Welcome to our dedicated page for Central Garden & Pet Co news (Ticker: CENT), a resource for investors and traders seeking the latest updates and insights on Central Garden & Pet Co stock.
Central Garden & Pet Company (NASDAQ: CENT, CENTA) is active in the pet and garden industries, and its news flow reflects both operational developments and brand-level initiatives. Company press releases highlight financial results, strategic projects, acquisitions and logistics investments, as well as updates from individual brands within its portfolio.
Investors following CENT news can see regular updates on quarterly and annual financial performance, including segment results for the Pet and Garden businesses and commentary on initiatives such as the multi-year Cost and Simplicity agenda and the Supply Network Design project. Central also issues news about its participation in investor conferences hosted by firms such as KeyBanc Capital Markets, Morgan Stanley and BofA Securities.
Brand-focused news includes announcements from portfolio brands like Nylabone, Kaytee and Arden. Examples include new product launches such as Nylabone chew toys made with real flavors, philanthropic efforts like Nylabone Cares donations to animal welfare organizations, and Kaytee’s launch of The Birder Hub to support backyard birding. Arden, an outdoor furnishings brand within the Central portfolio, has announced partnerships such as its collaboration with USA Curling and the introduction of heated stadium cushions.
Strategic and corporate news also covers acquisitions, such as Central’s purchase of the U.S. assets of Champion USA, a livestock health company specializing in cattle fly control. Operational updates, including the opening of a state-of-the-art fulfillment center in Salt Lake City, Utah, provide insight into Central’s logistics and supply chain strategy. For anyone tracking CENT stock, this news page offers a centralized view of financial, strategic and brand-related developments across the Central Garden & Pet platform.
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.
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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.
Kaytee, part of Central Garden & Pet (NASDAQ: CENT, CENTA), launches the #SmallinShow initiative to celebrate small pets. With over 16 million small pet enthusiasts, the campaign includes a virtual award show inviting pet owners to share stories and pictures of their small animal companions. The contest aims to highlight the personalities of small pets, culminating in the selection of three winners who will receive a year’s supply of Kaytee products. This initiative reinforces Kaytee's long-standing commitment of over 150 years to the well-being of small pets and their owners.
Central Garden & Pet Company (NASDAQ: CENT, CENTA) announced that CFO Niko Lahanas will present at the Oppenheimer 22nd Annual Consumer Growth & E-Commerce Conference on Tuesday, June 14, at 2:15 PM Eastern Time. The presentation will be accessible via live webcast and on-demand replay on the company's investor relations website at ir.central.com. Central Garden & Pet, based in Walnut Creek, California, generated $3.3 billion in net sales in fiscal 2021, offering over 65 brands in the pet and garden sectors.