Central Garden & Pet Co Reveals 41% Advance In Q2 Earnings

(RTTNews) - Central Garden & Pet Co (CENT) reported a profit for its second quarter that gained ground compared to the same period last year.

The company said its bottom line climbed to $32.70 million, or $0.65 per share. This was higher than $23.24 million, or $0.47 per share, in last year's second quarter.

Analysts had expected the company to earn $0.59 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 8.8% to $541.25 million. This was up from $497.60 million last year.

Central Garden & Pet Co earnings at a glance:

-Earnings (Q2): $32.70 Mln. vs. $23.24 Mln. last year. -Earnings Growth (Y-o-Y): 40.7% -EPS (Q2): $0.65 vs. $0.47 last year. -EPS Growth (Y-o-Y): 38.3% -Analysts Estimate: $0.59 -Revenue (Q2): $541.25 Mln vs. $497.60 Mln last year. -Revenue Change (Y-o-Y): 8.8%

-Guidance: Full year EPS guidance: $1.10