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Last $9.27 USD
Change Today -0.02 / -0.22%
Volume 6.6K
CENT On Other Exchanges
Symbol
Exchange
NASDAQ GS
NASDAQ GS
Frankfurt
As of 1:56 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

central garden & pet co (CENT) Snapshot

Open
$9.26
Previous Close
$9.29
Day High
$9.45
Day Low
$9.23
52 Week High
07/13/15 - $10.79
52 Week Low
10/15/14 - $6.50
Market Cap
493.3M
Average Volume 10 Days
22.0K
EPS TTM
$0.32
Shares Outstanding
11.9M
EX-Date
--
P/E TM
29.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for CENTRAL GARDEN & PET CO (CENT)

central garden & pet co (CENT) Related Businessweek News

No Related Businessweek News Found

central garden & pet co (CENT) Details

Central Garden & Pet Company produces and sells various products for the pet, and lawn and garden supplies markets in the United States. The company operates in two segments, Pet, and Lawn and Garden. The Pet segment supplies products for dogs and cats comprising edible bones, edible and non-edible chews, dog and cat food and treats, toys, pet carriers, grooming supplies, and other accessories; and food, cages and habitats, toys, chews, and related accessories for birds, small animals, and specialty pets. It also offers animal and household health, and insect control products; aquariums, furniture and lighting fixtures, pumps, filters, water conditioners, food and supplements, and information and knowledge resources for fish, reptiles, and other aquarium-based pets; and products for horses and livestock. This segment sells its products to independent pet distributors, retail chains, grocery stores, mass merchants, and bookstores primarily under the Adams, Aqueon, Avoderm, BioSpot, Farnam, Four Paws, Kaytee, Nylabone, Pinnacle, TFH, Zilla, Altosid, Comfort Zone, Coralife, Interpet, Kent Marine, Oceanic Systems, Pet Select, Pre-Strike, Super Pet, and Zodiac brand names. The Lawn and Garden segment provides grass seeds; wild bird feed, bird feeders, bird houses, and other birding accessories; weed, grass, ant and other herbicide, insecticide, and pesticide products; and decorative outdoor lifestyle and lighting products, such as pottery, trellises and other wood products, and holiday lighting products. This segment sells its products to retail chains, independent garden distributors, grocery stores, nurseries, and garden supply retailers primarily under the AMDRO, GKI/Bethlehem Lighting, Ironite, Pennington, Sevin, Lilly Miller, Over-N-Out, Smart Seed, and The Rebels brand names. The company was founded in 1955 and is based in Walnut Creek, California.

3,100 Employees
Last Reported Date: 12/11/14
Founded in 1955

central garden & pet co (CENT) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $1.2M
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $620.3K
Executive Vice President
Total Annual Compensation: $656.0K
General Counsel
Total Annual Compensation: $605.3K
Compensation as of Fiscal Year 2014.

central garden & pet co (CENT) Key Developments

Luminara Worldwide LLC Wins Additional Positive Rulings on Patent Infringement Lawsuits in Two Countries

Luminara Worldwide LLC has won additional positive rulings on its patent infringement lawsuits in two countries, including China – home to defendants Liown Electronics Co. Ltd, Shenzhen Liown Electronics Co, Ltd, Liown Technologies/Beauty Electronics LLC. Additional defendants affected by the rulings include alleged intellectual property infringers Boston Warehouse Trading Corp., Abbott of England (1981), Ltd., BJ’s Wholesale Club, Inc., Von Maur, Inc., Zulily, Inc., Smart Candle, LLC, Tuesday Morning Corp., Ambient Lighting, Inc., The Light Garden, Inc., and Central Garden & Pet Co. d/b/a GKI/Bethlehem Lighting. In March, the Chinese Patent Reexamination Board invalidated a Chinese design patent on the moving flame candle, one of three patents Liown filed in China. In doing so, the Board acknowledged that Liown’s design patent had no apparent differences over prior designs. Liown’s two remaining Chinese patents have also been challenged by Luminara and are currently under board consideration. In April, the U.S. Federal District Court, sitting in Minnesota granted Luminara a preliminary injunction prohibiting all defendants from selling moving flame candles to Luminara’s customers, acknowledging Luminara demonstrated a substantial likelihood that Liown infringed Luminara’s patent. Subsequently, the District Court denied Liown’s motion to stay that preliminary injunction pending an appeal to the Federal Circuit. In June, the U.S. Court of Appeals for the Federal Circuit, sitting in Washington, D.C., affirmed the District Court’s decision not to stay the preliminary injunction pending Liown’s appeal, which is expected to be heard late this year. As a result, Liown and each defendant remain prohibited from selling moving flame candles to the customers set forth in the preliminary injunction. These are significant wins for Luminara Worldwide LLC, which filed a lawsuit in U.S. District Court for the District of Minnesota to stop the infringement of its U.S. Patents which represent technology used to create Luminara’s collection of flame-replicating designer candles.

Central Garden & Pet Company Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended March 28, 2015; Provides Earnings Guidance for the Third Quarter, Fourth Quarter and Full Year of 2015

Central Garden & Pet Company reported unaudited consolidated earnings results for the second quarter and six months ended March 28, 2015. For the quarter, the company reported net sales of $497,602,000 compared to $501,611,000 a year ago. Income before income taxes and non-controlling interest was $37,992,000 compared to $34,488,000 a year ago. Net income attributable to the company was $23,237,000 compared to $20,895,000 a year ago. Diluted net income per share was $0.47 compared to $0.43 a year ago. Income from operations was $49,971,000 compared to $44,769,000 a year ago. CapEx for the quarter was $7 million versus $4.6 million last year, in line with historical annual run rate of $25 million to $30 million. Cash flow used by operations in the second quarter was $114 million compared to $91 million in the second quarter of 2014. For the six months, the company reported net sales of $804,922,000 compared to $792,132,000 a year ago. Income before income taxes and non-controlling interest was $28,330,000 compared to $13,761,000 a year ago. Net income attributable to the company was $17,540,000 compared to $8,187,000 a year ago. Diluted net income per share was $0.35 compared to $0.17 a year ago. Income from operations was $51,109,000 compared to $36,414,000 a year ago. Net debt was $503 million versus $514 million last year, an improvement of $11 million. This improvement reflects higher earnings and improved balance sheet, partially offset by cash used for bond redemptions, stock repurchases and tuck-in acquisitions. The Company currently expects earnings per share for fiscal 2015 could be in excess of $0.55, in comparison to adjusted earnings per share of $0.33 a year ago. It is expecting the full year to be up to last year. For the third quarter, the company’s earnings per share is expected to be relatively flat to down with the fourth quarter favorable versus the prior year.

Central Garden & Pet Seeks Acquisitions

Central Garden & Pet Company (NasdaqGS:CENT) will look for acquisitions. John Ranelli, President & Chief Executive Officer of Central Garden & Pet said, “The operational foundation for our future success is nearly complete. We will be building on this base going forward by expanding our efforts to focus on growth - both organic and through targeted acquisitions. We expect to increase revenues and profits in 2015 and beyond, by taking advantage of our improved financial and operating leverage. Our balance sheet is stronger and we are generating significant operating cash flow. As I expected when I became CEO, it has been, and will continue to be, a journey. While there is still much work to do, our results are beginning to show the momentum we expect for the future and we see a path to meaningful earnings growth over the next several years."

 

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Industry Analysis

CENT

Industry Average

Valuation CENT Industry Range
Price/Earnings 25.5x
Price/Sales 0.3x
Price/Book 0.9x
Price/Cash Flow 6.9x
TEV/Sales NM Not Meaningful
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