Welcome to our dedicated page for Central Garden & Pet Co news (Ticker: CENTA), a resource for investors and traders seeking the latest updates and insights on Central Garden & Pet Co stock.
Central Garden & Pet Company (NASDAQ: CENT, CENTA) is active in the pet and garden industries, and its news flow reflects both corporate developments and brand-level initiatives. As a manufacturer with Pet and Garden segments, Central reports on topics ranging from financial results and logistics investments to product launches and acquisitions.
Investors following CENTA news can see updates on quarterly and annual financial performance, including earnings releases and outlook revisions that the company announces through press releases and related webcasts. Central also issues news about its participation in investor conferences, where senior management hosts fireside chats and meets with institutional investors.
Brand-focused news highlights activity across Central’s portfolio. For example, Nylabone has announced donations through its Nylabone Cares program and new chew toy collections, while Kaytee has introduced The Birder Hub as a digital destination for birding education. Arden Companies, part of the Central portfolio, has launched heated stadium cushions and partnerships such as its collaboration with USA Curling. Central has also reported on acquisitions, including the purchase of the U.S. assets of Champion USA and its JustiFLY cattle fly-control products.
Operational updates appear in news about Central’s logistics network, such as the opening of a state-of-the-art fulfillment center in Salt Lake City, Utah and the broader Supply Network Design project. For ongoing insight into how Central executes its strategy in the pet and garden sectors, readers can use this page to track CENTA news across earnings, operations, brand activity, and corporate transactions.
Pennington Seed, a major player in lawn and garden products and a subsidiary of Central Garden & Pet (NASDAQ: CENT, CENTA), announced the relaunch of its Smart Seed line, emphasizing drought resistance and user-friendliness. This initiative follows two years of research and aims to enhance germination rates and grass quality through a new fertilizer-enhanced seed coating. The updated product line includes various grass mixes and will be supported by a comprehensive marketing campaign, 'Smart That Never Fails,' to aid consumer awareness and usability.
Central Garden & Pet Company (NASDAQ: CENT, CENTA) has announced that CFO Niko Lahanas will present at the virtual BofA Securities 2021 Consumer and Retail Technology Conference on March 9, 2021, at 12:30 p.m. Eastern Time. Interested parties can access the live audiocast on Central's website. With over 40 years of experience, Central generated $2.7 billion in net sales in 2020 and is committed to enhancing the pet and garden industries through its innovative product portfolio, which includes over 65 trusted brands.
Central Garden & Pet Company (NASDAQ: CENT, CENTA) announced participation in virtual conferences. CFO Niko Lahanas will present at the J.P. Morgan Global High Yield & Leveraged Finance Conference on March 1, 2021, at 2:00 PM ET, with materials available on their website. He will also present at the Raymond James 42nd Annual Institutional Investors Conference on March 2, 2021, at 4:40 PM ET, which will include a live audiocast. The company reported $2.7 billion in net sales in 2020, showcasing a robust portfolio and commitment to the pet and garden industries.
Central Garden & Pet (NASDAQ: CENT, CENTA) announced the closure of its acquisition of Green Garden Products for $532 million, funded by cash reserves and credit facilities. Green Garden, based in Norton, Massachusetts, is a leading provider of seed packets and plant nutrients, distributing over 250 million seed packets annually. CEO Tim Cofer emphasized the strategic significance of this acquisition, which enhances Central's portfolio in the garden segment and allows for leveraging their merchandising and digital capabilities. The acquisition marks a key expansion into a complementary market.
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Central Garden & Pet Company (NASDAQ: CENT, CENTA) reported a strong fiscal 2021 Q1, with net sales rising 22.7% to $592.2 million. Gross margin grew 70 basis points to 27.9%, while operating income soared to $27.0 million from $2.1 million in the previous year. The Pet segment's sales increased 19.0%, and the Garden segment saw a significant 34.1% rise. Net income turned positive at $5.6 million, up from a loss of $4.4 million. Cash balance rose 36.4% to $608.3 million, although total debt increased to $789.0 million due to refinancing.
Central Garden & Pet Company (NASDAQ: CENT, CENTA) will release its financial results for Q1 fiscal 2021 on February 3, 2021, after trading hours. A conference call to discuss these results and provide a business update will follow at 4:30 p.m. ET. Central reported net sales of $2.7 billion in 2020, showcasing its commitment to leading the pet and garden industries. The company boasts a portfolio of over 65 brands and over 6,300 employees, emphasizing its significant market presence in North America and Europe.
Central Garden & Pet (NASDAQ: CENT, CENTA) has acquired DoMyOwn.com, enhancing its position in the control product market. This acquisition fortifies Central's eCommerce capabilities and expands its offerings in professional-grade control products. With a focus on customer service and digital growth, Central aims to meet rising eCommerce demands. The transaction, which closed on December 18, 2020, details including purchase price remain undisclosed. Central reported 2020 net sales of $2.7 billion and operates over 65 high-quality brands.
Green Garden Products has announced it will be acquired by Central Garden & Pet (NASDAQ: CENT, CENTA) for $532 million. The transaction is expected to finalize in Q1 2021, pending regulatory approval. This acquisition reflects Green Garden's significant growth, positioning it as the largest seed and seed starting company in North America. Central aims to enhance its portfolio with Green Garden's reputable brands, expanding into the seed market and leveraging its digital capabilities to drive sales. The deal is facilitated by partnerships with Freeman Spogli & Co. and William Blair.
Central Garden & Pet (NASDAQ: CENT, CENTA) has agreed to acquire Green Garden Products for $532 million from Freeman Spogli & Co. Green Garden, located in Norton, Mass., is a leading supplier of seed packets and plant nutrients, with over 250 million packets shipped annually. The acquisition aims to expand Central's portfolio into an adjacent garden category and strengthen relationships with major retailers. The deal is expected to close in the second quarter of fiscal 2021, pending regulatory approval. Central reported 2020 net sales of $2.7 billion, emphasizing its commitment to growth in the pet and garden sectors.
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