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Central Garden & Pet Company CENT Non-cash lease expense

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Other financials

Income statement

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Revenue$906.2M+8.7%
Gross profit$299.6M+9.7%
Operating income$113.9M+22.1%
Net income$79.4M+24.8%
EPS (diluted)$1.28+30.6%

Balance sheet

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Cash & equivalents$669.4M+26.0%
Total debt$1.4B-0.4%
Total equity$1.7B+7.1%
Total assets$3.7B+3.2%

Cash flow

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Operating cash flow-$49.6M-5.9%
CapEx$10.5M-1.9%
Free cash flow-$60.1M-4.5%

Valuation

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Market cap$2.71B-4.7%
Enterprise value$3.46B-7.8%
P/E14.9×
P/S0.9×0.0×

Profitability

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Gross margin32.2%+2.0pp
Operating margin8.4%
Net margin5.7%
FCF margin8.9%-1.6pp

Returns & leverage

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Return on equity11.4%
Debt / equity0.9×-0.1×
Current ratio3.4×+0.1×

Where this comes from

Reported directly by Central Garden & Pet Company in its filing.

Tagged under the XBRL concept cent:LesseeOperatingAndFinanceLeasesNonCashLeaseExpense.

The official record: Central Garden & Pet Company’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Central Garden & Pet Company's non-cash lease expense?
Central Garden & Pet Company (CENT) reported non-cash lease expense of $14.46M in Q1 2026.
How has Central Garden & Pet Company's non-cash lease expense changed year-over-year?
Central Garden & Pet Company's non-cash lease expense decreased by 2.7% year-over-year, from $14.86M to $14.46M.
What is the long-term trend for Central Garden & Pet Company's non-cash lease expense?
Over 4 years (2021 to 2025), Central Garden & Pet Company's non-cash lease expense has grown at a 10.0% compound annual growth rate (CAGR), from $41.04M to $60.08M.
What does non-cash lease expense mean?
This represents the non-cash portion of lease expenses recognized in the income statement, reflecting the amortization of right-of-use assets. It is added back to net income in the cash flow statement because it does not involve an actual cash outflow during the period. Tracking this helps investors understand the underlying cash-generating capability of the business independent of accounting lease treatments.