Net sales at the American specialist retailer Central Garden & Pet rose by six per cent to 750 mio dollars in the fourth quarter, ending 30 September. Net sales in the company’s pet segment even increased by ten per cent to 483 mio dollars. Dog treats and small animal and bird products in particular fuelled growth.
“Sales in our pet consumables business continued to grow in all categories, including dog and cat, which posted a record quarter,” said Nicholas Lahanas, senior vice president and CFO of Central Garden & Pet. Accessory products, however, continue to decline in the high single-digit range. Operating profit in the fourth quarter totalled 9 mio dollars, compared with 13 mio dollars in the same period of the previous year. The operating margin also fell from 1.8 to 1.2 per cent.
Central Garden & Pet also announced its results for the 2023 financial year. Accordingly, net sales totalled 3.3 bn dollars, the same as in the previous year. At 1.9 bn dollars, net sales in the pet segment were on a par with the previous year. The operating result totalled 211 mio dollars compared to 260 mio dollars in the previous year.
