Central Garden & Pet Company, founded in 1955, is a Nasdaq‐listed manufacturer and marketer of a wide range of pet and garden products distributed through extensive wholesale and retail networks. Under the guidance of CEO Michael R. Johnson, the company serves over 40,000 retail customers and holds an estimated 10-12% market share in its segments. It continues to advance its competitive position by expanding into digital commerce and investing in product innovation. These strategic initiatives position the company for continued growth in a competitive consumer discretionary sector.
Financial Statements
In thousands, USD
FY 2025
FY 2024
FY 2023
FY 2022
Total Revenues
3,129,060
3,200,460
3,310,080
3,338,590
Cost of Sales
2,131,730
2,256,730
2,363,240
2,346,280
Gross Profit
997,336
943,735
946,842
992,305
Selling, General & Administrative Expenses
747,294
758,348
736,196
732,269
Operating Profit
250,042
185,387
210,646
260,036
Interest and Investment Income
24,885
19,655
7,362
719
Interest Expense
(57,697)
(57,527)
(57,025)
(58,253)
Non-Operating Income
(480)
(5,090)
1,462
(3,596)
Total Non-Operating Income
(33,292)
(42,962)
(48,201)
(61,130)
Income Before Provision for Income Taxes
216,750
142,425
162,445
198,906
Provision for Income Taxes
52,787
33,112
36,348
46,234
Consolidated Net Income
163,963
109,313
126,097
152,672
Net Income Attributable to Minority Interests and Other
1,120
1,330
454
520
Net Income Attributable to Common Shareholders
162,843
107,983
125,643
152,152
Basic EPS
2.58
1.64
1.92
2.29
Diluted EPS
2.55
1.62
1.88
2.24
Basic Weighted Average Shares Outstanding
63,094
65,711
65,493
66,525
Diluted Weighted Average Shares Outstanding
63,815
66,860
66,783
68,031
Shares Outstanding
62,871
67,123
67,153
67,806
FY 2025
FY 2024
FY 2023
FY 2022
Cash and Cash Equivalents
898,433
768,403
502,873
192,184
Total Cash and Cash Equivalents
898,433
768,403
502,873
192,184
Accounts Receivable
325,498
326,220
332,890
376,787
Total Trade Receivables
325,498
326,220
332,890
376,787
Inventories
722,105
757,943
838,188
938,000
Other Current Assets
30,294
34,240
33,172
46,883
Total Current Assets
1,976,330
1,886,810
1,707,120
1,553,850
Net Property, Plant & Equipment
583,851
584,363
565,308
583,323
Net Intangible Assets
447,643
473,260
497,228
543,210
Goodwill
554,692
551,361
546,436
546,436
Other Long-Term Assets
63,127
57,689
62,553
55,179
Total Assets
3,625,640
3,553,440
3,378,650
3,282,000
Accounts Payable
234,618
212,606
190,902
215,681
Accrued Expenses
247,213
245,226
216,241
201,783
Current Portion of Long-Term Debt
12
239
247
317
Current Portion of Leases
56,865
57,313
50,597
48,111
Total Current Liabilities
538,758
515,384
457,987
465,892
Long-Term Debt
1,191,640
1,189,810
1,187,960
1,186,250
Leases
191,739
173,086
135,621
147,724
Other Long-Term Liabilities
118,572
117,615
144,271
147,429
Total Long-Term Liabilities
1,501,950
1,480,510
1,467,850
1,481,400
Total Liabilities
2,040,710
1,995,890
1,925,840
1,947,290
Common Stock
629
671
671
542
Additional Paid-in Capital
571,392
598,098
594,282
582,056
Accumulated Other Comprehensive Income
(9,849)
(2,625)
(2,970)
(4,145)
Retained Earnings
1,015,100
959,511
859,370
755,253
Total Common Shareholders' Equity
1,582,270
1,555,650
1,451,350
1,333,710
Minority Interests and Other
1,665
1,891
1,460
1,006
Total Shareholders' Equity
1,583,930
1,557,550
1,452,810
1,334,710
Total Liabilities and Shareholders' Equity
3,625,640
3,553,440
3,378,650
3,282,000
FY 2025
FY 2024
FY 2023
FY 2022
Net Income
163,963
109,313
126,097
152,672
Depreciation & Amortization
84,894
90,807
87,700
80,948
Share-Based Compensation Expense
21,060
20,583
27,990
25,817
Other Adjustments
73,465
93,385
52,367
78,962
Changes in Trade Receivables
629
11,857
43,980
7,004
Changes in Inventories
31,278
84,306
86,980
(256,443)
Changes in Accounts Payable
20,107
18,373
(19,962)
(31,209)
Changes in Accrued Expenses
1,348
17,152
6,766
(33,495)
Changes in Other Operating Activities
(64,238)
(50,884)
(30,284)
(58,286)
Cash from Operating Activities
332,506
394,892
381,634
(34,030)
Capital Expenditure
(41,418)
(43,135)
(53,966)
(115,205)
Proceeds from Sale of Property, Plant & Equipment
—
—
20,000
—
Purchases of Investments
—
(1,650)
(500)
(27,818)
Payments for Business Acquisitions
(3,318)
(60,226)
—
—
Other Investing Activities
(150)
(175)
(115)
40
Cash from Investing Activities
(44,886)
(105,186)
(34,581)
(142,983)
Issuance of Short-Term Debt
—
—
48,000
—
Repayments of Short-Term Debt
—
—
(48,000)
—
Net Issuance / (Repayments) of Short-Term Debt
—
—
0
—
Repayments of Long-Term Debt
(231)
(370)
(338)
(1,096)
Net Issuance / (Repayments) of Long-Term Debt
(231)
(370)
(338)
(1,096)
Issuance of Common Shares
—
1
—
—
Repurchases of Common Shares
(155,066)
(24,075)
(37,161)
(62,287)
Net Issuance / (Repurchases) of Common Shares
(155,066)
(24,074)
(37,161)
(62,287)
Other Financing Activities
(1,346)
(994)
(54)
(3,432)
Cash from Financing Activities
(156,643)
(25,438)
(37,553)
(66,815)
Effect of Exchange Rate Changes on Cash and Cash Equivalents
(947)
1,261
1,189
(3,510)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash