Central Garden & Pet Co Stock Price, News & Analysis

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.

Central Garden & Pet Company (NASDAQ: CENT, CENTA) will announce its Q4 and fiscal year 2022 financial results on November 21, 2022, after trading closes. A conference call is scheduled for 4:30 p.m. ET to discuss these results. With 2021 net sales of $3.3 billion, Central focuses on pet and garden industries and offers over 65 leading brands. The company has a strong presence in North America and Europe, employing over 7,000 individuals.

Nylabone, part of Central Garden & Pet (NASDAQ: CENT, CENTA), is introducing a new collection of play toys aimed at enhancing the emotional, mental, and physical well-being of dogs. The Creative Play Toy line features innovative designs, varying materials, and a modern color palette, with six unique shapes set to launch in October 2022. Additionally, Nylabone will launch Imagination Nation™, an online platform offering play ideas and tips for pet parents. Nylabone aims to foster creativity in dog play and strengthen the bond between pets and their owners.

Nylabone, part of Central Garden & Pet (CENTA), has garnered national accolades for its Gourmet Style chew toys. These products, recognized as the "Chew Toy Product of the Year" at the 2022 Pet Independent Innovation Awards and a finalist in the Pet Product News Editors’ Choice Awards, are made with roasted flavor bits. The chew toys are available in three flavors: chicken, bacon, and peanut butter, catering to both adult dogs and puppies. Nylabone continues to lead in creating durable, flavorful pet products, further establishing its reputation in the pet industry.