The company reaffirms its fiscal 2026 earnings guidance while advancing the TRIXIE acquisition and facility consolidation efforts.
Central Garden & Pet (CENT) set a non-GAAP earnings per share target of at least $2.85 for fiscal 2026 during its Q3 earnings call. CEO Nicholas Lahanas noted organic sales growth and expanded operating margins in the quarter, driven by Project Horizon, a restructuring initiative launched in 2022.
The company has closed 13 facilities and opened two since 2022, consolidating operations previously split across separate business units. The TRIXIE acquisition, part of its growth strategy, remains on track. Prior quarters saw steady margin improvement, though consensus estimates for fiscal 2026 had already factored in similar earnings expectations.
No immediate market reaction was disclosed in the call summary.