Schedule of Financial Information Relating to Company's Business Segments |
Financial information relating to the Company’s business segments for each of the three most recent fiscal years is presented in the table below:
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Fiscal Year Ended |
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September 24, 2022 |
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September 25, 2021 |
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September 26, 2020 |
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(in thousands) |
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Net sales: |
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Pet segment |
$ |
1,878,110 |
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$ |
1,894,929 |
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$ |
1,678,027 |
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Garden segment |
1,460,478 |
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1,408,755 |
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1,017,482 |
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Total |
$ |
3,338,588 |
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$ |
3,303,684 |
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$ |
2,695,509 |
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Operating income (loss): |
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Pet segment |
$ |
208,924 |
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$ |
208,201 |
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$ |
171,369 |
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Garden segment |
153,956 |
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138,755 |
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115,413 |
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Corporate |
(102,844) |
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(92,460) |
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(88,805) |
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Total |
260,036 |
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254,496 |
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197,977 |
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Interest expense |
(58,253) |
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(58,597) |
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(44,016) |
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Interest income |
719 |
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415 |
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4,027 |
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Other expense, net |
(3,596) |
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(1,506) |
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(4,250) |
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Income before income taxes and noncontrolling interest |
198,906 |
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194,808 |
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153,738 |
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Income tax expense |
46,234 |
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42,035 |
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32,218 |
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Net income including noncontrolling interest |
152,672 |
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152,773 |
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121,520 |
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Net income attributable to noncontrolling interest |
520 |
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1,027 |
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844 |
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Net income attributable to Central Garden & Pet Company |
$ |
152,152 |
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$ |
151,746 |
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$ |
120,676 |
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Assets: |
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Pet segment |
$ |
1,069,167 |
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$ |
966,437 |
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$ |
877,901 |
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Garden segment |
1,405,802 |
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1,313,899 |
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481,401 |
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Corporate and eliminations |
807,033 |
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836,344 |
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980,062 |
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Total |
$ |
3,282,002 |
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$ |
3,116,680 |
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$ |
2,339,364 |
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Depreciation and amortization: |
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Pet segment |
$ |
38,960 |
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$ |
36,952 |
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$ |
38,116 |
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Garden segment |
36,583 |
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33,050 |
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10,590 |
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Corporate |
5,405 |
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4,725 |
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6,653 |
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Total |
$ |
80,948 |
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$ |
74,727 |
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$ |
55,359 |
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Expenditures for long-lived assets: |
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Pet segment |
$ |
46,917 |
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$ |
44,919 |
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$ |
31,106 |
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Garden segment |
65,126 |
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34,043 |
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8,177 |
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Corporate |
3,162 |
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1,371 |
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3,772 |
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Total |
$ |
115,205 |
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$ |
80,333 |
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$ |
43,055 |
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Noncontrolling interest is associated with the Garden segment.
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