NasdaqGS:CENTHousehold Products
Central Garden & Pet (CENT) Stock Jumps On Margin Gains And Higher Outlook
Central Garden & Pet stock rose 5.6% to US$46.54 today as investors reacted to a garden and pet supplies quarter that appeared stronger beneath the surface than the headline sales figure suggests. Reported net sales were US$882.4m, while non-GAAP operating margin reached 15.4%. Management also raised full-year non-GAAP earnings per share guidance to at least US$2.85.
In the short term, this looks like a relief rally. Over a longer horizon, the key question is whether this margin progress and...