Freight, labor costs trim Central Garden & Pet as stay-at-home demand soars — Panjiva
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Freight, labor costs trim Central Garden & Pet as stay-at-home demand soars

Cons. Discr. - Retailing 519 Earnings 759 Quote Watch 452 U.S. 5404

Central Garden & Pet (Central) reported a 22.7% year over year rise in FQ1’21 revenues (three months to Dec. 26), beating analysts’ estimates by 7.1 percentage points as growth from stay-at-home activities continued to soar. That’s likely continued in 2021 with U.S. seaborne imports linked to the firm having climbed 74.1% higher year over year in January. Yet, the firm “expects continued pressure on our supply chain, including outstripped capacity and labor shortages as well as increased costs for freight and raw materials” according to Central’...

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