Earnings Call Summary | Central Garden & Pet(CENT.US) Q2 2024 Earnings Conference
Earnings Call Summary | Central Garden & Pet(CENT.US) Q2 2024 Earnings Conference
The following is a summary of the Central Garden & Pet Company (CENT) Q2 2024 Earnings Call Transcript:
以下是中央花園寵物公司（CENT）2024年第二季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Central Garden & Pet reported a Q2 GAAP EPS of $0.93 and non-GAAP EPS of $0.99, both increasing year-over-year.
Net sales were slightly lower than the previous year, at $900 million.
Non-GAAP gross profit increased by 8.4% to $281 million, and the non-GAAP gross margin improved by 270 basis points to 31.3%.
A slight increase was observed in the non-GAAP SG&A expense, rising by 1% to $183 million.
Non-GAAP operating income rose year-over-year to $99 million from $78 million in Q2 of the previous fiscal year.
The effective tax rate for the period was reported at 23.4%, down slightly from 23.9% in the prior year.
Central Garden & Pet報告稱，第二季度GAAP每股收益爲0.93美元，非公認會計准則每股收益爲0.99美元，均同比增長。
淨銷售額略低於上一年，爲9億美元。
非公認會計准則毛利增長了8.4％，達到2.81億美元，非公認會計准則毛利率提高了270個點子至31.3％。
非公認會計准則銷售和收購支出略有增加，增長了1％，達到1.83億美元。
非公認會計准則營業收入同比增長至9,900萬美元，從上一財年第二季度的7,800萬美元增至9,900萬美元。
該期間的有效稅率爲23.4％，略低於上一年的23.9％。
Business Progress:
業務進展：
The company realized growth in e-commerce sales and expanded market share across multiple pet and garden categories.
Efficiency improvements were reported across the organization due to progress in the cost and simplicity program.
Central Garden & Pet expects to realize significant savings and efficiencies by having consolidated four distribution locations into one.
Strategic investments in brands, digital capabilities, and consumer insight are anticipated to fuel further growth.
The company noted that it has eliminated 5,000 SKUs, primarily low-margin products, optimizing its product assortment.
Investments have been made specifically in counter-seasonal business categories to mitigate against weather-related risks.
Although pet durables have declined, the company expects a rebound and eventual growth in FY '25.
該公司實現了電子商務銷售的增長，並擴大了多個寵物和園藝類別的市場份額。
由於成本和簡化計劃的進展，整個組織都報告了效率的提高。
Central Garden & Pet希望通過將四個配送地點合併爲一個配送地點，實現顯著的節省和效率。
對品牌、數字能力和消費者洞察力的戰略投資預計將推動進一步增長。
該公司指出，它已經取消了5,000個SKU，主要是低利潤產品，以優化其產品種類。
專門對反季節性業務類別進行了投資，以減輕與天氣相關的風險。
儘管耐用寵物用品有所下降，但該公司預計25財年將出現反彈並最終增長。
More details: Central Garden & Pet IR
更多詳情： 中央花園和寵物紅外
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。