Central Garden & Pet Co. (CENT)

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Why is Central Garden & Pet Co. (CENT) Stock down?

We've noticed a 16.84% decline in Central Garden & Pet Co. (CENT) stock during the 2024-02-09 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!

21 Nov, 2023:

Central Garden & Pet Co. Stock (CENT) dropped by 9.94% from $43.88 to $39.52 in the trading on Tuesday November 21, 2023. The reason why CENT stock down today is due to its mixed third-quarter results. Central Garden & Pet beat analysts' revenue expectations this quarter, driven by better-than-expected performance in its pet segment. On the other hand, its operating margin, adjusted EBITDA, and EPS missed analysts' expectations.

Revenue: $750.1 million vs analyst estimates of $735.1 million (2.1% beat)
EPS: $0.05 vs analyst expectations of $0.06 (11.8% miss)
Free Cash Flow of $141 million, down 55.1% from the previous quarter
Gross Margin (GAAP): 26.3%, down from 28.2% in the same quarter last year