Net sales increased to 661 mio dollars

Central Garden & Pet Company has announced financial results for its fiscal 2022 first quarter, which ended on 25 December 2021. "We delivered another solid quarter thanks to continued demand for our Pet and Garden brands," said Tim Cofer, CEO.
Net sales increased by 12 per cent to 661 mio dollars compared with 592 mio a year ago, driven by recent acquisitions, which contributed 70 mio to the quarter. Organic sales were in line with the prior year quarter. Operating income decreased by 3 per cent to 26 mio dollars from 27 mio a year ago. The company's net income increased by 61 per cent to 9 mio dollars from 6 mio dollars a year ago.
Net sales for the garden segment increased by 45 per cent to 225 mio dollars. The garden segment operating income increased by 30 per cent to 6 mio dollars, driven by the strong performance of recent acquisitions.
Net sales for the pet segment were 436 mio dollars, in line with the prior year. Notable contributions from animal health, dog and cat and the company's pet distribution businesses were offset by declines in pet beds and small animal and aquatic supplies. Pet segment operating income increased by 4 per cent to 45 mio dollars.