Central Garden & Pet Co Stock Price, News & Analysis

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.

Central Garden & Pet's Ferry-Morse has launched a unique limited edition 'Break Up Gift Box' ahead of Valentine's Day, designed to help individuals cope with breakups. This innovative gift includes seven flower seed packets and a Jiffy Seed Starting Greenhouse Kit, packaged in a themed box featuring playful stickers and a gardening journal. Since 1856, Ferry-Morse has been a trusted name in gardening, offering quality seeds and gardening resources. The Break Up Gift Box is available for purchase on Ferry-Morse.com while supplies last, expanding the company's product offerings in a creative market niche.

Central Garden & Pet Company (NASDAQ: CENT, CENTA) has announced its 2022 Annual Meeting of Shareholders will be held virtually on February 8, 2022, at 10:30 a.m. Pacific Time. This decision prioritizes health due to the COVID-19 Omicron variant. Shareholders of record as of December 10, 2021, can attend the meeting online via a specific link and must use their unique voting control number. The company emphasizes the importance of submitting proxies in advance. In fiscal 2021, Central reported net sales of $3.3 billion and boasts a portfolio of over 65 brands.

Central Garden & Pet (NASDAQ: CENT, CENTA) reported a 23% increase in fiscal 2021 net sales, reaching $3.3 billion, driven by acquisitions and organic growth in Garden and Pet segments. Diluted EPS grew 25% to $2.75. For fiscal 2022, the company anticipates GAAP EPS of $3.10 or better, despite inflationary pressures and supply chain issues. Net income climbed 26% to $152 million, while adjusted EBITDA rose 30% to $329 million. However, the fourth quarter showed a net loss of $3 million, contrasting previous year’s profits.

Central Garden & Pet Company (NASDAQ: CENT, CENTA) will announce its fourth quarter and fiscal year 2021 financial results on November 22, 2021, after market close. A conference call is scheduled for 4:30 p.m. ET to discuss the results and general business updates. For 2020, Central reported $2.7 billion in net sales and has over 65 trusted brands. The company is headquartered in Walnut Creek, California, and employs approximately 7,000 people across North America and Europe.