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Central Garden and Pet Co - CENT STOCK NEWS

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.

News

Nylabone Earns Accreditation from Pet Sustainability Coalition

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Nylabone (NASDAQ: CENT, CENTA) has been certified as a Pet Sustainability Accredited Business by the Pet Sustainability Coalition (PSC). This accreditation recognizes Nylabone as a sustainably led and measured business that drives positive impact for pets, people, and the planet. Nylabone achieved this new level of accreditation after completing an assessment of its business operations, aligning with the United Nations’ Sustainable Development Goals for 2030. President and CEO Glen S. Axelrod emphasized the brand's commitment toward sustainable pet products and the impact of their actions on the Earth.
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Nylabone Donates Chew Toys to Eight Animal Organizations Through New Holiday Enrichment Program

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Nylabone® (NASDAQ: CENT, CENTA) donates 1,600 Strong Chew stuffable cone toys to animal welfare groups, valued at over $20,000, as part of the Holiday Enrichment program.
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Central Garden & Pet Announces Stock Dividend

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Central Garden & Pet Company (NASDAQ: CENT) announced a special dividend of one share of Class A Common Stock for every four outstanding shares of Common Stock, Class A Common Stock, and Class B Common Stock. The distribution aims to enhance liquidity and flexibility for growth objectives. The outstanding shares of Class A Common Stock will increase from approximately 41.1 million to approximately 54.6 million. Dividend shares of Class A Common Stock are expected to be distributed on February 8, 2024, to stockholders of record on January 8, 2024.
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Nylabone Gives Donations Valued at Over $900,000 to Animal Welfare Groups in 2023

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Nylabone (CENT, CENTA) Donates Nearly $1,000,000 in Chew Toys, Treats, and Monetary Contributions to Animal Welfare Groups in 2023
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Central Garden & Pet Announces Fourth Quarter and Fiscal Year 2023 Financial Results

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Central Garden & Pet Company (NASDAQ: CENT) (NASDAQ: CENTA) announced fiscal 2023 net sales of $3.3 billion, GAAP EPS of $2.35, and non-GAAP EPS of $2.59. Fiscal 2024 non-GAAP EPS is expected to be $2.50 or better. The company faced challenges due to evolving consumer behavior, unfavorable retailer inventory dynamics, high inflation, and extreme weather. Despite this, they achieved non-GAAP EPS within their guidance, turned inventories into cash, and generated record cash flow.
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Central Garden & Pet to Announce Fourth Quarter and Fiscal Year 2023 Financial Results

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Central Garden & Pet Company (NASDAQ: CENT) (NASDAQ: CENTA) will announce Q4 and fiscal year 2023 results on November 20, 2023. The company will hold a conference call to discuss the results and provide a business update.
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Nylabone Kicks Off Holiday Shopping Season with Gift Box Collections for Dogs

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Central Garden & Pet (NASDAQ: CENT, CENTA) subsidiary Nylabone introduces The Box, a gift box collection with durable chew toys and natural chew treats for dogs of different sizes. The Box is available for purchase on Amazon and Chewy, offering a variety of flavors, textures, and shapes to provide a fun, flavor-packed chewing adventure for dogs during the holiday season and beyond.
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Central Garden & Pet Acquires Pet Treat Company TDBBS

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Central Garden & Pet has acquired TDBBS, a provider of premium natural dog chews and treats. This acquisition will expand Central's portfolio and strengthen its eCommerce and digital capabilities. TDBBS offers a wide variety of natural, grain and gluten-free products that are low in fat and high in protein. They sell their products online direct-to-consumer and through various retailers.
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Central Garden & Pet Announces Appointment of Lead Independent Director, Beth Springer, as Interim Chief Executive Officer

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Tim Cofer departs Central Garden & Pet to join Keurig Dr Pepper as COO, will become CEO in Q2 2024. Central reaffirms fiscal 2023 non-GAAP EPS of $2.55 or better.
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Keurig Dr Pepper Appoints Veteran CPG Executive as Chief Operating Officer and Announces Plan for CEO Succession

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Tim Cofer joins Keurig Dr Pepper as COO, will become CEO in Q2 2024
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FAQ

What is the current stock price of Central Garden and Pet Co (CENT)?

The current stock price of Central Garden and Pet Co (CENT) is $40.04 as of December 20, 2024.

What is the market cap of Central Garden and Pet Co (CENT)?

The market cap of Central Garden and Pet Co (CENT) is approximately 2.7B.

What does Central Garden & Pet Co do?

Central Garden & Pet Co is a leading producer of branded products for the lawn and garden and pet supplies markets, known for innovation and quality.

Where is Central Garden & Pet Co based?

Central Garden & Pet Co is headquartered in Walnut Creek, California, with offices across North America and Europe.

What are the main segments of Central Garden & Pet Co?

The main segments of Central Garden & Pet Co are the Pet Segment and the Garden Segment.

What are some of the brands under Central Garden & Pet Co?

Some brands under Central Garden & Pet Co include Pennington, Nylabone, Kaytee, Amdro, and Aqueon.

How long has Central Garden & Pet Co been in business?

Central Garden & Pet Co has been nurturing happy and healthy homes for over forty years.

What is the foundation of Central Garden & Pet Co's success?

The foundation of Central Garden & Pet Co's success is its dedication to innovation, quality, and service.

What recent achievements has Central Garden & Pet Co announced?

Central Garden & Pet Co has recently expanded its market presence and product offerings, highlighting its ongoing projects and achievements.

Why is Central Garden & Pet Co significant?

Central Garden & Pet Co is significant for its role in enhancing outdoor living spaces and promoting healthy pet interactions through its high-quality products.

What is Central Garden & Pet Co's growth culture like?

Central Garden & Pet Co has a passionate, entrepreneurial growth culture that drives its innovation and market success.

How does Central Garden & Pet Co support communities?

Central Garden & Pet Co supports communities by providing products that help lawns grow greener, gardens bloom bigger, and pets live healthier.

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Central Garden and Pet Co

Nasdaq:CENT

CENT Rankings

#1734 Ranked by Market Cap
N/A Ranked by Dividends

CENT Stock Data

2.69B
62.52M
13.82%
119.36%
2.18%
Packaged Foods
Wholesale-miscellaneous Nondurable Goods
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United States of America
WALNUT CREEK