In its first fiscal quarter ending on December 30, 2023, Central Garden & Pet Company experienced a 1% uptick in net sales, reaching $628 million. The gross profit for this quarter amounted to $179 million, marking an increase from the previous year’s $172 million.
Within the pet segment, net sales totaled $409 million, a slight dip from the prior year’s $416 million, primarily due to reduced sales of durable pet products. Excluding the impact of the recent TDBBS acquisition, organic net sales in this segment contracted by 5%.
Operating income for the pet segment saw a 10% boost, reaching $43 million, compared to the $40 million recorded a year ago. Additionally, the pet segment’s adjusted EBITDA improved, reaching $54 million, surpassing the prior year’s $50 million.
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