Central Garden & Pet Co Stock Price, News & Analysis

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.

Nylabone, a subsidiary of Central Garden & Pet (NASDAQ: CENT, CENTA), is partnering with the National Breast Cancer Foundation to launch a special chew toy for dogs. The pink Power Chew toy will contribute $1 to NBCF for each unit sold, supporting breast cancer awareness and education. This chew toy, designed for dogs over 50 pounds, promotes dental health and combats destructive behavior. Nylabone's initiative aligns with Central Garden & Pet's commitment to philanthropy, focusing on community health and well-being.

Central Garden & Pet Company (NASDAQ: CENT, CENTA) has appointed Lisa Coleman as a new director on its Board of Directors, effective September 26, 2021. With over 25 years of experience in talent management, Coleman brings expertise in executive coaching and leadership development. She has previously worked at Russell Reynolds Associates and Korn/Ferry International, among others. Bill Brown, Chairman of the Board, expressed confidence that her skills will support Central's long-term success in attracting and retaining talent.

Central Garden & Pet Company (NASDAQ: CENT, CENTA) reported a 24% increase in net sales to $1,037 million for the fiscal 2021 third quarter ended June 26, 2021, driven by acquisitions and 9% organic growth. Net income rose 11% to $76 million, with diluted EPS up 8% to $1.37. However, gross margin declined to 30.9% due to purchase accounting and cost inflation. The company raised its fiscal 2021 GAAP EPS outlook to at least $2.45 from the previous $2.25. Operations generated $299 million in cash, and total debt increased to $1,184 million.

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.