Central Garden & Pet Company Raises Annual Adj. Earnings Guidance - Quick Facts

(RTTNews) - Central Garden & Pet Company (CENT, CENTA) announced the company is raising its annual guidance and now expects non-GAAP earnings per fully-diluted share of $1.90 or higher for fiscal 2018, with the increase predominately due to the inclusion of the Bell Nursery acquisition, though there does remain uncertainty as to how the garden season will play out through the remainder of the fiscal year.

Second-quarter earnings per diluted share increased 28.4% to $0.86 from $0.67 in the second quarter a year ago. Total net sales increased 7.6% to $613.1 million compared to $569.9 million in the second quarter, prior year, driven by solid organic growth in both the Garden and Pet segments. Organic sales increased 6.1% during the quarter.