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Central Garden & Pet Company (CENT) Presents At J.P. Morgan Global High Yield & Leveraged Finance Conference - Slideshow
2021-03-04 20:20
2021 J.P. Morgan Global High Yield & Leveraged Finance Conference March 2021 Disclaimer Central Garden & Pet Company ("we" or "Central") emphasizes that certain statements about future results made in this presentation constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include projections. Forward-looking statements include statements concerning our plans, objectives, goals, strategies, future events, future reven ...
Central Garden & Pet(CENTA) - 2021 Q1 - Quarterly Report
2021-02-04 18:41
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 ended December 26, 2020 or ☐ TRANSITION REPORT PURSUANT OF SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-33268 Delaware 68-0275553 (Sta ...
Central Garden & Pet(CENTA) - 2021 Q1 - Earnings Call Transcript
2021-02-04 03:42
Central Garden & Pet Company (NASDAQ:CENT) Q1 2021 Earnings Conference Call February 3, 2021 4:30 PM ET Company Participants Friederike Edelmann - VP, IR Tim Cofer - CEO Niko Lahanas - CFO J.D. Walker - President, Garden Branded Business John Hanson - President, Pet Consumer Products Conference Call Participants Karru Martinson - Jefferies Bill Chappell - Truist William Reuter - Bank of America Jim Chartier - Monness, Crespi, Hardt Brad Thomas - KeyBanc Capital Markets Andrea Teixeira - JPMorgan Sarah Clark ...
Central Garden & Pet(CENTA) - 2020 Q4 - Annual Report
2020-11-24 20:44
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________________________________________________________ FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 26, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission File Number 1-33268 CENTRAL GARDEN & PET COMPANY (Ex ...
Central Garden & Pet(CENTA) - 2020 Q4 - Earnings Call Transcript
2020-11-24 03:19
Central Garden & Pet Company (NASDAQ:CENT) Q4 2020 Earnings Conference Call November 23, 2020 4:30 PM ET Company Participants Friederike Edelmann - Vice President, Investor Relations Tim Cofer - Chief Executive Officer Niko Lahanas - Chief Financial Officer J.D. Walker - President, Garden Branded Business John Hanson - President, Pet Consumer Products Conference Call Participants William Reuter - Bank of America Bill Chappell - Truist Securities Peter Grom - JPMorgan Brad Thomas - KeyBanc Capital Markets Ca ...
Central Garden & Pet(CENTA) - 2020 Q3 - Earnings Call Transcript
2020-08-08 15:02
Central Garden & Pet Company (NASDAQ:CENT) Q3 2020 Earnings Conference Call August 5, 2020 4:30 PM ET Company Participants Howard Machek – Senior Vice President and Chief Administrative Officer Tim Cofer – Chief Executive Officer Niko Lahanas – Chief Financial Officer J. D. Walker – President-Garden Branded business John Hanson – President-Pet Consumer Products Conference Call Participants Peter Grom – JPMorgan Brad Thomas – KeyBanc Capital Markets William Reuter – Bank of America Grant O'Brien – Truist Sec ...
Central Garden & Pet(CENTA) - 2020 Q3 - Quarterly Report
2020-08-06 16:48
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 ended June 27, 2020 or ☐ TRANSITION REPORT PURSUANT OF SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-33268 Delaware 68-0275553 (State o ...
Central Garden & Pet(CENTA) - 2020 Q2 - Earnings Call Transcript
2020-05-10 08:19
Financial Data and Key Metrics Changes - Overall sales growth in Q2 2020 was 4.4% year-over-year, reaching $703 million compared to $674 million in Q2 2019 [13][28] - Earnings per share (EPS) increased to $0.78, up from $0.73 in the same quarter last year [16] - Consolidated gross profit increased by $1 million, while gross margin decreased by 110 basis points to 29.5% [29] - Operating income rose to $66 million, with an operating margin increase of 20 basis points to 9.4% [32] Business Line Data and Key Metrics Changes - Pet segment sales increased by 7% to $361 million, with organic sales up 4% [33] - Garden segment sales rose by 2% to $342 million, but organic sales declined by 3% [35] - Pet segment operating income increased by approximately 25% to $34 million, while Garden segment operating income remained roughly flat at $53 million [34][37] Market Data and Key Metrics Changes - The Pet segment saw a notable surge in sales due to increased consumer demand for consumables and pet distribution, particularly during the COVID-19 pandemic [14][19] - Garden segment faced challenges due to the exit from the pottery line and a slow start to the grass seed season, although garden distribution and wild bird feed showed growth [15][35] Company Strategy and Development Direction - The company is focusing on its Vision 2025 strategy, emphasizing digital transformation, e-commerce growth, and strategic M&A opportunities [25][65] - The COVID-19 pandemic has reinforced the need to evolve the business and build core capabilities [26] Management's Comments on Operating Environment and Future Outlook - Management expressed uncertainty regarding the future due to the COVID-19 pandemic but noted that both Pet and Garden industries are expected to thrive in the medium to long term [23][76] - The company has suspended financial guidance for fiscal 2020 until the situation stabilizes [24][42] Other Important Information - The company has increased cash reserves to $332 million and drawn down $200 million from its credit line to enhance financial flexibility [40][110] - The company repurchased approximately 988,000 shares for $25 million, with $100 million remaining under the share repurchase program [41] Q&A Session Summary Question: Can you quantify the percentage of closed retail customers in March and April? - Management noted that small independent pet stores were most affected, with temporary closures impacting the live small animal business [46][47] Question: What does the POS look like for April? - POS remains strong for both Pet and Garden segments, with significant growth in e-commerce [50][52] Question: How do you view the discretionary nature of your products amid potential economic downturns? - Management believes the Pet and Garden industries are recession-resistant, with strong underlying demand expected to continue [75] Question: What is the current status of retail customers reopening? - Smaller independent lawn and garden centers are starting to reopen, and larger retailers are increasing store hours [81] Question: Are there any supply chain disruptions or elevated operating costs? - Management reported minimal downtime and some increased costs due to COVID-19 safety measures [84][85] Question: Will the company pursue M&A opportunities in the current environment? - Management is open to exploring M&A opportunities if the right situation arises [87] Question: What measures are being taken to manage expenses amid uncertainty? - The company is reassessing all cash expenditures and implementing belt-tightening initiatives across business units [92][94]
Central Garden & Pet(CENTA) - 2020 Q2 - Quarterly Report
2020-05-07 18:59
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 ended March 28, 2020 or ☐ TRANSITION REPORT PURSUANT OF SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-33268 Delaware 68-0275553 (State ...
Central Garden & Pet(CENTA) - 2020 Q1 - Quarterly Report
2020-02-06 19:15
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 ended December 28, 2019 or ☐ TRANSITION REPORT PURSUANT OF SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-33268 Delaware 68-0275553 (Sta ...