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Central Posts Third-Quarter Gains

Posted: Aug. 1, 2012, 6:40 p.m. EDT


Central Garden & Pet Co. today reported steep increases in third-quarter sales and profits, with much of the credit going to the company’s pet segment and higher demand for flea and tick products.

The Walnut Creek, Calif.-based manufacturer of branded products for the lawn, garden and pet supplies markets booked net sales of $533.8 million in the third quarter, an increase of 10 percent from the same period a year ago. Operating income was $49 million, compared to $36.6 million a year earlier, a 34 percent jump.

“We now have generated top-line growth in six of the last seven quarters," said Gus Halas, president and CEO of Central Operating Companies.

Central Garden & Pet sees Q3 gains
“Our pet segment performed well during the quarter, benefitting from expanded distribution, product innovation and favorable weather for pest-control products.”

Net sales in the pet segment increased by 19 percent from the same period a year ago, to $271.3 million. The segment’s branded product sales were $228.9 million, and sales of other manufacturers’ products were $42.4 million.

For the nine months ending June 23, the company reported net sales of $1.30 billion, an increase of 4 percent over the comparable 2011 period. Branded products sales equaled $1.09 billion, rising 3 percent.

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