Net sales for the Pet Products segment decreased 1 percent, or $2.9 million, from the same period a year ago to $222.5 million, due primarily to a decline in wild bird feed sales. Delays in shipments to customers also impacted revenues during the quarter. The Pet Products segment’s branded product sales were $179.8 million and sales of other manufacturers’ products were $42.7 million. The Pet Product segment’s gross and operating margins declined from a year ago, in part as a result of short-term operational issues associated with the transformation. The Pet Products segment’s operating income was $21.0 million compared to operating income of $23.4 million in the prior-year period.For the six months ending March 24, 2012, the Company reported net sales of $769.0 million, little changed from $767.4 million in the comparable 2011 period. Branded products sales equaled $638.0 million, down 2 percent over the comparable 2011 period. Sales of other manufacturers' products increased 9 percent to $131.0 million. Operating income for the period was $33.9 million compared to $53.1 million in the prior year. Net income for the six months ended March 24, 2012 was $8.5 million compared to $22.2 million in the comparable 2011 period. Earnings per fully diluted share were $0.18 compared to $0.37 per fully diluted share in the year ago period.
Central Garden & Pet Company Announces Fiscal 2012 Second Quarter Results
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