Welcome to our dedicated page for Central Garden and Pet news (Ticker: CENT), a resource for investors and traders seeking the latest updates and insights on Central Garden and Pet stock.
Central Garden & Pet Company reports developments in its Pet and Garden consumer-products businesses, including operating results, brand launches, distribution initiatives and investor communications. The company sells pet care, animal health, equine, aquatics, lawn, garden, wild bird, pest-control, seed and fertilizer products through retail, e-commerce, independent-store and professional channels.
Recurring company news includes updates tied to brands such as Nylabone, Farnam, Pennington, Ferry-Morse, Amdro, Aqueon, Kaytee and Sevin. Coverage also reflects product innovation in dog chews, equine fly control, do-it-yourself pest control, garden inputs and the company’s manufacturing, logistics and North American distribution activities.
Central Garden & Pet (NASDAQ: CENT, CENTA) will report its financial results for the third quarter of fiscal 2021 on August 4, 2021, after market close. A conference call will occur the same day at 4:30 p.m. ET to discuss these results and provide a business update. In 2020, Central generated net sales of $2.7 billion and boasts a diverse portfolio of over 65 brands. The company is committed to enhancing the quality of life in homes through its innovative pet and garden products.
Central Garden & Pet (NASDAQ: CENT, CENTA) has acquired D&D Commodities Ltd., a premium bird feed provider headquartered in Minnesota. This acquisition aims to enhance Central's bird feed portfolio and strengthen relationships with major retailers. D&D, established in 1987, contributes notable brands like 3D and Wild Delight, and is recognized for innovative, chemical-free bird feed. The transaction, finalized on June 30, supports Central's Central to Home strategy, which aims to scale within the pet and garden industries. Further details are expected in the upcoming Q3 earnings call.
Central Garden & Pet (Nasdaq: CENT, CENTA) expands its Comfort Zone brand with the launch of the Opticalm™ diffuser. This innovative product offers a sleek design, allowing for optimal outlet use while releasing calming pheromones that help cats feel secure and relaxed. Developed through consumer feedback, the diffuser aims to address stress in cats during life changes. Comfort Zone's drug-free solutions are now available at major retailers, enhancing pet wellbeing and encouraging positive behavior.
Central Garden & Pet Company (NASDAQ: CENT, CENTA) announced that CFO Niko Lahanas will present at the RBC Capital Markets Global Consumer & Retail Conference on June 2 at 3:20 PM ET. The presentation will be available for live viewing and replay on the company’s investor relations website. With over 40 years in the garden and pet industries, Central reported net sales of $2.7 billion in 2020, offering more than 65 trusted brands including Pennington, Nylabone, and Amdro.
Nylabone, a subsidiary of Central Garden & Pet Company (Nasdaq: CENT, CENTA), donated $20,000 worth of pet supplies to a local pet food drive in Neptune City, organized by Councilwoman Danielle Pappas and the local police. This donation aimed to support households affected by COVID-19. Nylabone's contribution aligns with Central's philanthropic efforts, focusing on community health and animal welfare through initiatives like Nylabone Cares, which supports non-profit animal organizations and educates pet owners.
Central Garden & Pet (Nasdaq: CENT, CENTA) is resuming its popular Bark at the Park events after a hiatus due to COVID-19. This year’s activities feature pre-game events, photo ops, and a “Best of Show” contest, with free product samples from Nylabone and Kroger. The program also supports the Animal Rescue Foundation's Pets and Vets initiative, aiding veterans with PTSD. Events will occur at MLB games featuring teams like the Atlanta Braves and Cincinnati Reds. Central Garden & Pet generated $2.7 billion in net sales in 2020 and aims to enhance pet and garden industries.
Central Garden & Pet Company (NASDAQ: CENT, CENTA) announced record financial results for Q2 fiscal 2021, with net sales reaching $935 million, a 33% increase from $703 million a year prior. Organic sales surged by 23%, supported by recent acquisitions contributing $76 million. Operating income grew by 58% to $105 million, and net income jumped 71% to $73 million. The company has raised its annual EPS guidance to $2.25 or above, up from $1.90, factoring in strong first-half performance, investments, and anticipated headwinds. Total debt rose to $979 million, while cash reserves fell to $40 million.
Central Garden & Pet Company (NASDAQ: CENT, CENTA) will release its financial results for Q2 fiscal 2021 on May 5, 2021, after trading closes. A conference call will follow at 4:30 p.m. ET. Central reported 2020 net sales of $2.7 billion and aims to lead the pet and garden industries. With over 65 brands like Pennington and Nylabone, the company has a strong manufacturing presence and a dedicated workforce of over 6,300 employees across North America and Europe.
Profitero, a global eCommerce insights platform, has partnered with Central Garden & Pet (NASDAQ: CENT, CENTA) to enhance its eCommerce capabilities. This partnership will provide Central a comprehensive view of its online business across eight retail partners, leveraging Profitero’s analytics for improved digital strategy. Central reported $2.7 billion in net sales for 2020, aiming to capitalize on the booming eCommerce sector, particularly in the Garden and Pet industries, which are growing rapidly. The collaboration aims to optimize retail media campaigns and increase consumer engagement.
Central Garden & Pet Company (NASDAQ: CENT, CENTA) announced a private placement of $400 million senior notes due 2031 with a 4.125% interest rate. The offering is expected to close on April 30, 2021. Proceeds will be used to repay amounts under its senior secured revolving credit facility and for general corporate purposes. The notes will be guaranteed by Central's domestic restricted subsidiaries and are not registered under the Securities Act, limiting their offering to qualified institutional buyers.