Central Garden and Pet Co - CENT STOCK NEWS

Central Garden & Pet Company (NASDAQ: CENT, CENTA) reported a 12% increase in net sales to $661 million for Q1 fiscal 2022, supported by acquisitions. Diluted GAAP EPS grew by $0.06 to $0.16. The Garden segment saw a 45% sales increase, while Pet segment sales remained steady at $436 million. However, operating income declined by 3% to $26 million, impacted by inflation and increased investments. The company has a fiscal 2022 EPS guidance of $3.10 or better, considering rising commodity costs and shifting consumer demand patterns.

Central Garden & Pet Company (CENTA) will announce its financial results for the first quarter of fiscal 2022, ending December 25, 2021, on February 2, 2022. A conference call will follow at 4:30 p.m. ET, featuring CEO Tim Cofer and CFO Niko Lahanas discussing these results. In fiscal 2021, Central reported net sales of $3.3 billion, demonstrating its strong position in the garden and pet industries backed by over 65 trusted brands and a committed workforce of over 7,000 employees across North America and Europe.

Central Garden & Pet's Ferry-Morse has launched a unique limited edition 'Break Up Gift Box' ahead of Valentine's Day, designed to help individuals cope with breakups. This innovative gift includes seven flower seed packets and a Jiffy Seed Starting Greenhouse Kit, packaged in a themed box featuring playful stickers and a gardening journal. Since 1856, Ferry-Morse has been a trusted name in gardening, offering quality seeds and gardening resources. The Break Up Gift Box is available for purchase on Ferry-Morse.com while supplies last, expanding the company's product offerings in a creative market niche.

Central Garden & Pet Company (NASDAQ: CENT, CENTA) has announced its 2022 Annual Meeting of Shareholders will be held virtually on February 8, 2022, at 10:30 a.m. Pacific Time. This decision prioritizes health due to the COVID-19 Omicron variant. Shareholders of record as of December 10, 2021, can attend the meeting online via a specific link and must use their unique voting control number. The company emphasizes the importance of submitting proxies in advance. In fiscal 2021, Central reported net sales of $3.3 billion and boasts a portfolio of over 65 brands.

Central Garden & Pet (NASDAQ: CENT, CENTA) reported a 23% increase in fiscal 2021 net sales, reaching $3.3 billion, driven by acquisitions and organic growth in Garden and Pet segments. Diluted EPS grew 25% to $2.75. For fiscal 2022, the company anticipates GAAP EPS of $3.10 or better, despite inflationary pressures and supply chain issues. Net income climbed 26% to $152 million, while adjusted EBITDA rose 30% to $329 million. However, the fourth quarter showed a net loss of $3 million, contrasting previous year’s profits.

Central Garden & Pet Company (NASDAQ: CENT, CENTA) will announce its fourth quarter and fiscal year 2021 financial results on November 22, 2021, after market close. A conference call is scheduled for 4:30 p.m. ET to discuss the results and general business updates. For 2020, Central reported $2.7 billion in net sales and has over 65 trusted brands. The company is headquartered in Walnut Creek, California, and employs approximately 7,000 people across North America and Europe.

Nylabone, a subsidiary of Central Garden & Pet (NASDAQ: CENT, CENTA), is partnering with the National Breast Cancer Foundation to launch a special chew toy for dogs. The pink Power Chew toy will contribute $1 to NBCF for each unit sold, supporting breast cancer awareness and education. This chew toy, designed for dogs over 50 pounds, promotes dental health and combats destructive behavior. Nylabone's initiative aligns with Central Garden & Pet's commitment to philanthropy, focusing on community health and well-being.

Central Garden & Pet Company (NASDAQ: CENT, CENTA) has appointed Lisa Coleman as a new director on its Board of Directors, effective September 26, 2021. With over 25 years of experience in talent management, Coleman brings expertise in executive coaching and leadership development. She has previously worked at Russell Reynolds Associates and Korn/Ferry International, among others. Bill Brown, Chairman of the Board, expressed confidence that her skills will support Central's long-term success in attracting and retaining talent.