CENTRAL GARDEN & PET CO

Listed Company

CENTCIK 0000887733NasdaqLarge AcceleratedWholesale-Miscellaneous Nondurable GoodsDelawareFY ends Sep 27

Period

FY 2025

Revenue

$3.13B

Net Income

$162.84M

Total Assets

$3.63B

Equity

$1.58B

Shares Out

12.25M

Op. Cash Flow

$332.51M

Business

CENTRAL GARDEN & PET CO is a diversified manufacturer and marketer of branded and private-label products serving the U.S. pet and lawn & garden markets. It offers dog and cat supplies, treats and chews, toys, beds, grooming and waste-management products; aquatics, reptile, small-animal and bird supplies; live fish and small animals; lawn and garden consumables including grass and packet seeds, wild bird feed, fertilizers, insect and weed controls, and live plants. The company operates through two reportable segments: Pet and Garden. Products are distributed through national, regional and independent retailers, mass merchants, home centers, eCommerce channels and professional markets using an integrated sales, manufacturing and logistics network.

Summary from filing dated 2025-11-26

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Net sales	3,129	3,200	3,310	3,339	3,304
Cost of goods sold	2,132	2,257	2,363	2,346	2,333
Gross profit	997	944	947	992	971
Selling, general and administrative expenses	747	758	736	732	716
Operating income	250	185	211	260	254
Interest expense	−58	−58	−57	−58	−59
Interest income	25	20	7	719,000	415,000
Other income (expense), net	−480,000	−5	1	−4	−2
Income before income taxes and noncontrolling interest	217	142	162	199	195
Income tax expense	53	33	36	46	42
Net income including noncontrolling interest	164	109	126	153	153
Net income attributable to noncontrolling interest	1	1	454,000	520,000	1
Net income attributable to Central Garden & Pet Company	163	108	126	152	152
Basic (in usd per share)	2.58	1.64	1.92	2.29	2.81
Diluted (in usd per share)	2.55	1.62	1.88	2.24	2.75
Basic (in shares)	63	66	65	67	54
Diluted (in shares)	64	67	67	68	55

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Cash and cash equivalents	882	754	489	177	426
Restricted cash	16	15	14	15	13
Accounts receivable, net	325	326	333	377	385
Inventories, net	722	758	838	938	685
Prepaid expenses and other	30	34	33	47	34
Total current assets	1,976	1,887	1,707	1,554	1,544
Plant, property and equipment, net	363	379	392	397	329
Goodwill	555	551	546	546	369
Other intangible assets, net	448	473	497	543	134
Operating lease right-of-use assets	223	205	174	186	166
Other assets	61	58	63	55	575
Total	3,626	3,553	3,379	3,282	3,117
Accounts payable	235	213	191	216	246
Accrued expenses	247	245	216	202	235
Current lease liabilities	57	57	51	48	41
Current portion of long-term debt	62,000	239,000	247,000	317,000	1
Total current liabilities	539	515	458	466	522
Long-term debt	1,192	1,190	1,188	1,186	1,185
Long-term lease liabilities	192	173	136	148	130
Deferred income taxes and other long-term obligations	119	118	144	147	56
Commitments and contingencies (Note 12)	—	—	—	—	—
Additional paid-in capital	571	598	594	582	576
Retained earnings	1,015	960	859	755	646
Accumulated other comprehensive loss	−4	−3	−3	−4	−831,000
Total Central Garden & Pet shareholders equity	1,583	1,556	1,451	1,334	1,222
Noncontrolling interest	2	2	1	1	1
Total equity	1,585	1,558	1,453	1,335	1,224
Total	3,626	3,553	3,379	3,282	3,117

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Depreciation and amortization	85	91	88	81	75
Amortization of deferred financing costs	3	3	3	3	2
Non-cash lease expense	60	56	52	49	41
Stock-based compensation	21	21	28	26	23
Gain on sale of business	0	0	−6	0	3
Deferred income taxes	−2	−14	−12	28	−15
Facility closures and business exit costs	9	28	16	0	0
Impairment of intangibles	1	13	0	0	—
Other asset impairments	0	7	750,000	0	—
Other	2	906,000	−525,000	−648,000	5
Receivables	629,000	12	44	7	69
Inventories	31	84	87	−256	−132
Prepaid expenses and other assets	−3	12	9	−6	13
Accounts payable	20	18	−20	−31	25
Accrued expenses	1	17	7	−33	7
Other long-term obligations	986,000	−13	10	−8	15
Operating lease liabilities	−62	−50	−49	−45	−40
Net cash provided by operating activities	333	395	382	−34	251
Additions to property, plant and equipment	−41	−43	−54	−115	−80
Business acquired, net of cash acquired	−3	−60	0	0	−820
Proceeds from sale of business	0	0	20	0	2
Payments for investments	0	−2	−500,000	−28	−500,000
Other investing activities	−150,000	−175,000	−115,000	40,000	−473,000
Net cash used in investing activities	−45	−105	−35	−143	−899
Repayments on revolving line of credit	0	0	−48	0	−858
Borrowings on revolving line of credit	0	0	48	0	858
Repayments of long-term debt	−231,000	−370,000	−338,000	−1	−430
Proceeds from issuance of common stock, net of offering costs	0	1,000	0	—	—
Repurchase of common stock, including shares surrendered for tax withholding	−155	−24	−37	−62	−28
Payments of contingent consideration	0	−95,000	−54,000	−216,000	−373,000
Distribution to noncontrolling interest	−1	−899,000	0	−806,000	−606,000
Net cash used in financing activities	−157	−25	−38	−67	420
Effect of exchange rate changes on cash and equivalents	−947,000	1	1	−4	1
Net increase in cash, cash equivalents and restricted cash	130	266	311	−247	−227
Cash paid for interest	58	58	57	58	43
Cash paid for income taxes net of refunds	62	54	18	35	71
Capital expenditures incurred but not paid	3	2	2	8	6
Liability for contingent performance based payments	2	−20,000	−374,000	−847,000	610,000
Shares of common stock repurchased but not settled	0	536,000	0	911,000	2
Lease liabilities arising from obtaining right-of-use assets	74	95	43	71	91

Filings

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