Segment Information

3 Months Ended

Dec. 30, 2023

Segment Reporting [Abstract]

Segment Information

Segment Information

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

 

	Three Months Ended
	December 30, 2023		December 24, 2022
	(in thousands)
Net sales:
Pet segment	$	409,222	$	415,820
Garden segment	225,311		211,843
Total net sales	$	634,533	$	627,663
Operating income (loss)
Pet segment	43,388		39,555
Garden segment	(8,886)		(10,820)
Corporate	(26,090)		(28,329)
Total operating income	8,412		406
Interest expense - net	(9,707)		(13,776)
Other income	993		1,699
Income tax benefit	(869)		(2,822)
Income (loss) including noncontrolling interest	567		(8,849)
Net income (loss) attributable to noncontrolling interest	137		(416)
Net income (loss) attributable to Central Garden & Pet Company	$	430	$	(8,433)
Depreciation and amortization:
Pet segment	$	10,798	$	10,112
Garden segment	11,006		10,842
Corporate	741		738
Total depreciation and amortization	$	22,545	$	21,692

 

	December 30, 2023		December 24, 2022		September 30, 2023
	(in thousands)
Assets:
Pet segment	$	1,010,988	$	1,041,944	$	944,359
Garden segment	1,432,258		1,472,102		1,349,426
Corporate	979,088		715,023		1,084,863
Total assets	$	3,422,334	$	3,229,069	$	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 presents the Company's disaggregated revenues by segment:

	Three Months Ended December 30, 2023
	Pet Segment		Garden Segment		Total
	(in millions)
Other pet products	$	127.7	$	—	$	127.7
Dog and cat products	145.3		—		145.3
Other manufacturers' products	100.3		46.6		146.9
Wild bird products	35.9		50.8		86.7
Other garden supplies	—		127.9		127.9
Total	$	409.2	$	225.3	$	634.5

	Three Months Ended December 24, 2022
	Pet Segment		Garden Segment		Total
	(in millions)
Other pet products	$	139.5	$	—	$	139.5
Dog and cat products	134.2		—		134.2
Other manufacturers' products	103.4		46.0		149.4
Wild bird products	38.7		59.5		98.3
Other garden supplies	—		106.3		106.3
Total	$	415.8	$	211.8	$	627.7