Central Garden & Pet Bumps Buyback Authorization: Key Factors to Note

Central Garden & Pet Company (CENT) has revealed that its board of directors bumped up its share buyback authorization, underscoring its commitment to boosting shareholder value. The company can now buy back up to an incremental $100 million of its issued and outstanding Common Stock and Class A Common Stock.As of Dec. 11, 2024, this expansion raises the total repurchase authorization to approximately $130 million.An increased buyback program often indicates that a company has a strong cash flow and liquidi ...