Record Earnings Per Share
The company reported record Q3 and year-to-date GAAP and non-GAAP earnings per share, with non-GAAP EPS rising 18% to $1.56.
Margin Expansion
Gross margin expanded by 280 basis points to 34.6%, and non-GAAP operating margin increased by 170 basis points to 14.5%.
Cost and Simplicity Program Success
The program continues to deliver measurable impact, including consolidation of distribution centers, footprint optimization, and streamlined operations.
Strong Garden Segment Performance
Non-GAAP operating income for the Garden segment rose to $85 million, with operating margin expanding by 310 basis points to 18.2%.
E-commerce and Innovation Growth
E-commerce remains a significant channel, and the company is seeing early momentum from product innovations such as Zilla Turtle Sticks and Aqueon SMART LED Lights.