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Central Garden & Pet Swings to Loss
Central Garden & Pet (CENT Quote) was in the doghouse Wednesday after swinging to a fiscal fourth-quarter loss against Wall Street's upside expectations.
The Walnut Creek, Calif.-based company, which makes pet supplies and lawn-and-garden products, said it lost $1.7 million, or 2 cents a share, on revenue that ticked down 4.6% to $401.3 million. In the year-ago quarter, Central made $6 million, or 8 cents a share.
Analysts polled by Thomson Financial were looking for a profit of 3 cents a share on revenue of $397 million. ...
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