Central Garden & Pet Co Stock Price, News & Analysis

Central Garden & Pet Company (NASDAQ: CENTA) reported a 2% increase in Q2 fiscal 2022 net sales to $954 million, with diluted GAAP EPS of $1.27. Sales growth was attributed to acquisitions, which contributed $52 million despite a 3.5% decline in organic net sales. Gross margin improved to 30.1%, and operating income rose to $107 million. However, net income decreased by 4% to $70 million. The company maintains its fiscal 2022 EPS guidance at $3.10 or better, acknowledging rising costs and normalization of consumer demand.

Central Garden & Pet Company (NASDAQ: CENT, CENTA) will announce its Q2 FY2022 financial results on May 4, 2022, after market close. The announcement will be followed by a conference call at 4:30 p.m. ET, featuring CEO Tim Cofer and CFO Niko Lahanas. The company reported net sales of $3.3 billion for fiscal 2021 and boasts a robust portfolio of over 65 brands. Central is committed to elevating living spaces through innovative products in the pet and garden sectors.

Ferry-Morse, a leading U.S. gardening seed company, has launched innovative digital tools to enhance the gardening experience. These include the Garden Matchmaker for personalized seed recommendations and the new Ferry-Morse Rewards Program offering points for purchases. Their Plantlings™ collection features over 100 varieties of nurtured plants, aimed at efficient gardening. The company emphasizes personalized support through its blog The Greenhouse, providing valuable gardening content. With a history dating back to 1856, Ferry-Morse remains dedicated to quality and sustainability.

Ferry-Morse, a leading home gardening seed company, is hosting its first annual Garden Get-Together on March 20, coinciding with the first day of spring. This virtual event, scheduled from 2:00 PM to 3:30 PM EDT, will feature renowned gardening influencers providing tips and demonstrations on gardening techniques. Ferry-Morse will also donate $5,000 to Big Green, supporting the Million Gardens Movement. Additionally, they are launching over 100 varieties of Plantlings, available for pre-order starting March 14.

Central Garden & Pet Company announces the appointment of Joyce McCarthy as General Counsel, effective April 4, 2022. She succeeds George Yuhas, who is retiring after 11 years. McCarthy brings extensive legal experience, previously serving as General Counsel for Ferrara Candy Company and holding various roles at Colgate-Palmolive. The company, based in Walnut Creek, California, reported $3.3 billion in net sales for fiscal 2021 and emphasizes a mission focused on the pet and garden industries.

Central Garden & Pet Company (NASDAQ: CENT, NASDAQ: CENTA) announced that CFO Niko Lahanas will present at the BofA Securities 2022 Consumer and Retail Technology Conference in New York City on March 8, 2022, at 10:30 a.m. ET. The event will be audiocast live, with a replay available on Central's website. Central, a leader in the garden and pet industries, reported $3.3 billion in net sales for fiscal 2021 and boasts over 65 brands, including Pennington and Nylabone, and has a strong distribution network across North America and Europe.

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.