How is Central Garden & Pet Co Likely To Grow In The Next Two Years?
Central Garden & Pet Co (NASDAQ: CENT), has displayed decent growth in revenue in the last few quarters. During the recent annual earnings the company’s revenue grew by 12.3% to 2.05 Billion for the full year, over 2017’s $1.83 Billion, driven by meaningful organic growth across both its segments. The Pet Segment grew by 15.2% and the Garden Segment grew by 8% on y-o-y basis. CENT delivered a decent year as the company remained focused on higher sales volumes and cost savings, including manufacturing efficiencies and more favorable input costs across its portfolio.
Going forward, we are projecting revenues for the two segments of the Company to grow as the company is working on their long-term strategic plan for sustainable growth. Overall, we anticipate the company’s revenue to grow at a compounded annual growth rate (CAGR) of 6.7%. We have built an explanatory dashboard Sources of Growth At Central Garden & Pet Co in The Next Two Years to outline major drivers of revenue over the next two years.
Estimating Central Garden & Pet Co Revenue Growth
- Up 25% This Year, Will Disney’s Strong Run Continue Following Q2 Results?
- A 3x Expected Rise In Mounjaro Sales Is Likely To Drive Eli Lilly’s Q1
- What Should You Do With Danaher Stock At $250 After Q1 Beat?
- Will A Macau Recovery Drive MGM Stock Higher Following Q1 Results?
- Lockheed Martin Stock Will Likely Remain In Focus After A Stellar Q1
- Up 17% YTD, What To Expect From eBay Q1 Results?
Central Garden & Pet Co generates revenue from two reportable segments of the Company: Pet Segment and Garden Segment.
As per our analysis, we believe that both the reported segments of the company will report progressive growth in the next two years. The Pet Segment is expected to continue to drive future revenue and profitability growth for the company, in line with the guidance provided by the company.
The Company is more than ever focused on key strategic growth initiatives like producing superior products, transforming business through technology, maintaining alternate channels of distribution, and fleet optimization for the year ahead. All these factors, coupled with strong sales momentum, will enable CENT to continue to grow its top line. Our estimates have been highlighted in our dashboard above. You can make changes to our assumed figures to arrive at your own revenue and growth estimates for the company.
What’s behind Trefis? See How it’s Powering New Collaboration and What-Ifs
For CFOs and Finance Teams | Product, R&D, and Marketing Teams
Like our charts? Explore example interactive dashboards and create your own.