Garden was the bright spot in Central Garden & Pet Co., Walnut Creek, Calif., for the second quarter ending March 30, 2019. Garden segment income was up, at $53.4 million from the year-ago $50.7 million. Revenues were up 15.1 percent to $335.5 million, with much of this from recent acquisitions – Bell Nurseries and Arden Companies – though 4.4 percent of growth was organic. Pet income was off 17.7 percent, to $27 million from $32.8 million.
Second-quarter net income attributable to the company was $42.4 million ($0.73 per diluted share) on sales of $673.7 million, down from the year-ago $45.2 million ($0.86 per share) and $613.1 million, respectively.
Six-month net income was $44.2 million ($0.76 per share) and revenues of $1.13 billion, down from $71.5 million ($1.36 per share) and $1.05 billion, respectively.
Six-month Garden income was $48.7 million down from $53 million, while Pet was $56.7 million down from $69 million.