Welcome to our dedicated page for Central Garden and Pet Co news (Ticker: CENT), a resource for investors and traders seeking the latest updates and insights on Central Garden and Pet Co stock.
Central Garden & Pet Co (symbol: CENT) is a leading innovator, marketer, and producer of quality branded products for both consumer and professional use in the lawn and garden, as well as pet supplies markets. For over forty years, Central Garden & Pet Co has been dedicated to helping consumers beautify their outdoor living spaces and fostering healthy relationships with their pets.
The company operates through two primary segments: the Pet Segment and the Garden Segment. Central Garden & Pet's extensive product portfolio includes over sixty-five trusted brands such as Pennington, Nylabone, Kaytee, Amdro, and Aqueon. These brands are known for their high-quality, innovative products aimed at promoting greener lawns, bigger blooms, healthier pets, and stronger communities.
Headquartered in Walnut Creek, California, Central Garden & Pet Co also boasts manufacturing and distribution facilities across North America and Europe. The company's commitment to innovation, quality, and service forms the foundation of its success, supported by a passionate team with an entrepreneurial growth mindset.
In recent news, Central Garden & Pet Co continues to expand its market presence and product offerings. Updates from its various brands and segments highlight ongoing projects and achievements, reinforcing the company's role as a leader in the lawn and garden and pet supplies markets.
Central Garden & Pet Co remains committed to nurturing happy and healthy homes, making it an essential player in the industry for consumers and professionals alike.
Central Garden & Pet (NASDAQ: CENTA) has announced support initiatives for animal welfare organizations in Los Angeles area affected by Southern California wildfires. The company has made both financial and in-kind contributions, including a $50,000 cash donation to LA County Animal Care & Control and Best Friends Animal Society.
Multiple business units have contributed to the relief effort: K&H donated hundreds of pet beds, while Nylabone/FourPaws/Paw Love provided training pads, dog toys, and chews. Central Pet Distribution contributed dog and cat food, with Central Supply Chain managing logistics for delivery of these supplies. The company's employees have also volunteered their time and resources to support ongoing relief efforts in wildfire-affected communities.
Nylabone, a Central Garden & Pet brand, marks its 70th anniversary with a significant sustainability initiative and packaging redesign. The new packaging embodies their motto 'Trusted Chew Toys with Heart and Purpose™' while substantially reducing environmental impact.
The brand is transitioning to recyclable paper materials and eliminating most plastic blister designs, resulting in a reduction of over 40 tons of plastic annually. This environmental commitment has earned Nylabone recognition as one of the Pet Sustainability Coalition Top Performers of 2024-2025.
The redesigned packaging features a heart motif symbolizing the bond between pets and owners, while providing clear guidance for pet parents to select appropriate chew toys. This initiative follows their 2024 packaging revamp for Healthy Edibles® and Nutri Dent® treats, which saved 37,000 pounds of paper. The new eco-friendly packaging will be available in spring 2025.
Central Garden & Pet (NASDAQ: CENT, CENTA) has appointed Randal D. Lewis to its Board of Directors, effective December 11, 2024. Lewis brings over 34 years of consumer products industry experience, including 17 years at Spectrum Brands Holdings. He most recently served as Spectrum's Executive Vice President and Chief Operating Officer until December 2022, overseeing all operating divisions. His previous roles included President of Spectrum's Global Consumer Division, managing Global Auto Care, Global Pet Care, and Home & Garden business units. Lewis holds a BS in mechanical engineering from the University of Illinois, Urbana-Champaign.
Central Garden & Pet (NASDAQ: CENT, CENTA) has announced its participation in the KeyBanc Capital Markets December Consumer Spotlight virtual event, scheduled for December 12-13, 2024. CEO Niko Lahanas and CFO Brad Smith will engage in a fireside chat on December 12, 2024, at 3:55 pm ET.
Interested parties can pre-register for the event through the provided MeetMax link. The fireside chat will be available as a webcast replay on Central's investor relations website after the conference. Management will also be available for one-on-one meetings during the event, which can be scheduled through KeyBanc representatives or by contacting Central's investor relations team.
Comfort Zone, a Central Garden & Pet brand, launches a campaign to challenge stereotypes about Cat Dads during cuffing season 2025. The initiative includes a -edition holiday gift box featuring a 2025 calendar and cat calming products. According to their survey, while almost 60% of women prefer dating dog owners over cat owners, and Cat Dads are viewed as 25% less attractive in dating profiles, these same women value qualities commonly associated with cat owners, such as being good listeners and kindhearted. The campaign aims to highlight how men who can create calming environments for cats might make better partners.
Nylabone, a brand under Central Garden & Pet (NASDAQ: CENT), has donated over $1 million worth of chew toys and treats to animal welfare groups in 2024 through its Nylabone Cares program. The company distributed more than 100,000 durable chew toys to over 750 organizations, including American Humane and ASPCA. The donations aim to promote healthy behavior in shelter animals and therapy dogs. Additionally, Nylabone provided 1,600 enrichment toys through their Holiday Enrichment program and made various charitable contributions, including supporting breast cancer research and military dog reunification efforts.
Central Garden & Pet reported fiscal 2024 financial results with net sales of $3.2 billion, down from $3.3 billion last year. GAAP EPS decreased to $1.62 from $1.88, while non-GAAP EPS improved to $2.13 from $2.07. The Pet segment sales were $1.83 billion (down 2%) and Garden segment sales were $1.37 billion (down 5%). Despite challenging conditions, the company achieved margin expansion and strong cash flow, with cash and equivalents reaching $754 million. For fiscal 2025, Central expects non-GAAP EPS of $2.20 or better.
Central Garden & Pet (NASDAQ: CENT, CENTA) has scheduled the announcement of its fourth quarter and fiscal year 2024 financial results for Monday, November 25, 2024, after market close. The company will host a conference call at 4:30 p.m. Eastern Time, featuring CEO Niko Lahanas and CFO Brad Smith, to discuss results and provide a business update. Investors can access the webcast and related materials at http://ir.central.com or join by phone at +1 (201) 689-8345.
Central Garden & Pet (NASDAQ: CENTA) has released its Impact Report for fiscal years 2022/2023, highlighting progress in sustainability initiatives. Key achievements include incorporating 33 million pounds of recycled materials in Kaytee bedding, saving 100 million gallons of water through drip irrigation, and reducing 19 metric tons of greenhouse gases through Wee Wee® pad compression. The company reported a 22% reduction in safety incidents in 2022 and 20% in 2023, while contributing $1.5 million in donations to various charitable organizations.
Central Garden & Pet Company (NASDAQ: CENT, CENTA) has announced key leadership changes effective September 29, 2024. Niko Lahanas, former CFO, has been appointed as the new Chief Executive Officer and will join the Board of Directors. Brad Smith, previously CFO of the Pet segment, will succeed Lahanas as the new Chief Financial Officer.
Lahanas, with nearly 18 years of experience at Central, replaces Beth Springer, who served as Interim CEO since October 2023. Springer will return to her role as Lead Independent Director. The company's founder and Chairman, Bill Brown, expressed confidence in Lahanas' ability to lead Central into its next growth phase, citing his instrumental role in setting strategic direction and driving performance as CFO since May 2017.
FAQ
What is the current stock price of Central Garden and Pet Co (CENT)?
What is the market cap of Central Garden and Pet Co (CENT)?
What does Central Garden & Pet Co do?
Where is Central Garden & Pet Co based?
What are the main segments of Central Garden & Pet Co?
What are some of the brands under Central Garden & Pet Co?
How long has Central Garden & Pet Co been in business?
What is the foundation of Central Garden & Pet Co's success?
What recent achievements has Central Garden & Pet Co announced?
Why is Central Garden & Pet Co significant?
What is Central Garden & Pet Co's growth culture like?
How does Central Garden & Pet Co support communities?
