Central Garden & Pet Co Stock Price, News & Analysis

Central Garden & Pet Company (NASDAQ: CENT, CENTA) reported Q3 fiscal 2022 net sales of $1,015 million, a 2% decrease year-over-year due to soft garden segment performance. Diluted GAAP EPS rose by $0.02 to $1.39, outpacing the previous year. Despite weather impacts, the garden segment's operating income increased by 13%, driven by acquisitions. However, pet segment operating income fell 12% amidst inflationary pressures. The company maintains its fiscal 2022 EPS guidance to be at or above last year, acknowledging rising costs and shifting consumer demand.

Central Garden & Pet Company (NASDAQ: CENT, CENTA) will announce its fiscal 2022 Q3 financial results for the period ending June 25, 2022, on August 3, 2022, post-market close. The announcement will be followed by a conference call at 4:30 p.m. ET, hosted by CEO Tim Cofer and CFO Niko Lahanas, discussing the results and a general business update. The company's fiscal 2021 net sales were reported at $3.3 billion, showcasing its commitment to the Pet and Garden industries with over 65 trusted brands and a workforce exceeding 7,000 employees across North America and Europe.

Central Garden & Pet (NASDAQ: CENT) has launched GoodGood, a new pet wellness brand focused on enhancing the wellbeing of pets and their owners. The brand introduces a line of four dog supplements: Allergy + Immune Chews, Calming Chews, Hip + Joint Chews, and Skin + Coat Chews, each priced at $29.99. These products are made in the U.S. with premium ingredients and carry the NASC Quality Seal. The initiative aligns with Central's strategy to create beloved brands that cater to the interconnected wellness of humans and pets.

Central Garden & Pet Company (NASDAQ: CENT, CENTA) has revised its fiscal 2022 GAAP EPS guidance to be at or above last year’s $2.75, primarily due to challenges in the Garden segment. High inflation, geopolitical tensions, and poor weather have negatively impacted commodities and consumer demand, leading to a disappointing Garden season. Despite these setbacks, the company remains confident in its Central to Home strategy and plans for long-term growth in the Pet and Garden sectors, backed by investments in innovation and eCommerce.

Kaytee, part of Central Garden & Pet (NASDAQ: CENT, CENTA), launches the #SmallinShow initiative to celebrate small pets. With over 16 million small pet enthusiasts, the campaign includes a virtual award show inviting pet owners to share stories and pictures of their small animal companions. The contest aims to highlight the personalities of small pets, culminating in the selection of three winners who will receive a year’s supply of Kaytee products. This initiative reinforces Kaytee's long-standing commitment of over 150 years to the well-being of small pets and their owners.

Central Garden & Pet Company (NASDAQ: CENT, CENTA) announced that CFO Niko Lahanas will present at the Oppenheimer 22nd Annual Consumer Growth & E-Commerce Conference on Tuesday, June 14, at 2:15 PM Eastern Time. The presentation will be accessible via live webcast and on-demand replay on the company's investor relations website at ir.central.com. Central Garden & Pet, based in Walnut Creek, California, generated $3.3 billion in net sales in fiscal 2021, offering over 65 brands in the pet and garden sectors.

Central Garden & Pet Company (NASDAQ: CENTA) reported a 2% increase in Q2 fiscal 2022 net sales to $954 million, with diluted GAAP EPS of $1.27. Sales growth was attributed to acquisitions, which contributed $52 million despite a 3.5% decline in organic net sales. Gross margin improved to 30.1%, and operating income rose to $107 million. However, net income decreased by 4% to $70 million. The company maintains its fiscal 2022 EPS guidance at $3.10 or better, acknowledging rising costs and normalization of consumer demand.

Central Garden & Pet Company (NASDAQ: CENT, CENTA) will announce its Q2 FY2022 financial results on May 4, 2022, after market close. The announcement will be followed by a conference call at 4:30 p.m. ET, featuring CEO Tim Cofer and CFO Niko Lahanas. The company reported net sales of $3.3 billion for fiscal 2021 and boasts a robust portfolio of over 65 brands. Central is committed to elevating living spaces through innovative products in the pet and garden sectors.

Ferry-Morse, a leading U.S. gardening seed company, has launched innovative digital tools to enhance the gardening experience. These include the Garden Matchmaker for personalized seed recommendations and the new Ferry-Morse Rewards Program offering points for purchases. Their Plantlings™ collection features over 100 varieties of nurtured plants, aimed at efficient gardening. The company emphasizes personalized support through its blog The Greenhouse, providing valuable gardening content. With a history dating back to 1856, Ferry-Morse remains dedicated to quality and sustainability.