Advertisement

Pet Food News
On February 7, 2014

US pet product supplier Central Garden & Pet reports Q1 results

Decline in pet segment sales, increase in garden segment

US pet product supplier Central Garden & Pet Company reported 2014 first-quarter net sales of US$290.5 million, compared with US$292.5 million in the first quarter of 2013. The company's first-quarter operating loss improved to US$8.4 million, compared to an operating loss of US$13.1 million in the comparable period of 2013, according to the company.

"Our first quarter showed some improvement," said John Ranelli, president & CEO of Central Garden & Pet. "Our focus on the customer and operational and financial fundamentals is beginning to yield results. I am pleased we are starting to see improved performance from the changes we are making."

Net sales for the garden segment increased US$8.6 million, or 9% from the same period in 2013, to US$105.9 million. The garden segment's branded product sales were US$92.8 million and sales of other manufacturers' products were US$13.1 million. First-quarter net sales for the pet segment declined US$10.6 million, or 5% from the same period in 2013, to US$184.6 million. According to the company, lower sales of wild bird feed and aquatics products were the most important reasons for the declining sales.

The pet segment's branded product sales were US$140.5 million and sales of other manufacturers' products were US$44.1 million. The pet segment's operating income was US$14.4 million, compared to US$10.2 million in the same period in 2013, according to the company.

Comments powered by Disqus

Advertisement

Advertisement

Advertisement

Read the March issue of Petfood Industry!

March 2015

The March 2015 issue of Petfood Industry focuses on emerging pet industry trends. Read about NutriFusion, a company that saw immediate growth after expanding from human food into the pet food industry with its fruit and vegetable nutrient-dense products. Also, learn about how so-called "superfoods" are trending as a new pet food ingredient, and why innovation, convenience and sustainability are key in pet food packaging.

READ MORE in Petfood Industry magazine

Advertisement