Central Garden & Pet: Q2 Earnings Insights - Central Garden & Pet (NASDAQ:CENT)

Central Garden & Pet CENT reported its Q2 earnings results on Wednesday, May 3, 2023 at 04:02 PM.

Here's what investors need to know about the announcement.

Central Garden & Pet missed estimated earnings by 4.26%, reporting an EPS of $0.9 versus an estimate of $0.94.

Revenue was down $45.37 million from the same period last year.

Last quarter the company beat on EPS by $0.01 which was followed by a 0.91% increase in the share price the next day.

Here's a look at Central Garden & Pet's past performance:

Quarter	Q1 2023	Q4 2022	Q3 2022	Q2 2022
EPS Estimate	-0.17	0.01	1.27	1.20
EPS Actual	-0.16	-0.04	1.39	1.27
Revenue Estimate	620.30M	719.67M	997.93M	935.00M
Revenue Actual	627.66M	707.44M	1.01B	954.37M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Central Garden & Pet management provided guidance for Q2 2023, expecting earnings between $0.9 and $0.9 per share.

To track all earnings releases for Central Garden & Pet visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.