Central Garden & Pet reports record sales

Central Garden & Pet posted net sales of $935 million for the second quarter 2021, a 33% increase from sales of $703 million in the second quarter a year ago.

The sales total is a company record for Central Garden & Pet. 

The lawn and garden and pet products supplier said sales were driven by organic growth in both of its segments in addition to recent acquisitions contributing $76 million in revenue for the quarter.

Net sales for the garden segment increased 49% to $443 million driven by organic growth of 23%, with notable strength in distribution, fertilizers and controls, wild bird feed, and grass seed. Sales for the pet segment increased 21% to $492 million.

The Walnut Creek, Calif.-based company’s net income increased 71% to $73 million for the quarter compared to a net income of $43 million in the second quarter of 2020.

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The Bottom Line: Strength in both of Central Garden & Pet’s core segments push profits up by 71% to $73 for the second quarter.

What the CEO said: “We delivered the fifth consecutive quarter of record financial results reflecting solid execution, continued strong demand in Pet and Garden and the tireless support of our employees,” said Tim Cofer, CEO of Central Garden & Pet. “We are making further strides against our Central to Home strategy and are pleased with our recent acquisitions.”

Company info: Click here to read the full second quarter financial report from Central Garden & Pet.