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Last $9.65 USD
Change Today +0.01 / 0.10%
Volume 13.4K
CENT On Other Exchanges
Symbol
Exchange
NASDAQ GS
NASDAQ GS
Frankfurt
Frankfurt
As of 8:10 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

central garden & pet co (CENT) Key Developments

Central Garden & Pet Company Appoints Two Independent Directors

Central Garden & Pet Company announced that it has appointed two new independent directors, George C. Roeth and Thomas J. Colligan, to the company's Board of Directors, effective immediately. The appointment of these directors increases Central's Board from seven to nine directors. Mr. Roeth, is a 27-year veteran of The Clorox Company. Mr. Colligan, served in executive roles for 37 years at PriceWaterhouseCoopers LLP.

Central Garden & Pet Company Reports Earnings Results for the First Quarter Ended December 27, 2014; Provides Earnings Guidance for the Second and Third Quarters of 2015

Central Garden & Pet Company reported earnings results for the first quarter ended December 27, 2014. The Company reported first quarter net sales of $307.3 million, an increase of $16.8 million or 6%, compared with $290.5 million in the first quarter of the prior year. The Company's first quarter operating income was $1.1 million, compared to an operating loss of $8.4 million in the first quarter of 2014, an improvement of $9.5 million. The net loss for the quarter was $5.7 million, or $0.12 per fully diluted share, compared to a net loss of $12.7 million, or $0.26 per fully diluted share in the year-ago period. The Company historically has reported a loss in its first fiscal quarter given the seasonal nature of the lawn and garden category. Loss before income taxes and noncontrolling interest was $9.662 million compared to $20.727 million a year ago. The company believes results for its second and third quarters of 2015 will not exhibit the same year-over year strength as the prior two quarters. The Company currently expects the results for the two quarters to not exceed the prior year, due predominately to factors affecting the Company's wild bird feed business. Wild bird feed sales and margins are expected to be negatively impacted by lower product pricing, related to lower raw material costs and competitive pressures.

Central Garden & Pet Company to Report Q1, 2015 Results on Feb 03, 2015

Central Garden & Pet Company announced that they will report Q1, 2015 results at 5:00 PM, Eastern Standard Time on Feb 03, 2015

Central Garden & Pet Company, Annual General Meeting, Feb 10, 2015

Central Garden & Pet Company, Annual General Meeting, Feb 10, 2015., at 10:30 Pacific Standard Time. Location: RENAISSANCE CLUBSPORT HOTEL, 2805 Jones Road. Agenda: To elect seven directors; to ratify the selection of Deloitte & Touche LLP as the company's independent registered public accounting firm for the fiscal year ending on September 26, 2015; and to transact such other business as may properly come before the meeting.

Central Garden & Pet Company Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended September 27, 2014; Announces Goodwill Impairment for the Fourth Quarter Ended September 27, 2014

Central Garden & Pet Company reported unaudited consolidated earnings results for the fourth quarter and full year ended September 27, 2014. For the quarter, the company reported net sales of $374,238,000 compared with $368,837,000 for the same period last year. Income from operations was $1,373,000 compared with loss from operations of $26,389,000 for the same period last year. Net loss attributable to Central Garden & Pet Company was $4,070,000 or $0.08 per basic and diluted share compared with $22,581,000 or $0.47 per basic and diluted share for the same period last year. Adjusted net sales were $374,238,000 compared with $372,041,000 for the same period last year. Adjusted loss from operations was $1,506,000 compared with $7,519,000 for the same period last year. The reduction in the operating loss was due to the Garden segment’s higher gross margin and strength in the Pet segment’s dog & cat business. The improvement was partially offset by weakness in the Pet segment’s professional and flea and tick businesses. Loss before income taxes and non-controlling interest was $8,362,000 compared with $36,881,000 for the same period last year. Adjusted net loss was $5,884,000 against $10,693,000 for the same period last year. Adjusted net loss attributable to the company was $0.12 per diluted share against $0.22 for the same period last year. For the full year, the company reported net sales of $1,604,357,000 compared with $1,653,633,000 for the same period last year. Income from operations was $56,213,000 compared with income from operations of $40,155,000 for the same period last year. The fiscal 2014 results were negatively impacted by a $16.9 million charge related to the discontinuance of two Garden products introduced in the Spring of 2013 (2014 Garden Charge) and benefitted from a $4.9 million gain on the sale of plant manufacturing assets recorded in this year’s third and fourth quarters. Net income attributable to Central Garden & Pet Company was $8,804,000 or $0.18 per basic and diluted share compared with net loss of $1,929,000 or $0.04 per basic and diluted share for the same period last year. Adjusted net sales were $1,611,392,000 compared with $1,656,837,000 for the same period last year. Adjusted income from operations was $68,246,000 compared with $59,025,000 for the same period last year. Income before income taxes and non-controlling interest was $13,866,000 compared with loss before income taxes and non-controlling interest of $3,492,000 for the same period last year. Adjusted net income was $16,385,000 against $9,959,000 for the same period last year. Adjusted net earnings attributable to the company were $0.33 per diluted share against $0.20 for the same period last year. For the quarter, the company recorded goodwill impairment of $3,000 compared to $7,709,000 a year ago.

 

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Price/Cash Flow 8.4x
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