Central Garden Pet Beats Expectations, Stock Surges

Central Garden and Pets Q3 results surpassed expectations, with revenue of $678.2 million, a slight increase from last year and significantly higher than analysts predictions. The companys strategic actions, such as streamlining operations and focusing on profitable products, contributed to this success. However, challenges remain, including managing tariff-related price increases and ensuring retailers accept them. The companys stock rose after the earnings announcement, and investors will be watching for continued growth.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.