Advertisement

Pet Food News
On February 11, 2013

Central Garden & Pet reports first-quarter fiscal 2013 net sales drop

Pet segment sales fall 2 percent due to lower sales of dog, cat products

Pet product manufacturer Central Garden & Pet reported net sales of US$292.5 million for first-quarter fiscal 2013, ended December 29, 2012, a 3 percent decrease over the same period a year ago. The company's pet segment net sales fell 2 percent (US$4.1 million) to US$195.2 million for first-quarter 2013 compared to the same period in 2012.

The company attributes lower net sales in its pet segment to lower sales of dog and cat products. The pet segment's branded-product sales were US$ 154.2 million and Central's sales of other manufacturers' products were US$41 million. Operating income for the pet segment rose to US$10.2 million for first-quarter fiscal 2013 compared to US$9.7 in the same period a year ago, thanks to improvements in the company's equine business.

Overall, Central Garden & Pet reported a first-quarter operating loss of US$13.1 million, compared to US$11.3 million during the same period in fiscal 2012, due to lower sales and gross margins. First-quarter fiscal 2013 net loss was US$15.3 million, compared to US$13.1 million during the same period in fiscal 2012 .

Comments powered by Disqus

Advertisement

Advertisement

Advertisement

Read the May issue of Petfood Industry!

May 2015

The May 2015 issue of Petfood Industry focuses on the expanding pet food company, Pipeline Pet Products, and how new product development is helping the company to grow in the US market. Also, learn about emerging pet food markets like Asia-Pacific as expenditures on pet products continue to grow. And as specialty pet foods continue to grow in all markets, products claiming “natural” or “organic” status are climbing to the top of consumers’ lists.

READ MORE in Petfood Industry magazine

Advertisement