Central Garden & Pet Co., a marketer and producer of pet food and other products, reported revenue of US$413.41 million for their their earnings results for fiscal year 2016 and Q4, reported Trade Calls. The results came in during after-hours trading on December 1.
Earlier, company analysts had estimated a revenue of US$416.65M, which means the reported revenues were US$-3.24 million below the estimates.
Earnings per share (EPS) were reported at US$0.13, which was above estimates by US$0.08 or 160 percent. Analysts had estimated an EPS of US$0.05.
Following the announcement, Central Garden & Pet Co. shares advanced 10.94 percent. The stock price ended at US$31.485, which was near the day’s high of US$31.75.
Central Garden & Pet markets and produces pet food, treats, animal health items and other pet products, along with lawn and garden supplies.
Third quarter net sales for the Central Garden & Pet Co. pet segment increased by 20.6 percent to US$287.2 million, from the same period a year ago. In comparison, overall sales of all segments only increased 12 percent to US$514.5 million compared to US$459.4 million in the third quarter a year ago.
Central Garden & Pet Co(NASDAQ:CENT) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-hours on Dec 1, 2016. Company reported revenue of $413.41M. Analysts estimated a revenue of $416.65M. The revenues were $-3.24M or NaN% below the estimates. Earnings per share were $0.13.
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