Filing Flows › Central Garden & Pet (CENT) › Q4 FY24
Central Garden & Pet (CENT) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Nov 27, 2024
Central Garden & Pet (CENT) reported revenue of $669M for the fourth quarter fiscal 2024 (Q4 FY24), -11% from a year earlier and -33% from the quarter before. Operating margin was -4.8%, net loss $34.4M (5.1% of revenue).
Central Garden & Pet, Q4 FY24: revenue $669M (-11% year over year), operating margin -4.8%, net loss $34.4M, operating cash flow $203M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $669M | -33% | -11% |
| Operating profit | −$32.4M | — | — |
| Net earnings | −$34.4M | — | — |
| Operating cash flow | $203M | -29% | +32% |
| Free cash flow | $193M | -29% | +37% |
What changed
Revenue was $669.5M in Q4 FY24, down 11% year over year and down 33% from the previous quarter.
Gross margin was 25.2%, down 1.1 points from a year earlier. Operating costs exceeded revenue by $32.4M, an operating margin of -4.8%. Operating expenses grew 7% against a revenue fall of 11%. The quarter ended with a net loss of $34.4M, after a profit of $80.5M the previous quarter.
Operating cash flow was $203.1M (up 32% year over year). Non-cash charges added back $22.7M of depreciation and amortization and $5.4M of share-based compensation. Working capital and other items added $209.3M. Capital expenditures of $10.0M left free cash flow of $193.0M.
Questions
What was Central Garden & Pet's revenue in the fourth quarter fiscal 2024?
Central Garden & Pet (CENT) reported revenue of $669M for the fourth quarter fiscal 2024 (Q4 FY24), -11% from a year earlier and -33% from the quarter before.
Was Central Garden & Pet profitable in the fourth quarter fiscal 2024?
Operating loss was $32.4M (-4.8% of revenue) and net loss $34.4M.