Central Garden & Pet Co. reported second quarter net sales of US$497.6 million, down 1% from US$501.6 million a year ago.
The company’s second quarter operating income was US$50 million, compared with US$44.8 million a year ago.
Sales and general administrative expenses as a percentage of sales improved to 20.1% from 20.5% a year ago.
Net sales for the company’s pet segment rose 2% to US$221.5 million. Partially offsetting those gains were lower wild bird feed and dog and cat revenues. Sales of other manufacturers' products increased primarily due to increased distribution and higher sales of dog food, treats and supplies. The pet segment’s branded product sales were US$168.4 million, and sales of other manufacturers’ products were US$53.1 million.
The pet segment’s operating income was US$27.1 million, up 12% from a year ago.
Pet owners want a lot from their pet food brands. They want primary proteins that suit what they believe is best for their animal. They want grains or they don't. They want something customized, but it has to be easy to understand.
Constraints and crises, like those experienced in 2020, help drive innovation and sustainability offers context.