Central Garden & Pet Company

Central Garden & Pet Co. engages in the production and distribution of branded and private label products for the lawn, and garden and pet supplies markets. It operates through the following segments: Pets and Garden. The Pet segment includes dog and cat supplies such as dog treats and chews, toys, pet beds and grooming products, waste management and training pads, pet containment, supplies for aquatics, small animals, reptiles and pet birds including toys, cages and habitats, bedding, food and supplements, products for equine and livestock, animal and household health and insect control products, live fish and small animals as well as outdoor cushions. The Garden segment includes lawn and garden consumables such as grass, vegetable, flower and herb seed, wild bird feed, bird houses and other birding accessories, weed, grass, and other herbicides, insecticide and pesticide products, fertilizers and live plants. The company was founded by William E. Brown in 1980 and is headquartered in Walnut Creek, CA.

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Central Garden & Pet Company maintains EPS guidance amidst revenue challenges

Central Garden & Pet Company's Q1 performance reflects a mixed picture with revenue declines but a focus on strategic initiatives for growth and cost management.
While challenges like inflation and slowed M&A activity persist, the company's strengths in eCommerce, private label sales, and consumer engagement provide a foundation for future success.
Opportunities lie in finding growth avenues, leveraging consumer spending trends, and enhancing operational efficiency through ongoing improvement efforts.

Central Garden & Pet Company faces Q2 challenges, eyes growth opportunities

Central Garden & Pet Company navigated a challenging second quarter marked by weather-related sales declines in both segments. The company's focus on operational efficiency, margin expansion, and strategic acquisitions underscores a commitment to long-term growth. Despite near-term challenges, Central Garden & Pet Company remains optimistic about future opportunities in the pet and garden industries.

Central Garden & Pet Company achieves record Q3 earnings and eyes e-commerce growth and M&A opportunities

Central Garden & Pet Company's Q3 performance reflects a successful focus on cost management and operational efficiency, resulting in improved financial metrics. While facing challenges such as inventory destocking and segment-specific profit issues, the company is well-positioned to capitalize on opportunities in e-commerce growth and potential strategic acquisitions.

Central Garden & Pet Company reports strong Pet segment performance

Central Garden & Pet Company delivered strong performance in the Pet segment but faced challenges in the Garden segment. The company is focused on cost reduction, operational efficiency, and long-term growth despite a challenging retail environment.
Strategic acquisitions, inventory optimization efforts, and a cautious approach to planning for fiscal '24 highlight the company's proactive stance in navigating market conditions. Opportunities for growth through M&A and operational improvements are key focus areas.
Overall, Central Garden & Pet Company remains optimistic about the future, leveraging strengths in the Pet segment, addressing challenges in the Garden segment, and pursuing opportunities for growth and efficiency in a competitive market.

Central Garden & Pet Company reports Q1 growth and cost focus

Central Garden & Pet Company's Q1 performance showed resilience with a focus on simplifying operations and maintaining a steady outlook for fiscal '24. While facing challenges in certain segments, the company is leveraging strengths in cost management and market positioning to drive growth and efficiency.

Central Garden & Pet reports mixed Q2 results amid cost-saving focus

Central Garden & Pet Company's Q2 performance reflects a mixed outcome with strengths in certain segments and challenges in others.
The company's focus on cost reduction, efficiency, and strategic growth areas positions them well to navigate market challenges and capitalize on opportunities.
While facing headwinds like softness in pet adoptions and moderating inflation, Central Garden & Pet remains focused on driving profitability and operational excellence.

Central Garden & Pet reports resilient Q3 performance amid challenges

Central Garden & Pet Company delivered solid performance in Q3 2024, maintaining resilience amidst challenges.
The company's focus on cost reduction, operational simplification, and growth through M&A positions it for future success.
Challenges from unfavorable weather and sales declines are being addressed through strategic planning and operational improvements.
Opportunities in pet consumables and digital/e-commerce sectors offer avenues for future growth and market expansion.

Central Garden & Pet Company reports mixed Q4 performance and outlines growth strategies

Central Garden & Pet Company navigated through a challenging external environment in Q4 2024, focusing on operational efficiency and maintaining financial strength. While facing industry challenges, the company remains optimistic about growth opportunities and strategic initiatives.

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Central Garden & Pet Co. engages in the production and distribution of branded and private label products for the lawn, garden, and pet supplies markets. It operates through the Pet and Garden segments. The Pet segment focuses on dog and cat supplies such as dog treats and chews, toys, pet beds and containment, grooming products, waste management and training pads, supplies for aquatics, small animals, reptiles and pet birds including toys, cages and habitats, bedding, food and supplements, products for equine and livestock, animal and household health and insect control products, live fish and small animals as well as outdoor cushions. The Garden segment includes lawn and garden consumables such as grass, vegetable, flower and herb seed, wild bird feed, bird houses and other birding accessories, weed, grass, and other herbicides, insecticide and pesticide products, fertilizers, and live plants. The company was founded by William E. Brown in 1980 and is headquartered in Walnut Creek, CA.

Central Garden & Pet Company CENT is currently trading at a forward 12-month price-to-earnings (P/E) multiple of 18.43X, which positions it at a premium compared with the industry's average of 13.05X. The stock is also trading above its median P/E level of 16.62X, observed in the past year.

Central Garden & Pet Trades at a Premium: What's the Best Move Now?

CENT raises its stock repurchase authorization to $130 million, citing the belief that it is currently undervalued.

Central Garden & Pet Bumps Buyback Authorization: Key Factors to Note

WALNUT CREEK, Calif.--(BUSINESS WIRE)---- $CENT #BoardOfDirectors--Central Garden & Pet Announces Randal D. Lewis as New Director -- Randal D. Lewis Brings Decades of Experience in Consumer Products.

Central Garden & Pet Announces Randal D. Lewis as New Director

WALNUT CREEK, Calif.--(BUSINESS WIRE)---- $CENT #CentralToHome--Central Garden & Pet Announces Increase in Stock Repurchase Authorization.

Central Garden & Pet Announces Increase in Stock Repurchase Authorization

WALNUT CREEK, Calif.--(BUSINESS WIRE)---- $CENT #Garden--Central Garden & Pet Company (NASDAQ: CENT), (NASDAQ: CENTA), a market leader in the pet and garden industries, today announced that management will participate in the KeyBanc Capital Markets December Consumer Spotlight event being held virtually on December 12-13, 2024. Niko Lahanas, Chief Executive Officer, and Brad Smith, Chief Financial Officer, will participate in a fireside chat on Thursday, December 12, 2024, at 3:55 pm ET (12:55 pm PT). To list.

Central Garden & Pet to Participate in KeyBanc Capital Markets' Virtual December Consumer Spotlight

WALNUT CREEK, Calif.--(BUSINESS WIRE)--Comfort Zone Wants Singles to Swipe Right on a Cat Dad --- Cat Calming Brand Breaks Down Negative Stereotypes Just in Time for Cuffing Season 2025.

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NEPTUNE CITY, N.J.--(BUSINESS WIRE)---- $CENT #ChewToys--Nylabone, an iconic brand in the Central Garden & Pet portfolio (NASDAQ: CENT) (NASDAQ: CENTA), has donated chew toys and chew treats valued at over $1 million, along with monetary contributions, to animal welfare groups in 2024. The donations were made through the Nylabone Cares™ program, which is committed to supporting non-profit organizations in the United States and Canada. Throughout the year, Nylabone provided more than 100,000 durable chew toys a.

Nylabone Donates Over $1 Million in Dog Chew Toys and Chew Treats to Animal Welfare Groups in 2024

Central Garden & Pet's fiscal fourth-quarter results reflect a net sales decline of 11%. Nonetheless, the company has been containing costs and simplifying its portfolio.

CENT Posts Narrower-Than-Expected Q4 Loss, Sales Down 11% Y/Y

Central Garden & Pet Company (NASDAQ:CENT ) Q4 2024 Earnings Conference Call November 25, 2024 4:30 PM ET Company Participants Friederike Edelmann - Vice President, Investor Relations Niko Lahanas - Chief Executive Officer Brad Smith - Chief Financial Officer John Hanson - President, Pet Consumer Products J. D. Walker - President, Garden Consumer Products Conference Call Participants Bill Chappell - Truist Securities Brad Thomas - KeyBanc Capital Markets Jim Chartier - Monness, Crespi and Hardt Bob Labick - CJS Securities Brian McNamara - Canaccord Genuity Shovana Chowdhury - JPMorgan Carla Casella - JPMorgan William Reuter - Bank of America Mary Ann Neale - Barclays Operator Ladies and gentlemen, thank you for standing by.

Central Garden & Pet Company (CENT) Q4 2024 Earnings Call Transcript

Central Garden (CENT) came out with a quarterly loss of $0.18 per share versus the Zacks Consensus Estimate of a loss of $0.20. This compares to earnings of $0.08 per share a year ago.

Central Garden (CENT) Reports Q4 Loss, Misses Revenue Estimates

WALNUT CREEK, Calif.--(BUSINESS WIRE)---- $CENT #FinancialResults--Central Garden & Pet Company (NASDAQ: CENT) (NASDAQ: CENTA) ("Central"), a market leader in the pet and garden industries, today announced results for its fourth quarter and fiscal year ended September 28, 2024. "We have a lot to be proud of this year. We increased non-GAAP EPS, continued margin expansion, made significant progress on our Cost and Simplicity program, and achieved strong profits in our Pet segment and record cash flow for the company. W.

Central Garden & Pet Announces Fourth Quarter and Fiscal Year 2024 Financial Results

CENT's fourth-quarter earnings results are likely to indicate softness in the Pet segment owing to a decline in new pet adoptions.

Central Garden & Pet Company to Post Q4 Earnings: Key Factors to Watch

WALNUT CREEK, Calif.--(BUSINESS WIRE)---- $CENT #FinancialResults--Central Garden & Pet Company (NASDAQ: CENT) (NASDAQ: CENTA) (“Central”), a market leader in the pet and garden industries, will announce results for its fourth quarter and fiscal year ended September 28, 2024, after the close of trading on Monday, November 25, 2024. On that day, Central will hold a conference call at 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time), hosted by Niko Lahanas, CEO, and Brad Smith, CFO, to discuss these results and to provid.

Central Garden & Pet to Announce Fourth Quarter and Fiscal Year 2024 Financial Results

Central Garden (CENT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Central Garden (CENT) Q4 Earnings Expected to Decline

WALNUT CREEK, Calif.--(BUSINESS WIRE)---- $CENT #CentralImpact--Central Garden & Pet Company (NASDAQ: CENT) (NASDAQ: CENTA) (“Central”), a market leader in the pet and garden industries, released its Impact Report for the fiscal years 2022 and 2023 underscoring the company's commitment to protecting the planet, cultivating its communities and empowering its employees. The report highlights Central's work to advance the company's environmental, social and governance initiatives to support the growth and success of i.

Central Garden & Pet Releases 2022/2023 Impact Report

Central Garden & Pet Company reported a 3% YoY sales decline in 3Q24, with gross margins improving but operating and net incomes declining. The company's revenue outlook remains weak due to poor consumer sentiment, unfavorable weather, softer pet adoptions, and macroeconomic pressures. The Cost & Simplicity program has yet to significantly improve financials, with operating costs remaining elevated despite some margin improvements.

Central Garden & Pet Company: Generating Consistent And Sustainable FCF Across Different Economic Cycles

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Central Garden & Pet is grappling with sales declines in the Pet and Garden segments due to macroeconomic factors and adverse weather.

CENT Declines 23% From 52-Week High: Will the Stock Rebound?

WALNUT CREEK, Calif.--(BUSINESS WIRE)---- $CENT #Garden--Central Garden & Pet Appoints Niko Lahanas as CEO and Brad Smith as CFO.

Central Garden & Pet Appoints Niko Lahanas as CEO and Brad Smith as CFO

CENT is grappling with weak performance in its Pet and Garden segments, compounded by shifts in consumer demand.

Is Central Garden & Pet Stock Hold or Sell Post Q3 Earnings?

Central Garden & Pet Company is facing softness in new pet adoptions as well as lower foot traffic at home center retailers.

CENT Stock Declines 11% in 3 Months: Should You Buy, Hold or Sell?

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NEPTUNE CITY, N.J.--(BUSINESS WIRE)---- $CENT #ChewToys--Nylabone®, an iconic brand in the Central Garden & Pet portfolio (NASDAQ: CENT) (NASDAQ: CENTA) has been named a 2024-2025 Top Performer by the Pet Sustainability Coalition (PSC). This award recognizes the highest-achieving companies in the pet industry that are committed to social and environmental responsibility across all areas of their business. The Nylabone brand, which initially joined PSC as an Advocate member in 2022, earned accreditation in 2023.

Nylabone Named a 2024-2025 Top Performer by Pet Sustainability Coalition

Start Time: 16:30 January 1, 0000 5:23 PM ET Central Garden & Pet Company (NASDAQ:CENT ) Q3 2024 Earnings Conference Call August 07, 2024, 16:30 PM ET Company Participants Mary Beth Springer - Interim CEO Niko Lahanas - CFO J.D. Walker - President, Garden Consumer Products John Hanson - President, Pet Consumer Products Friederike Edelmann - VP, IR and Corporate Sustainability Conference Call Participants Brad Thomas - KeyBanc Capital Markets Bill Chappell - Truist Securities Jim Chartier - Monness, Crespi and Hardt Brian McNamara - Canaccord Genuity Shovana Chowdhury - JPMorgan William Reuter - Bank of America Carla Casella - JPMorgan Operator Ladies and gentlemen, thank you for standing by.

Central Garden & Pet Company (CENT) Q3 2024 Earnings Call Transcript

Central Garden & Pet's (CENT) third-quarter results reflect a net sales decline of 6.1% in the Garden segment. Nonetheless, the company has been containing costs and simplifying its portfolio.

News for Central Garden & Pet Company Stock (CENT)