Central Garden & Pet Company reported financial results for the 14- and 53-week periods ended September 29, 2012, posting net sales of US$397.2 million for the fourth quarter of 2012, a 5 percent increase over the same period in fiscal 2011. Net sales rose thanks to strength in the company's pet segment, as well as an extra week in the quarter compared to 2011.
In the pet segment alone, net sales for fourth-quarter 2012 were US$237.6 million, 12 percent higher than fourth-quarter 2011.The pet segment’s branded product sales for the fourth quarter increased US$19.9 million (12 percent) to US$191.7 million, while sales of other manufacturers’ products were increased 15 percent compared to 2011 to US$45.9 million in 2012. The segment’s operating margin declined during the quarter, impacted by higher marketing and innovation expenses. Operating income was US$16.3 million, up from US$15.6 million in the fourth quarter of 2011.
For fiscal 2012, the company reported net sales of US$1.7 billion, an increase of 4 percent from US$1.6 billion in 2011. Net income for the year ended September 29 was US$21.2 million compared to US$28.3 million in fiscal 2011.
The company builds on its boutique business with three new lines for pet stores, including baked dog food and treats
Petfood companies who promote their support of causes in their marketing campaigns are staying innovative in these uncertain times
Learn about more companies and how they are lending a helping paw and claw to their own cause campaigns
While petfood shoppers continue to show strong brand loyalty, pet products have not been immune to the store brand swing
Read more of Dr. Mukund Parthasarathy's insights on the changing petfood retail market and how it affects petfood manufacturers large and small
There's a disconnect between consumers' confidence in petfoods and their knowledge of what makes the foods nutritious
--- Thank you for your patience ----
If you have any issues logging in or any other need feel free to contact us.