Central Garden & Pet company reports pet product net sales drop 1% in fourth quarter
Fourth quarter net sales fall to US$211.8 million in company's pet products segment
Central Garden & Pet Company reported financial results for its fourth quarter and full 2011 fiscal year ending September 24. The company reported net sales of US$376.9 million for the fourth quarter of 2011, a 9% increase over the comparable fiscal 2010 period.
Fourth quarter net sales for the pet products segment fell by 1%, or US$2.1 million, over the previous year to US$211.8 million. The pet products segment’s branded product sales also decreased by 1%, or US$1.8 million, to US$171.8 million. Sales of other manufacturers’ products were US$40.0 million, in line with the fourth quarter of 2010. The pet products segment’s operating income was US$15.6 million compared to operating income of US$12.9 million in the previous year’s period.