Segment Information (Tables)

6 Months Ended

Mar. 25, 2023

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				Six Months Ended
	March 25, 2023		March 26, 2022		March 25, 2023		March 26, 2022
	(in thousands)
Net sales:
Pet segment	$	475,203	$	497,640	$	891,023	$	933,642
Garden segment	433,801		456,730		$	645,644	682,126
Total net sales	$	909,004	$	954,370	$	1,536,667	$	1,615,768
Operating income (loss)
Pet segment	55,255		60,645		94,810		105,896
Garden segment	49,619		70,511		38,799		76,568
Corporate	(26,833)		(24,311)		(55,162)		(49,405)
Total operating income	78,041		106,845		78,447		133,059
Interest expense - net	(14,690)		(14,702)		(28,466)		(29,110)
Other income (expense)	595		(369)		2,294		(578)
Income tax expense	15,268		21,488		12,446		23,889
Income including noncontrolling interest	48,678		70,286		39,829		79,482
Net income attributable to noncontrolling interest	563		573		147		760
Net income attributable to Central Garden & Pet Company	$	48,115	$	69,713	$	39,682	$	78,722
Depreciation and amortization:
Pet segment	$	10,474	$	9,539	$	20,586	$	19,088
Garden segment	10,818		7,719		21,660		17,339
Corporate	817		989		1,555		2,022
Total depreciation and amortization	$	22,109	$	18,247	$	43,801	$	38,449

 

	March 25, 2023		March 26, 2022		September 24, 2022
	(in thousands)
Assets:
Pet segment	$	1,058,549	$	1,101,814	$	1,069,167
Garden segment	1,620,907		1,634,158		1,405,802
Corporate	671,342		613,286		807,033
Total assets	$	3,350,798	$	3,349,258	$	3,282,002
Goodwill (included in corporate assets above):
Pet segment	$	277,067	$	277,067	$	277,067
Garden segment	269,369		234,906		269,369
Total goodwill	$	546,436	$	511,973	$	546,436

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

	Three Months Ended March 25, 2023						Six Months Ended March 25, 2023
	Pet Segment		Garden Segment		Total		Pet Segment		Garden Segment		Total
	(in millions)						(in millions)
Other pet products	$	194.1	$	—	$	194.1	$	333.6	$	—	$	333.6
Dog and cat products	126.7		—		126.7		260.8		—		260.8
Other manufacturers' products	103.0		95.7		198.7		206.4		141.8		348.2
Wild bird products	51.4		81.5		132.9		90.2		141.0		231.3
Other garden supplies	—		256.6		256.6		—		362.8		362.8
Total	$	475.2	$	433.8	$	909.0	$	891.0	$	645.6	$	1,536.7

	Three Months Ended March 26, 2022						Six Months Ended March 26, 2022
	Pet Segment		Garden Segment		Total		Pet Segment		Garden Segment		Total
	(in millions)						(in millions)
Other pet products	$	223.7	$	—	$	223.7	$	377.4	$	—	$	377.4
Dog and cat products	129.3		—		129.3		274.2		—		274.2
Other manufacturers' products	98.5		95.4		193.9		203.0		144.8		347.8
Wild bird products	46.1		72.8		118.9		79.0		127.5		206.5
Other garden supplies	—		288.5		288.5		—		409.8		409.8
Total	$	497.6	$	456.7	$	954.3	$	933.6	$	682.1	$	1,615.7