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Article: Central Garden & Pet Reports Second Quarter Results; Reaffirms Fiscal 2003 Earnings Guidance of $1.70-$1.80 Per Diluted Share.
- Article from:
- Business Wire
- Article date:
- May 1, 2003
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Business Editors
LAFAYETTE, Calif.--(BUSINESS WIRE)--May 1, 2003
Central Garden & Pet Company (NASDAQ: CENT) today announced its financial results for the fiscal second quarter of 2003, ended March 29, 2003.
Net sales for the second quarter were $330.5 million compared with $290.7 million in the comparable fiscal 2002 period. The Company recorded net income for the quarter of $13.5 million, or $0.68 per diluted share, compared with a net income of $10.9 million, or $0.53 per diluted share, in the comparable year-ago period.
The improved results for the second fiscal quarter of 2003 were driven by continued growth of higher margin ...