Summary of Central Garden & Pet Company (CENT) FY Conference Company Overview - **Company**: Central Garden & Pet Company (CENT) - **Date of Conference**: June 09, 2025 - **Key Speaker**: Brad Smith, CFO Key Points Management Changes and Strategy - Recent management changes include Nico becoming CEO and Brad Smith as CFO, with a focus on transitioning to a more agile culture that empowers business units (BUs) to make decisions [5][6] - The core strategy remains consistent, emphasizing innovation alongside cost reduction, which has become part of the company's DNA [7][8] - Mergers and Acquisitions (M&A) will focus on pet consumables and adjacent markets, moving beyond traditional pet and garden spaces [8][9] Pet Segment Dynamics - The pet segment is bifurcated into consumables and durables, with consumables showing resilience, particularly in dog and cat products [12][13] - Pet ownership demand is stabilizing, with dog ownership slightly below pre-pandemic levels and cat ownership slightly above [12][29] - Durables have contracted from approximately 35% of total pet sales during the pandemic to below 20%, attributed to declining demand and strategic consolidation [14][18] - The company is optimizing its durable product offerings to maintain profitability amidst increased competition from overseas [22][23] Garden Segment Dynamics - The garden business is highly weather-dependent, with sales fluctuating based on weather conditions [34][35] - Recent weather patterns have been challenging, impacting sales negatively, but there is potential for an extended selling season if favorable weather occurs [38][39] - The wild bird feed segment has performed well, countering the overall weather-related challenges [44][46] Market and Economic Factors - Tariffs and trade policies have impacted demand for durable products, leading to a shift in sourcing to countries with lower tariffs [25][26] - The stagnant housing market affects larger garden projects, with HELOC rates influencing consumer spending on major renovations [48] M&A and Growth Opportunities - M&A remains a priority, with a focus on pet consumables, particularly in the dog and cat segments, and potential growth in supplements [49][51] - The company is exploring adjacencies, such as pest control products, to expand its market reach [54] Retail and Distribution - The company continues to grow its online presence while facing challenges in the pet specialty retail channel [56][58] - Partnerships with large retailers like Walmart and Costco remain strong, with a shift towards online sales expected to continue [59] Capital Allocation - Priorities for capital allocation include M&A, internal investments for growth, and share buybacks, with a current focus on M&A opportunities [60] Additional Insights - The company is optimistic about the potential for growth in the pet consumables market, particularly in the cat segment, which has been underrepresented [52] - The psychological factors driving demand for wild bird feed indicate a growing consumer interest in this category [45]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period eMndaercdh 29, 2025 or ☐ TRANSITION REPORT PURSUANT OF SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Central Garden & Pet Company (State or other jurisdiction of incorporation or organization) Delaware 001-33268 68-0275553 (Commission File Number) (I.R.S. E ...

Central Garden & Pet Company (CENT) reported second-quarter fiscal 2025 results, wherein the top line missed the Zacks Consensus Estimate and declined year over year. Meanwhile, earnings surpassed the Zacks Consensus Estimate and improved from the same period last year.The company’s fiscal second-quarter results highlight solid execution and continued progress despite softer sales. Margin and earnings per share improved year over year, driven by strong productivity gains and disciplined implementation of th ...

Central Garden (CENT) came out with quarterly earnings of $1.04 per share, beating the Zacks Consensus Estimate of $0.94 per share. This compares to earnings of $0.99 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 10.64%. A quarter ago, it was expected that this maker of products for the pet supply and lawn and garden markets would post a loss of $0.03 per share when it actually produced earnings of $0.21, delivering a surpri ...

Central Garden & Pet Company (CENT) Q2 2025 Earnings Call May 07, 2025 04:30 PM ET Company Participants Friederike Edelmann - VP, IRNiko Lahanas - CEOBrad Smith - Chief Financial OfficerBill Chappell - Managing DirectorJohn Hanson - President, Pet Consumer ProductsJ.D. Walker - President, Garden Consumer ProductsPeter Lukas - Director Conference Call Participants Bradley Thomas - Managing Director & Equity Research AnalystJim Chartier - AnalystBrian McNamara - MD & Senior Analyst - ConsumerShovana Chowdhury ...

Central Garden & Pet Company (CENT) Q2 2025 Earnings Call May 07, 2025 04:30 PM ET Speaker0 Ladies and gentlemen, thank you for standing by. Welcome to Central Garden and Pet's Fiscal twenty twenty five Second Quarter Earnings Call. My name is Zico, and I will be your conference operator for today. At this time, all participants are in listen only mode. Following the prepared remarks, we will hold a question and answer session and instructions will be given at that time. As a reminder, this conference call ...

Exhibit 99.1 CENTRAL GARDEN & PET ANNOUNCES Q2 FISCAL 2025 FINANCIAL RESULTS Delivers fiscal 2025 Q2 GAAP EPS of $0.98 vs. $0.93 and non-GAAP EPS of $1.04 vs. $0.99 a year ago amid softer sales in the quarter Reaffirms outlook for fiscal 2025 non-GAAP EPS of $2.20 or better WALNUT CREEK, Calif. – Central Garden & Pet Company (NASDAQ: CENT) (NASDAQ: CENTA) ("Central"), a market leader in the pet and garden industries, today announced financial results for its fiscal 2025 second quarter ended March 29, 2025. ...

ACHIEVED SOLID SECOND QUARTER RESULTS NET SALES $834MM (7)% vs. PY NON-GAAP OPERATING INCOME $99MM in line with PY PET NET SALES $454MM (6)% vs. PY NON-GAAP OPERATING INCOME $66MM 5% vs. PY e GAAP to non-GAAP reconciliation is available at IR.central.com Q2 2025 FINANCIAL RESULTS NON-GAAP EPS $1.04 $0.05 vs. PY GARDEN NET SALES $380MM (10)% vs. PY OPERATING INCOME $59MM 3% vs. PY Home is central to life—we are Central to home Q2 HIGHLIGHTS Continued execution of Cost & Simplicity program enhances efficiency ...

Core Insights - Zacks Premium offers various tools for investors to enhance their stock market strategies and confidence [1] - The Zacks Style Scores are designed to help investors identify stocks with the potential to outperform the market in the short term [2] Zacks Style Scores Overview - The Style Scores categorize stocks into four types: Value Score, Growth Score, Momentum Score, and VGM Score, each focusing on different investment strategies [3][4][5][6] - Value Score identifies undervalued stocks using financial ratios [3] - Growth Score assesses a company's financial health and future growth potential [4] - Momentum Score tracks price trends to capitalize on upward or downward movements [5] - VGM Score combines all three styles to highlight stocks with the best overall characteristics [6] Zacks Rank and Performance - The Zacks Rank is a proprietary model that uses earnings estimate revisions to guide investment decisions [7] - Stocks rated 1 (Strong Buy) have historically outperformed the S&P 500, with an average annual return of +25.41% since 1988 [8] - Investors are encouraged to focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for optimal returns [9] Company Spotlight: Central Garden & Pet Co. (CENT) - Central Garden & Pet Co. is positioned as a leading player in the U.S. pet supplies and lawn and garden supplies market, emphasizing product innovation and customer service [11] - Currently rated 3 (Hold) by Zacks, CENT has a VGM Score of A and a Momentum Style Score of A, indicating strong potential [11][12] - CENT's shares have increased by 3.4% over the past four weeks, with positive earnings estimate revisions for fiscal 2025 [12] - The Zacks Consensus Estimate for CENT's earnings has risen by $0.05 to $2.37 per share, with an impressive average earnings surprise of 208.7% [12]

Core Viewpoint - Investors are seeking growth stocks that can deliver above-average growth and exceptional returns, but identifying such stocks can be challenging due to inherent volatility and risks [1] Group 1: Company Overview - Central Garden (CENT) is identified as a promising growth stock with a favorable Growth Score and a top Zacks Rank [2] - The company operates in the pet supply and lawn and garden markets, which are currently attractive for growth investors [3] Group 2: Earnings Growth - Central Garden has a historical EPS growth rate of 5.1%, but projected EPS growth for this year is expected to be 10.7%, significantly higher than the industry average of 3.2% [4] Group 3: Cash Flow Growth - The year-over-year cash flow growth for Central Garden is 8.7%, surpassing the industry average of 4.5% [5] - The company's annualized cash flow growth rate over the past 3-5 years is 11.4%, compared to the industry average of 9.3% [6] Group 4: Earnings Estimate Revisions - There have been upward revisions in current-year earnings estimates for Central Garden, with the Zacks Consensus Estimate increasing by 0.1% over the past month [8] Group 5: Investment Positioning - Central Garden has earned a Growth Score of B and carries a Zacks Rank 2 due to positive earnings estimate revisions, positioning it well for potential outperformance [10]