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Central Garden & Pet Co - CENTA STOCK NEWS

Welcome to our dedicated page for Central Garden & Pet Co news (Ticker: CENTA), a resource for investors and traders seeking the latest updates and insights on Central Garden & Pet Co stock.

Overview of Central Garden & Pet Co (CENTA)

Central Garden & Pet Co, headquartered in Walnut Creek, California, is a leading player in the garden and pet industries, offering innovative and trusted solutions that nurture happy and healthy homes. With over 40 years of experience, the company operates through two primary segments: the Pet Segment and the Garden Segment. This dual-segment approach allows Central to cater to diverse consumer needs, from pet care to lawn and garden maintenance, while maintaining a balanced and resilient business model.

Pet Segment

The Pet Segment provides a wide range of products aimed at enhancing the health and well-being of pets. Central's portfolio includes over 65 trusted brands such as Nylabone, Kaytee, Aqueon, and Barkworthies, which are recognized for their quality and innovation. These products span categories like pet food, treats, toys, aquatics, and small animal care. By addressing the holistic needs of pets, the company has established itself as a trusted partner for pet owners and retailers alike.

Garden Segment

The Garden Segment focuses on products that help lawns grow greener, gardens bloom bigger, and communities thrive. With brands like Pennington and Amdro, Central offers solutions ranging from grass seed and fertilizers to pest control and decorative outdoor products. The segment's emphasis on sustainability and innovation aligns with growing consumer demand for eco-friendly gardening solutions.

Operational Strengths

Central Garden & Pet Co's operational strengths lie in its robust manufacturing and distribution capabilities, supported by a passionate and entrepreneurial growth culture. The company's extensive network spans North America and Europe, enabling it to efficiently meet the needs of a diverse customer base. Its ability to innovate while maintaining the trustworthiness of its brands has been a cornerstone of its success.

Market Position and Competitive Landscape

Operating in the highly competitive garden and pet industries, Central faces competition from specialized companies and large retailers offering private-label products. However, its differentiation stems from its comprehensive brand portfolio, commitment to quality, and ability to adapt to market trends. By focusing on both pet and garden segments, the company mitigates risks associated with market fluctuations and positions itself as a versatile player in the industry.

Commitment to Sustainability and Innovation

Central Garden & Pet Co is committed to sustainability and innovation, recognizing the importance of these factors in today's market. Whether it's developing eco-friendly gardening products or creating healthier pet care solutions, the company continually strives to meet the evolving needs of its customers while contributing positively to the environment.

Conclusion

Central Garden & Pet Co (CENTA) stands out as a diversified and resilient company with a strong presence in the garden and pet industries. Its dual-segment strategy, extensive brand portfolio, and commitment to innovation and sustainability make it a key player in fostering healthier homes and communities. By leveraging its operational strengths and adapting to market trends, Central is well-positioned to continue its legacy of trust and quality.

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Ferry-Morse expands its USDA-certified Organic Seed offerings with over 100 varieties for the Spring planting season. The seeds are Non-GMO, Non-Neonic, and cater to organic-conscious gardeners. PlantlingsTM collection also returns, offering over 100 varieties of vegetable, herb, fruit, flower, and indoor baby plants for delivery starting in March.
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Cadet, a dog chew and treat brand under Central Garden & Pet portfolio (NASDAQ: CENT), is launching new rawhide alternatives and premium treats. The products include Chewalicious No Rawhide Chews, Chef’s Specialties Beef Hide Shish Kabobs, and Homestyle Jerky Turducken Recipe. These offerings aim to provide dogs with exciting flavors, textures, and premium ingredients, ensuring a rewarding experience for pet parents.
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Ferry-Morse, a renowned gardening seed brand in the US under Central Garden & Pet Company, introduces the Colossal Collection this spring. The collection features seed varieties that produce vegetables double the average size, promising enhanced flavor and value for home gardeners. The launch includes five unique produce varieties, such as the Big Dill Cucumber and Super Nacho Jalapeño Peppers, offering gardeners the opportunity to grow impressive crops. Ferry-Morse provides online tools like the Garden Matchmaker Quiz for personalized seed recommendations, catering to all gardening enthusiasts.
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Central Garden & Pet Company (NASDAQ: CENTA) reported fiscal 2024 Q1 net sales of $635 million, with earnings per share of $0.01. The company maintained its outlook for fiscal 2024 non-GAAP EPS of $2.50 or better. The Pet segment saw a decrease in net sales, while the Garden segment experienced an increase. Central's cash balance at the end of the quarter was $341 million, with total debt at $1.2 billion.
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Nylabone, a brand under Central Garden & Pet, is expanding its chew toy product lines with new shapes and flavors. The additions include gourmet style chew toys with bold flavors like Aged Cheddar and Baby Back Ribs, as well as new shapes inspired by everyday objects. The products cater to dogs' natural chewing instincts and will be available in spring 2024.
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Central Garden & Pet Company (NASDAQ: CENTA) will announce its fiscal 2024 first quarter results on February 7, 2024. The conference call will be hosted by Beth Springer, Interim CEO, and Niko Lahanas, CFO, to discuss the results and provide a general business update.
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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® (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 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 (CENT, CENTA) Donates Nearly $1,000,000 in Chew Toys, Treats, and Monetary Contributions to Animal Welfare Groups in 2023
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FAQ

What is the current stock price of Central Garden & Pet Co (CENTA)?

The current stock price of Central Garden & Pet Co (CENTA) is $30.95 as of March 3, 2025.

What is the market cap of Central Garden & Pet Co (CENTA)?

The market cap of Central Garden & Pet Co (CENTA) is approximately 2.1B.

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

Central Garden & Pet Co operates through two primary segments: the Pet Segment and the Garden Segment, catering to diverse consumer needs.

How does Central Garden & Pet Co generate revenue?

The company generates revenue through the sale of pet care and garden products under its extensive portfolio of over 65 trusted brands.

What differentiates Central Garden & Pet Co from its competitors?

Central's differentiation lies in its dual-segment strategy, comprehensive brand portfolio, manufacturing capabilities, and commitment to sustainability and innovation.

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

Key brands include Nylabone, Kaytee, Aqueon, Pennington, and Amdro, known for their quality and innovation in pet care and gardening.

Where is Central Garden & Pet Co headquartered?

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

How does Central Garden & Pet Co address sustainability?

The company focuses on eco-friendly gardening products and healthier pet care solutions, aligning with consumer demand for sustainable practices.

What types of products are offered in the Garden Segment?

The Garden Segment includes products like grass seed, fertilizers, pest control solutions, and decorative outdoor items.

What is the significance of Central's dual-segment strategy?

The dual-segment strategy allows Central to diversify its revenue streams, mitigate risks, and cater to both pet care and gardening markets effectively.

What challenges does Central Garden & Pet Co face in its market?

Challenges include competition from specialized companies and private-label products, as well as the need to continually innovate to meet consumer expectations.

How does Central Garden & Pet Co ensure the quality of its products?

The company leverages its robust manufacturing and distribution capabilities, alongside a commitment to maintaining the trustworthiness of its brands.
Central Garden & Pet Co

Nasdaq:CENTA

CENTA Rankings

CENTA Stock Data

2.06B
60.16M
2.34%
93.74%
1.23%
Packaged Foods
Wholesale-miscellaneous Nondurable Goods
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United States
WALNUT CREEK