Timothy P. Cofer
is call. earnings fiscal we our perspective drive discuss performing the future I to Thank are and Today, good results, in will you afternoon, of Central QX Friederike, back for our everyone. and environment, second how half XXXX Niko current Thanks our joining the quarter and growth. approaching on how
get we most and onset recognize employees, it's moment last to COVID-XX. concerned little year, This how over consumers. that since a been serving take health to year of to I a a our about Before the of a into about safety and our we want and pandemic started, the customers protect the time month while were
that seeing look the As we hopeful we're are at a end I'm of light the at today, tunnel. where we
across to safe, role safely, in the safety standards. helping efforts all us vaccine in they will As our get rollouts back accelerate the to of play country, operate love. remains assisting frontline keep and things to colleagues The our company to offices, have important return we I'm the facilities optimistic maintained and and continuing diligently our conduct our business vigilant doing health and an
providing of vaccination mobile to employees. our our clinics manufacturing frontline hosted vaccines sites, have distribution and We hundreds larger at
as long of the open to for they remain useful. and hard to team entire And and vaccination as My and fully our facilities soon be or executive clinics teams, importantly, work continue manufacturing centers are fully to necessary will We are of these thanks will our distribution facilities all vaccinated. bring and I our operational.
fifth I'm both line. results, results, of delivered has the quarter on share the our pleased consecutive Now that the bottom and top record to Central to
our to have our strategy. delivery made reflection adapt team's a during a to rapidly of only environment, execute ability testament Home we the consistent to the Central not changing pandemic a Our but on and to is also progress
future pillars, supporting of you recent the made of lead the progress illustrate from across garden our to mission some all Let five and highlights me pet quarter industries. strategic share to with the our
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e-commerce two capability recently mentorship, employee program the Let and across heightened meaningful training me to we're diversity including our dedicated where have digital development, and We've strategy, we most development, briefly our highlight inclusion also impact on cross-functional introduced We've flywheel the can our leadership in areas recruiting, out areas. making a education. rolling organization. where focus progress
contributions recent organic sales some points partially basis, adjustments offset were XX% Gross increased acquisitions only to delivered our growth importantly, by aided XX.X%, and by which Operating provide as of inventory-related largely XX% margin inflation per over inorganic well Now, XX.X%, performance. to efforts. to year. from color operating accounting basis productivity $XXX QX we net by GAAP XX impact XXX of by from decreased $X.XX XX% headwinds as more Net initial on increase basis cost prior efficiencies EPS recent points increased million, acquisitions. of driven an to our a the driven on our and pricing our share and margin purchase
in half in Given and of the organic minute. more our EPS a details the our year, first are raising fiscal XXXX outlook we will share performance for Niko strong
added digitally savvy, offers the existing words more to X that demand an other are categories. also It's this across years with X%, is In million in drive were households and opportunities a households bodes continued additional our ownership growth of meaningful all pet This new in two pet the pet. translates to and pet XXXX owning new come. on it grew and Dog to more and approximately consumer cat one-third industry know younger, households important segments. owning in wellness. all well and the for pet concerned X%, strength health Now all few XX%. note the continues these to adoption of that up we over of Central for believe Pet, pets households We surge up
our XX% driven pet recovery And the the Shifting I driven in over by the XX% Garden, were dog the Our business outdoor across branded versus and X record pandemic. We're garden as since consumables households grew to gained and well cat, pleased small birds treats, We EBIT animals. in also for sales and dog as pet cushion and the with waste as share pet segment and fish, business. small live in our management, animal by mentioned prior lawn business, million earlier represents record the pet now and a aquatics. entered e-commerce supply quarter the of our of outbreak which we year, segment approximately sales. who the had distribution, category
growth these for of one-third industry. Gen Z were and future our about which suggests consumers, Importantly, millennials
Our fungicides sales. sales. our Garden of business controls Garden million Garden bird in And fertilizers, grass growth and distribution share business. seed added total and new our Hopewell, and business, acquisitions, fertilizers, the three in and represents our organic drove and e-commerce wild Green in gained now $XX X% We robust DoMyOwn,
to our our our ongoing capacity Garden Pet them Now where levels for a comments are put to service not and manufacturing demand The be. pressure on chain. yet and brands on heightened supply we continues few expect our
this XXXX in with are in capacity doubling directed we to out incremental pointed we strong Evidence area prior calls, versus continuing year, expenditures demand. expansion our prior of meet capacity. in of expenditures most automation we are As and manufacturing our the in fiscal the at commitment CAPEX is investing capital
continue to that environment, from Additionally, for face increases costs labor, inflationary and freight. operating resulted in pressures significant have key the we including COVID-XX the commodities,
offset an increased attention and agenda, pricing. on we how on pressures enterprise, can with inflationary the across net we our such, scale our leveraging As these focused productivity remain
focused our continuing the organic of executing in second towards capacity momentum specifically year, and integrating levels to significant QX XXXX another half that, outlook building great capacity driving With capability, beyond. areas; of who innovation, year. expansion to our and garden we let season consumer to me Finally, fuel organic growth drive fiscal improve and to excellence; it by improve our we're the in Niko, three delivering look Niko? results Pet; to fiscal fundamentals with marketing and second, share our turn and across over our in as the insights, service the and acquisitions first, more investing third, will for growth and details
