Segment Information (Tables)

9 Months Ended

Jun. 24, 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				Nine Months Ended
	June 24, 2023		June 25, 2022		June 24, 2023		June 25, 2022
	(in thousands)
Net sales:
Pet segment	$	503,329	$	504,781	$	1,394,352	$	1,438,423
Garden segment	519,940		510,597		1,165,584		1,192,723
Total net sales	$	1,023,269	$	1,015,378	$	2,559,936	$	2,631,146
Operating income (loss)
Pet segment	59,969		62,616		154,779		168,512
Garden segment	88,088		75,564		126,887		152,132
Corporate	(25,227)		(24,101)		(80,389)		(73,506)
Total operating income	122,830		114,079		201,277		247,138
Interest expense - net	(13,134)		(14,335)		(41,600)		(43,445)
Other income (expense)	853		(759)		3,147		(1,337)
Income tax expense	27,000		23,430		39,446		47,319
Income including noncontrolling interest	83,549		75,555		123,378		155,037
Net income attributable to noncontrolling interest	423		135		570		895
Net income attributable to Central Garden & Pet Company	$	83,126	$	75,420	$	122,808	$	154,142
Depreciation and amortization:
Pet segment	$	10,060	$	9,791	$	30,647	$	28,879
Garden segment	10,823		9,118		32,483		26,457
Corporate	818		975		2,374		2,997
Total depreciation and amortization	$	21,701	$	19,884	$	65,504	$	58,333

 

	June 24, 2023		June 25, 2022		September 24, 2022
	(in thousands)
Assets:
Pet segment	$	1,009,606	$	1,098,886	$	1,069,167
Garden segment	1,473,774		1,498,856		1,405,802
Corporate	936,567		748,184		807,033
Total assets	$	3,419,947	$	3,345,926	$	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 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

	Three Months Ended June 25, 2022						Nine Months Ended June 25, 2022
	Pet Segment		Garden Segment		Total		Pet Segment		Garden Segment		Total
	(in millions)						(in millions)
Other pet products	$	233.3	$	—	$	233.3	$	610.5	$	—	$	610.5
Dog and cat products	122.5		—		122.5		396.7		—		396.7
Other manufacturers' products	102.4		112.7		215.1		305.5		257.5		563.0
Wild bird products	46.6		79.4		126.0		125.7		207.0		332.7
Other garden supplies	—		318.5		318.5		—		728.2		728.2
Total	$	504.8	$	510.6	$	1,015.4	$	1,438.4	$	1,192.7	$	2,631.1