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Segment Information (Tables)

9 Months Ended

Jun. 29, 2024

Segment Reporting [Abstract]

Schedule of Financial Information Relating to Company's Business Segments

Financial information relating to the Company's business segments is presented in the table below.

 

						Three Months Ended												Nine Months Ended
						June 29, 2024						June 24, 2023						June 29, 2024						June 24, 2023
						(in thousands)
Net sales:
Pet segment						$	508,002					$	503,329					$	1,397,454					$	1,394,352
Garden segment						488,346						519,940						$	1,133,517					1,165,584
Total net sales						$	996,348					$	1,023,269					$	2,530,971					$	2,559,936
Operating income (loss)
Pet segment						83,068						59,969						189,115						154,779
Garden segment						62,519						88,088						110,699						126,887
Corporate						(29,651)						(25,227)						(82,019)						(80,389)
Total operating income						115,936						122,830						217,795						201,277
Interest expense - net						(10,216)						(13,134)						(31,396)						(41,600)
Other income						225						853						1,047						3,147
Income tax expense						25,468						27,000						43,733						39,446
Income including noncontrolling interest						80,477						83,549						143,713						123,378
Net income attributable to noncontrolling interest						753						423						1,572						570
Net income attributable to Central Garden & Pet Company						$	79,724					$	83,126					$	142,141					$	122,808
Depreciation and amortization:
Pet segment						$	10,979					$	10,060					$	32,901					$	30,647
Garden segment						11,008						10,823						33,028						32,483
Corporate						725						818						2,140						2,374
Total depreciation and amortization						$	22,712					$	21,701					$	68,069					$	65,504

 

						June 29, 2024						June 24, 2023						September 30, 2023
						(in thousands)
Assets:
Pet segment						$	994,546					$	1,009,606					$	944,359
Garden segment						1,412,015						1,473,774						1,349,426
Corporate						1,201,317						936,567						1,084,863
Total assets						$	3,607,878					$	3,419,947					$	3,378,648
Goodwill (included in corporate assets above):
Pet segment						$	277,067					$	277,067					$	277,067
Garden segment						269,369						269,369						269,369
Total goodwill						$	546,436					$	546,436					$	546,436

The tables below present the Company's disaggregated revenues by segment:

						Three Months Ended June 29, 2024																		Nine Months Ended June 29, 2024
						Pet Segment						Garden Segment						Total						Pet Segment						Garden Segment						Total
						(in millions)																		(in millions)
Other pet products						$	194.8					$	—					$	194.8					$	496.8					$	—					$	496.8
Dog and cat products						152.3						—						152.3						450.0						—						450.0
Other manufacturers' products						103.5						99.5						203.0						311.8						231.8						543.6
Wild bird products						57.4						73.9						131.3						138.9						190.5						329.4
Other garden supplies						—						314.9						314.9						—						711.2						711.2
Total						$	508.0					$	488.3					$	996.3					$	1,397.5					$	1,133.5					$	2,531.0

						Three Months Ended June 24, 2023																		Nine Months Ended June 24, 2023
						Pet Segment						Garden Segment						Total						Pet Segment						Garden Segment						Total
						(in millions)																		(in millions)
Other pet products						$	208.9					$	—					$	208.9					$	542.6					$	—					$	542.6
Dog and cat products						136.0						—						136.0						396.9						—						396.9
Other manufacturers' products						100.3						107.9						208.2						306.7						249.7						556.4
Wild bird products						58.1						81.5						139.6						148.2						222.6						370.8
Other garden supplies						—						330.5						330.5						—						693.3						693.3
Total						$	503.3					$	519.9					$	1,023.3					$	1,394.4					$	1,165.6					$	2,559.9

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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- References

No definition available.

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