Sales rise but profits fall at Central Garden & Pet

Central Garden & Pet has posted its first-quarter sales for 2011, reporting $282 million, an increase of 5% over the same period a year ago. The company reported a net loss of $9.6 million for the quarter, which ended on Dec. 25, 2010. This compares with a net loss of $2.9 million in the corresponding period a year ago.

“Our revenues grew for both our garden and pet segments in a quarter that is seasonally a slow period for the garden category,” said Bill Brown, chairman and CEO, in a prepared statement. “We were pleased with the first-quarter revenue growth, although our quarterly results were impacted by rising input costs and our strategic investment in brand building.”

Based in Walnut Creek, Calif., Central Garden & Pet is a supplier of lawn, garden and pet products under a variety of brands, including Pennington, Kaytee, Amdro, Sevin, Ironite, Norcal and New England Pottery.

Want to read more?
This content is available only to registered users. Log in to read the rest of this article or create a free account.
© 2014 Home Channel News. All Rights Reserved.