Financial Information Relating to Company's Business Segments |
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Three Months Ended |
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Six Months Ended |
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March 27, 2021 |
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March 28, 2020 |
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March 27, 2021 |
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March 28, 2020 |
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(in thousands) |
Net sales: |
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Pet segment |
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$ |
491,972 |
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$ |
405,528 |
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$ |
928,382 |
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$ |
772,119 |
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Garden segment |
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443,280 |
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297,701 |
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$ |
599,100 |
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413,938 |
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Total net sales |
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$ |
935,252 |
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$ |
703,229 |
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$ |
1,527,482 |
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$ |
1,186,057 |
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Operating Income |
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Pet segment |
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62,058 |
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43,476 |
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105,583 |
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72,213 |
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Garden segment |
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65,962 |
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43,161 |
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70,613 |
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36,278 |
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Corporate |
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(23,410) |
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(20,532) |
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(44,546) |
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(40,321) |
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Total operating income |
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104,610 |
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66,105 |
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131,650 |
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68,170 |
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Interest expense - net |
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(10,151) |
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(9,336) |
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(30,920) |
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(17,973) |
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Other income (expense) |
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704 |
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(979) |
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1,456 |
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(674) |
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Income tax expense |
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21,564 |
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12,648 |
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22,945 |
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10,920 |
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Income including noncontrolling interest |
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73,599 |
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43,142 |
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79,241 |
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38,603 |
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Net income attributable to noncontrolling interest |
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645 |
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438 |
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674 |
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316 |
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Net income attributable to Central Garden & Pet Company |
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$ |
72,954 |
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$ |
42,704 |
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$ |
78,567 |
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$ |
38,287 |
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Depreciation and amortization: |
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Pet segment |
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$ |
8,882 |
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$ |
9,170 |
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$ |
17,967 |
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$ |
18,242 |
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Garden segment |
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8,804 |
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2,595 |
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11,442 |
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5,308 |
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Corporate |
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1,168 |
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1,411 |
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2,360 |
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2,766 |
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Total depreciation and amortization |
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$ |
18,854 |
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$ |
13,176 |
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$ |
31,769 |
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$ |
26,316 |
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March 27, 2021 |
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March 28, 2020 |
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September 26, 2020 |
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(in thousands) |
Assets: |
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Pet segment |
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$ |
980,769 |
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$ |
894,294 |
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$ |
877,901 |
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Garden segment |
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1,511,136 |
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613,847 |
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481,401 |
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Corporate |
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355,197 |
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659,266 |
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980,062 |
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Total assets |
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$ |
2,847,102 |
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$ |
2,167,407 |
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$ |
2,339,364 |
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Goodwill (included in corporate assets above): |
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Pet segment |
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$ |
277,067 |
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$ |
276,966 |
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$ |
277,067 |
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Garden segment |
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12,888 |
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12,888 |
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12,888 |
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Total goodwill |
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$ |
289,955 |
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$ |
289,854 |
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$ |
289,955 |
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The tables below presents the Company's disaggregated revenues by segment:
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Three Months Ended March 27, 2021 |
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Six Months Ended March 27, 2021 |
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Pet Segment |
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Garden Segment |
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Total |
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Pet Segment |
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Garden Segment |
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Total |
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(in millions) |
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(in millions) |
Other pet products |
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$ |
259.5 |
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$ |
— |
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$ |
259.5 |
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$ |
441.8 |
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$ |
— |
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$ |
441.8 |
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Dog and cat products |
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133.3 |
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— |
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133.3 |
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288.7 |
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— |
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288.7 |
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Other manufacturers' products |
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99.2 |
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89.2 |
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188.4 |
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197.9 |
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131.8 |
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329.7 |
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Garden controls and fertilizer products |
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— |
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131.7 |
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131.7 |
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— |
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160.8 |
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160.8 |
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Other garden supplies |
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— |
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222.4 |
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222.4 |
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— |
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306.5 |
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306.5 |
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Total |
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$ |
492.0 |
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$ |
443.3 |
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$ |
935.3 |
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$ |
928.4 |
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$ |
599.1 |
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$ |
1,527.5 |
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Three Months Ended March 28, 2020 |
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Six Months Ended March 28, 2020 |
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Pet Segment |
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Garden Segment |
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Total |
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Pet Segment |
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Garden Segment |
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Total |
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(in millions) |
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(in millions) |
Other pet products |
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$ |
208.9 |
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$ |
— |
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$ |
208.9 |
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$ |
359.3 |
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$ |
— |
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$ |
359.3 |
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Dog and cat products |
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111.4 |
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— |
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111.4 |
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241.8 |
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— |
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241.8 |
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Other manufacturers' products |
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85.2 |
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65.1 |
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150.3 |
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171.0 |
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95.0 |
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266.0 |
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Garden controls and fertilizer products |
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— |
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110.8 |
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110.8 |
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— |
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133.9 |
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133.9 |
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Other garden supplies |
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— |
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121.8 |
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121.8 |
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— |
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185.0 |
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185.1 |
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Total |
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$ |
405.5 |
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$ |
297.7 |
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$ |
703.2 |
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$ |
772.1 |
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$ |
413.9 |
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$ |
1,186.1 |
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