Sales, profits rise at Central Garden & Pet
Central Garden & Pet, a leading supplier of seeds, pottery, garden chemicals and other outdoor living products, reported net sales of $533.8 million for its third fiscal quarter, an increase of 10% from sales of $484.3 million during the same period a year ago.
Net income for the quarter, which ended June 23, totaled $22.7 million, compared with net income of $17.1 million in the third quarter of 2011.
"We are pleased with our third-quarter revenue growth and bottom-line results,” said Gus Halas, president and CEO. “We now have generated top-line growth in six of the last seven quarters."
The company’s pet segment performed well during the quarter, benefiting from expanded distribution, new products and favorable weather for pest control products. The quarter's results also reflected the shipment of backlogged orders from the prior quarter, according to the company.