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Sales decline at Central Garden & Pet
Central Garden & Pet anticipated lower quarterly results, and it got them.
The Walnut Creek, Calif.-based marketer and producer of branded products for the lawn and garden and pet supplies markets reported net sales of $494.1 million in the third quarter ended June 29, down 7% from the same quarter last year.
Net income was $13.7 million, down from $22.7 million in the same quarter last year.