Central Garden & Pet Co Stock Price, News & Analysis

Ferry-Morse, a historic gardening seed brand under Central Garden & Pet Company (NASDAQ: CENT, CENTA), has launched a new digital Q&A platform named 'Ask Our Gardening Community'. This free service connects gardeners with brand ambassadors who provide real-time advice and support. Designed to modernize the seed category, this initiative offers resources for novice and experienced gardeners, overcoming traditional seasonal limitations. Alongside this, Ferry-Morse has previously introduced tools like the Garden Matchmaker quiz and a customer Rewards Program that incentivizes purchases while promoting community engagement.

Central Garden & Pet's Four Paws® Wee-Wee® Eco Pads have been recognized among the “7 Best Eco-Friendly Puppy Training Pads of 2023” by Treehugger, a notable sustainability site. This recognition underscores the brand's commitment to environmentally friendly products. The Eco Pads feature a leak-proof liner made of 50% recycled materials and offer 24-hour protection without harmful chemicals. The production process emphasizes sustainability through the use of partial solar energy and recycled water. Available at retailers like Amazon and Petco, these pads align with Four Paws' mission to provide innovative, eco-conscious pet solutions.

Ferry-Morse, part of Central Garden & Pet (NASDAQ: CENT, CENTA), announced the launch of over 100 varieties of plants as well as more than 40 new Plantlings Garden Starter Kits in preparation for the spring planting season. These kits, retailing at $39.99, include 12 baby plants each and aim to simplify garden planning for enthusiasts. The new offerings feature curated assortments like the Mixology Herb & Fruit Kit and BBQ Herbs Kit, designed to inspire creativity in gardening. Orders for the kits begin on March 13, with shipping set to start in March through June 18. All plants are non-GMO and free from harmful chemicals.

Central Garden & Pet Company (NASDAQ: CENT, CENTA) announces the launch of four new innovative product lines from Nylabone, enhancing their chew toy and treat offerings. These include Power Chew Toy Shapes, Basted Blast Chew Toys, the Sneaky Snacker™ Chew & Treat Toy, and Healthy Edibles® Meaty Center Chew Treats. With over 65 years of experience, Nylabone continues to prioritize safe, satisfying chewing for dogs. The products will be available in Spring and are designed to engage dogs while promoting dental health.

Central Garden & Pet Company (NASDAQ: CENTA) reported fiscal 2023 Q1 net sales of $628 million, a decline of 5% from $661 million year-over-year. The company incurred a net loss of $8 million or $0.16 per share, compared to a net income of $9 million last year. The Garden segment faced significant challenges, with a 6% drop in sales. Operating income was just $0.4 million, down from $26 million a year prior. Despite these issues, Central maintains its fiscal 2023 EPS guidance of $2.60 to $2.80, supported by anticipated pricing actions and productivity initiatives.

Cadet, a prominent brand under Central Garden & Pet (NASDAQ: CENT), has launched a unique line of all-natural long-lasting chews named Bully Hide. Utilizing 35 years of expertise, these chews combine beef hide and bully sticks using a patent-pending technology, providing a digestible and affordable option for pet owners. The product line includes Bully Hide Rolls, Bully Hide Chews, and Bully Hide Sticks, made from grass-fed cattle. Cadet aims to meet the increasing demand for quality pet treats and is available at major retail outlets like Costco, Walmart, and Amazon.

Central Garden & Pet Company (NASDAQ: CENT, CENTA) will announce its first-quarter fiscal 2023 financial results on January 31, 2023, after trading ends. This will be followed by a conference call at 4:30 p.m. ET, featuring CEO Tim Cofer and CFO Niko Lahanas discussing results and providing a business update. The company achieved $3.3 billion in net sales for 2022, showcasing its leadership in the Pet and Garden industries with a portfolio of over 65 brands. Interested parties can access the conference call via phone or online.

Bell Nursery, a subsidiary of Central Garden & Pet (NASDAQ: CENT, CENTA), has been awarded Environmental Partner of the Year by The Home Depot for its commitment to sustainability. For over 25 years, Bell has supplied live goods to the retailer across 18 states. The partnership focuses on reducing environmental impact through initiatives like using 100% wind power at facilities, recycling millions of pounds of materials, and implementing efficient irrigation systems. With fiscal 2021 net sales of $3.3 billion, Central Garden & Pet continues to prioritize eco-friendly practices.