Central Garden & Pet Company Stock Downgraded (CENTA)
- Despite its growing revenue, the company underperformed as compared with the industry average of 8.1%. Since the same quarter one year prior, revenues slightly increased by 4.0%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
- Net operating cash flow has slightly increased to $104.72 million or 3.78% when compared to the same quarter last year. Despite an increase in cash flow, CENTRAL GARDEN & PET CO's average is still marginally south of the industry average growth rate of 12.27%.
- The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Household Products industry. The net income has significantly decreased by 34.0% when compared to the same quarter one year ago, falling from $25.87 million to $17.08 million.
- The gross profit margin for CENTRAL GARDEN & PET CO is currently lower than what is desirable, coming in at 32.30%. It has decreased from the same quarter the previous year. Along with this, the net profit margin of 3.50% trails that of the industry average.
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