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 Co (CENT) delivers essential lawn, garden, and pet care innovations through its market-leading segments. This news hub provides investors and industry professionals with timely updates on corporate developments, financial disclosures, and product advancements.
Access official press releases covering quarterly earnings, manufacturing expansions, and brand initiatives alongside analysis of strategic partnerships. Our curated collection saves research time while ensuring compliance with financial reporting standards.
Key updates include garden segment innovations in sustainable landscaping solutions and pet division breakthroughs in animal nutrition. Track regulatory filings, leadership announcements, and distribution network enhancements through verified primary sources.
Bookmark this page for direct access to CENT's evolving story in the $20B pet and garden industries. Combine these updates with SEC filings and market analysis for informed decision-making.
Central Garden & Pet Company (NASDAQ: CENT, CENTA) will announce its Q2 fiscal 2023 financial results on May 3, 2023, after trading hours. The announcement follows the period ending March 25, 2023. A conference call will be hosted by CEO Tim Cofer and CFO Niko Lahanas at 4:30 PM ET. Central, based in Walnut Creek, California, reported $3.3 billion in net sales for 2022 and is dedicated to advancing the Pet and Garden industries with over 65 brands. The results will be available online, along with a replay of the conference call.
Pennington, a key brand under Central Garden & Pet Company (NASDAQ: CENT, CENTA), has unveiled a refreshed brand identity aimed at connecting with today's impact-conscious gardeners. This rebranding aligns with the growing trend among millennials seeking diverse and sustainable outdoor spaces, moving beyond traditional landscaping ideals.
Pennington’s new purpose, "Nurture the Roots You Put Down," emphasizes creativity and sustainability. The brand is also expanding its product line to include organic plant foods and high-quality plant seeds, reflecting customer interests.
Developed in collaboration with branding agency JKR, the new logo and vibrant packaging are designed to enhance product visibility, helping consumers easily find Pennington's offerings. The rebranding signifies a commitment to eco-friendly gardening solutions.
Central Garden & Pet Company (NASDAQ: CENT, CENTA) announced an expected fiscal 2023 EPS of $2.35 or better, with a projected second quarter EPS of approximately $0.90. The company's performance in the second quarter was adversely affected by poor spring weather, causing a late start to the garden season and lower retail inventory.
Despite these challenges, the Pet segment met expectations and gained market share. The company is implementing a cost and simplicity program to enhance margins and reduce complexity, with further details expected in their earnings call on May 3, 2023. The outlook reflects macroeconomic uncertainties, cost inflation, and evolving consumer behavior, while also noting that fiscal 2023 will include 53 weeks compared to 52 in 2022.
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