Gross margin decreased 50 basis points to 30.9%, largely due to initial inventory-related purchase accounting adjustments from our recent acquisitions, and to a lesser extent, from cost inflation headwinds, which were only partially offset by our pricing and net productivity efforts. Central Garden & Pet Company (NASDAQ: CENT) Q3 2021 Earnings Call Aug 4, 2021, 4:35 p.m. Welcome to Central Garden & Pet's Fiscal 2021 Third Quarter Earnings Call.