Central Garden & Pet Company - CENTA STOCK NEWS

Central Garden & Pet Company (NASDAQ: CENT, CENTA) will announce its Q4 and fiscal year 2022 financial results on November 21, 2022, after trading closes. A conference call is scheduled for 4:30 p.m. ET to discuss these results. With 2021 net sales of $3.3 billion, Central focuses on pet and garden industries and offers over 65 leading brands. The company has a strong presence in North America and Europe, employing over 7,000 individuals.

Nylabone, part of Central Garden & Pet (NASDAQ: CENT, CENTA), is introducing a new collection of play toys aimed at enhancing the emotional, mental, and physical well-being of dogs. The Creative Play Toy line features innovative designs, varying materials, and a modern color palette, with six unique shapes set to launch in October 2022. Additionally, Nylabone will launch Imagination Nation™, an online platform offering play ideas and tips for pet parents. Nylabone aims to foster creativity in dog play and strengthen the bond between pets and their owners.

Nylabone, part of Central Garden & Pet (CENTA), has garnered national accolades for its Gourmet Style chew toys. These products, recognized as the "Chew Toy Product of the Year" at the 2022 Pet Independent Innovation Awards and a finalist in the Pet Product News Editors’ Choice Awards, are made with roasted flavor bits. The chew toys are available in three flavors: chicken, bacon, and peanut butter, catering to both adult dogs and puppies. Nylabone continues to lead in creating durable, flavorful pet products, further establishing its reputation in the pet industry.

Ferry-Morse, a prominent brand under Central Garden & Pet (NASDAQ: CENT, CENTA), has launched its Fall Plantlings Collection featuring 20 new varieties of vegetable, herb, flower, and indoor plants. These are available for delivery across North America until September 28. The collection includes larger Plantlings with established roots for successful growth in cooler weather. The brand has expanded its offerings by 75% since 2021, promoting year-round gardening enthusiasts to embrace seasonal gardening.

Central Garden & Pet Company (NASDAQ: CENT, CENTA) reported Q3 fiscal 2022 net sales of $1,015 million, a 2% decrease year-over-year due to soft garden segment performance. Diluted GAAP EPS rose by $0.02 to $1.39, outpacing the previous year. Despite weather impacts, the garden segment's operating income increased by 13%, driven by acquisitions. However, pet segment operating income fell 12% amidst inflationary pressures. The company maintains its fiscal 2022 EPS guidance to be at or above last year, acknowledging rising costs and shifting consumer demand.

Central Garden & Pet Company (NASDAQ: CENT, CENTA) will announce its fiscal 2022 Q3 financial results for the period ending June 25, 2022, on August 3, 2022, post-market close. The announcement will be followed by a conference call at 4:30 p.m. ET, hosted by CEO Tim Cofer and CFO Niko Lahanas, discussing the results and a general business update. The company's fiscal 2021 net sales were reported at $3.3 billion, showcasing its commitment to the Pet and Garden industries with over 65 trusted brands and a workforce exceeding 7,000 employees across North America and Europe.

Central Garden & Pet (NASDAQ: CENT) has launched GoodGood, a new pet wellness brand focused on enhancing the wellbeing of pets and their owners. The brand introduces a line of four dog supplements: Allergy + Immune Chews, Calming Chews, Hip + Joint Chews, and Skin + Coat Chews, each priced at $29.99. These products are made in the U.S. with premium ingredients and carry the NASC Quality Seal. The initiative aligns with Central's strategy to create beloved brands that cater to the interconnected wellness of humans and pets.

Central Garden & Pet Company (NASDAQ: CENT, CENTA) has revised its fiscal 2022 GAAP EPS guidance to be at or above last year’s $2.75, primarily due to challenges in the Garden segment. High inflation, geopolitical tensions, and poor weather have negatively impacted commodities and consumer demand, leading to a disappointing Garden season. Despite these setbacks, the company remains confident in its Central to Home strategy and plans for long-term growth in the Pet and Garden sectors, backed by investments in innovation and eCommerce.