Sales rise but profits fall at Central Garden & Pet
Central Garden & Pet has posted its first-quarter sales for 2011, reporting $282 million, an increase of 5% over the same period a year ago. The company reported a net loss of $9.6 million for the quarter, which ended on Dec. 25, 2010. This compares with a net loss of $2.9 million in the corresponding period a year ago.
“Our revenues grew for both our garden and pet segments in a quarter that is seasonally a slow period for the garden category,” said Bill Brown, chairman and CEO, in a prepared statement. “We were pleased with the first-quarter revenue growth, although our quarterly results were impacted by rising input costs and our strategic investment in brand building.”
Based in Walnut Creek, Calif., Central Garden & Pet is a supplier of lawn, garden and pet products under a variety of brands, including Pennington, Kaytee, Amdro, Sevin, Ironite, Norcal and New England Pottery.