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 Company (NASDAQ: CENT, CENTA) reported a 24% increase in net sales to $1,037 million for the fiscal 2021 third quarter ended June 26, 2021, driven by acquisitions and 9% organic growth. Net income rose 11% to $76 million, with diluted EPS up 8% to $1.37. However, gross margin declined to 30.9% due to purchase accounting and cost inflation. The company raised its fiscal 2021 GAAP EPS outlook to at least $2.45 from the previous $2.25. Operations generated $299 million in cash, and total debt increased to $1,184 million.
Central Garden & Pet (NASDAQ: CENT, CENTA) will report its financial results for the third quarter of fiscal 2021 on August 4, 2021, after market close. A conference call will occur the same day at 4:30 p.m. ET to discuss these results and provide a business update. In 2020, Central generated net sales of $2.7 billion and boasts a diverse portfolio of over 65 brands. The company is committed to enhancing the quality of life in homes through its innovative pet and garden products.
Central Garden & Pet (NASDAQ: CENT, CENTA) has acquired D&D Commodities Ltd., a premium bird feed provider headquartered in Minnesota. This acquisition aims to enhance Central's bird feed portfolio and strengthen relationships with major retailers. D&D, established in 1987, contributes notable brands like 3D and Wild Delight, and is recognized for innovative, chemical-free bird feed. The transaction, finalized on June 30, supports Central's Central to Home strategy, which aims to scale within the pet and garden industries. Further details are expected in the upcoming Q3 earnings call.
Central Garden & Pet (Nasdaq: CENT, CENTA) expands its Comfort Zone brand with the launch of the Opticalm™ diffuser. This innovative product offers a sleek design, allowing for optimal outlet use while releasing calming pheromones that help cats feel secure and relaxed. Developed through consumer feedback, the diffuser aims to address stress in cats during life changes. Comfort Zone's drug-free solutions are now available at major retailers, enhancing pet wellbeing and encouraging positive behavior.
Central Garden & Pet Company (NASDAQ: CENT, CENTA) announced that CFO Niko Lahanas will present at the RBC Capital Markets Global Consumer & Retail Conference on June 2 at 3:20 PM ET. The presentation will be available for live viewing and replay on the company’s investor relations website. With over 40 years in the garden and pet industries, Central reported net sales of $2.7 billion in 2020, offering more than 65 trusted brands including Pennington, Nylabone, and Amdro.
Nylabone, a subsidiary of Central Garden & Pet Company (Nasdaq: CENT, CENTA), donated $20,000 worth of pet supplies to a local pet food drive in Neptune City, organized by Councilwoman Danielle Pappas and the local police. This donation aimed to support households affected by COVID-19. Nylabone's contribution aligns with Central's philanthropic efforts, focusing on community health and animal welfare through initiatives like Nylabone Cares, which supports non-profit animal organizations and educates pet owners.
Central Garden & Pet (Nasdaq: CENT, CENTA) is resuming its popular Bark at the Park events after a hiatus due to COVID-19. This year’s activities feature pre-game events, photo ops, and a “Best of Show” contest, with free product samples from Nylabone and Kroger. The program also supports the Animal Rescue Foundation's Pets and Vets initiative, aiding veterans with PTSD. Events will occur at MLB games featuring teams like the Atlanta Braves and Cincinnati Reds. Central Garden & Pet generated $2.7 billion in net sales in 2020 and aims to enhance pet and garden industries.
Central Garden & Pet Company (NASDAQ: CENT, CENTA) announced record financial results for Q2 fiscal 2021, with net sales reaching $935 million, a 33% increase from $703 million a year prior. Organic sales surged by 23%, supported by recent acquisitions contributing $76 million. Operating income grew by 58% to $105 million, and net income jumped 71% to $73 million. The company has raised its annual EPS guidance to $2.25 or above, up from $1.90, factoring in strong first-half performance, investments, and anticipated headwinds. Total debt rose to $979 million, while cash reserves fell to $40 million.
Central Garden & Pet Company (NASDAQ: CENT, CENTA) will release its financial results for Q2 fiscal 2021 on May 5, 2021, after trading closes. A conference call will follow at 4:30 p.m. ET. Central reported 2020 net sales of $2.7 billion and aims to lead the pet and garden industries. With over 65 brands like Pennington and Nylabone, the company has a strong manufacturing presence and a dedicated workforce of over 6,300 employees across North America and Europe.
Profitero, a global eCommerce insights platform, has partnered with Central Garden & Pet (NASDAQ: CENT, CENTA) to enhance its eCommerce capabilities. This partnership will provide Central a comprehensive view of its online business across eight retail partners, leveraging Profitero’s analytics for improved digital strategy. Central reported $2.7 billion in net sales for 2020, aiming to capitalize on the booming eCommerce sector, particularly in the Garden and Pet industries, which are growing rapidly. The collaboration aims to optimize retail media campaigns and increase consumer engagement.
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