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Business Segment Data
 12 Months Ended
Sep. 28, 2024
Segment Reporting [Abstract]  
Business Segment Data Business Segment Data
The Company’s chief operating decision-maker is its Chief Executive Officer. Operating segments are managed separately because each segment represents a strategic business that offers different products or services. The Company’s chief operating decision maker evaluates performance based on operating income or loss. The Company’s Corporate division is included in the following presentation since certain expenses of this division are not allocated separately to the two operating segments. Segment assets exclude cash equivalents, short-term investments, goodwill, and deferred taxes.
Management has determined that the Company has two operating segments which are also reportable segments based on the level at which the chief operating decision maker reviews the results of operations to make decisions regarding performance assessment and resource allocation. These operating segments are the Pet segment and the Garden segment. Substantially all of the Company’s assets and operations relate to its business in the United States.
The Pet segment consists of Nylabone Products, IMS Trading, Four Paws Products, Central Specialty Pet (Avian and Small Animal, C&S Products and Aquatics), Segrest, K&H Pet Products, Arden, DMC, Life Sciences, Interpet, General Pet and Pet Distribution. These businesses are engaged in the manufacture, purchase, sale and delivery of internally and externally produced pet supplies, animal health and insect controls, aquariums, books, dog treats and food, as well as live fish and small animals principally to independent pet distributors, big-box retailers, regional retailer chains, eCommerce retailers, grocery stores and mass merchants. The Garden segment consists of Grass Seed, Bird Feed, Chemicals and Fertilizers, Excel Marketing, Gulfstream, Cedarworks, Bell Nursery, Hopewell Nursery, DMO, Green Garden, D&D Commodities and Garden Distribution. Products manufactured, designed and sourced, or distributed include products found typically in the lawn and garden sections of mass merchandisers, warehouse-type clubs, home improvement centers and nurseries and include live plants; grass, vegetable, flower and herb seed; wild bird feed, bird houses and other birding accessories; terra-cotta pottery; herbicides, pesticides and insecticides. These products are sold directly to national and regional retail chains, independent garden distributors, online retailers, grocery stores, nurseries and garden supply retailers.
The Corporate division includes expenses associated with corporate functions and projects, certain employee benefits, interest income, interest expense and inter-segment eliminations.
The following table indicates each class of similar products which represented approximately 10% or more of the Company’s consolidated net sales in the fiscal years presented (in millions).
Category202420232022
(in millions)
Other garden products$802.6 $832.2 $865.3 
Other pet products701.4 699.4 765.9 
Other manufacturers' products735.9734.9730.2 
Dog & cat products534.2568.6 542.9 
Wild bird426.4475.0 434.3 
Total$3,200.5 $3,310.1 $3,338.6 
See Note 4 – Concentration of Credit Risk and Significant Customers and Suppliers for the Company’s largest customers by segment.
Financial information relating to the Company’s business segments for each of the three most recent fiscal years is presented in the table below:
 Fiscal Year Ended
 September 28, 2024 September 30, 2023 September 24, 2022
(in thousands)
Net sales:
Pet segment$1,832,744   $1,877,177   $1,878,110 
Garden segment1,367,716   1,432,906   1,460,478 
Total$3,200,460   $3,310,083   $3,338,588 
Operating income (loss):
Pet segment$203,425 $198,004 $208,924 
Garden segment81,893   123,455 153,956 
Corporate(99,931)(110,813)(102,844)
Total185,387 210,646 260,036 
Interest expense(57,527)(57,025)(58,253)
Interest income19,655   7,362   719 
Other income (expense), net(5,090)1,462 (3,596)
Income before income taxes and noncontrolling interest142,425   162,445   198,906 
Income tax expense 33,112   36,348   46,234 
Net income including noncontrolling interest109,313   126,097   152,672 
Net income attributable to noncontrolling interest1,330   454   520 
Net income attributable to Central Garden & Pet Company$107,983   $125,643   $152,152 
Assets:
Pet segment$955,000   $944,359   $1,069,167 
Garden segment1,272,033   1,349,426   1,405,802 
Corporate and eliminations1,326,406   1,084,863   807,033 
Total$3,553,439   $3,378,648   $3,282,002 
Depreciation and amortization:
Pet segment$43,642   $41,126   $38,960 
Garden segment44,403   43,375   36,583 
Corporate2,762   3,199   5,405 
Total$90,807   $87,700   $80,948 
Expenditures for long-lived assets:
Pet segment$27,757   $33,515   $46,917 
Garden segment17,307   19,109   65,126 
Corporate1,600   1,342   3,162 
Total$46,664   $53,966   $115,205 
Noncontrolling interest is associated with the Garden segment.