CENTA Central Garden & Pet Co A

Central Garden & Pet Announces New Chairman of the Board

Central Garden & Pet Company (NASDAQ: CENT) (NASDAQ: CENTA), a leading innovator, producer and distributor of branded and private label products for the lawn & garden and pet supplies markets, today announced that Brooks Pennington III (Sonny) has succeeded Bill Brown as Chairman of the Board. Brown will remain on the Board of Directors and continue to focus on higher-level strategic initiatives for the Company.

Pennington has been on Central Garden & Pet’s Board of Directors for 20 years and has been the Company’s Director of Special Projects since 2006. Prior to his current role, Pennington served as the President and CEO of Pennington Seed from 1994 to 2006 and has almost 40 years’ experience in the lawn and garden industry. Pennington Seed was acquired by Central Garden & Pet in 1998.

Bill Brown, founder of Central Garden and Pet, commented, “Sonny has been an important part of Central’s success and has been an invaluable partner in helping grow our Company. He knows our culture and business well and I am confident he will be a wonderful steward for the business, working with management to move Central forward in the future.” Brown continued, “As for me, I will continue on the Board of Directors and chair the Board’s Investment Committee - working on strategic initiatives to help grow Central in the years ahead.”

Pennington added, “Bill has been an inspiration to us all. Since he took Central public in 1993, the Company has grown revenues by a compounded annual average of 8% and net income by 13%.” Pennington continued, “We are fortunate to have a strong management team led by CEO George Roeth, a highly-engaged Board, and a dedicated and talented employee base. I look forward to collaborating with all of them as we move forward to continue to grow our Company organically and through acquisitions into the future.”

About Central Garden & Pet

Central Garden & Pet Company is a leading innovator, producer and distributor of branded and private label products for the lawn & garden and pet supplies markets. Committed to new product innovation, our products are sold to specialty independent and mass retailers. Participating categories in Lawn & Garden include: Grass seed and the brands PENNINGTON®, and THE REBELS®; wild bird feed and the brand PENNINGTON®; weed and insect control and the brands AMDRO®, SEVIN®, and OVER-N-OUT®; fertilizer and the brands PENNINGTON® and IRONITE®; and decorative outdoor patio products under the PENNINGTON® brand. We also provide a host of other regional and application-specific garden brands and supplies. Participating categories in Pet include: Animal health and the brands ADAMS, COMFORT ZONE®, FARNAM®, HORSE HEALTH and VITAFLEX®; aquatics and reptile and the brands AQUEON®, CORALIFE®, SEGREST and ZILLA®; bird & small animal and the brands KAYTEE®, Forti-Diet® and CRITTER TRAIL®; and dog & cat and the brands TFH, NYLABONE®, FOUR PAWS®, IMS®, CADET®, DMC™, K&H Pet Products, PINNACLE® and AVODERM®. We also provide a host of other application-specific pet brands and supplies. Central Garden & Pet Company is based in Walnut Creek, California, and has approximately 4,200 employees, primarily in North America. For additional information on Central Garden & Pet Company, including access to the Company's SEC filings, please visit the Company’s website at www.central.com.

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release which are not historical facts are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. All forward-looking statements are based upon the Company’s current expectations and various assumptions. There are a number of risks and uncertainties that could cause our actual results to differ materially from the forward-looking statements contained in this release including, but not limited to, the following factors:

  • failure of the acquired business to achieve expected results;
  • seasonality and fluctuations in the Company’s operating results and cash flow;
  • adverse weather conditions;
  • dependence on a small number of customers for a significant portion of our business;
  • uncertainty about new product innovations and marketing programs;
  • dependence upon key executives and the ability to retain the General Pet Supply management; and
  • competition in our industries.

These risks and others are described in Central’s Securities and Exchange Commission filings. Central undertakes no obligation to publicly update these forward-looking statements to reflect new information, subsequent events or otherwise.

EN
19/03/2018

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Reports on Central Garden & Pet Co A

 PRESS RELEASE

Central Garden & Pet Announces Q1 Fiscal 2025 Financial Results

WALNUT CREEK, Calif.--(BUSINESS WIRE)-- Central Garden & Pet Company (NASDAQ: CENT) (NASDAQ: CENTA) (“Central”), a market leader in the pet and garden industries, today announced results for its fiscal 2025 first quarter ended December 28, 2024. This press release features multimedia. View the full release here: CENTRAL GARDEN & PET ANNOUNCES Q1 FISCAL 2025 FINANCIAL RESULTS -- Fiscal 2025 Q1 net sales of $656 million vs. $635 million in the prior year -- Fiscal 2025 Q1 EPS of $0.21 vs. $0.01 a year ago -- Maintains outlook for fiscal 2025 non-GAAP EPS of $2.20 or better (Graphic: Business Wi...

 PRESS RELEASE

Central Garden & Pet to Announce Q1 Fiscal 2025 Financial Results

WALNUT CREEK, Calif.--(BUSINESS WIRE)-- Central Garden & Pet Company (NASDAQ: CENT) (NASDAQ: CENTA) (“Central”), a market leader in the pet and garden industries, will announce results for its fiscal 2025 first quarter ended December 28, 2024, after the close of trading on Wednesday, February 5, 2025. On that day, Central will hold a conference call at 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time), hosted by Niko Lahanas, CEO, and Brad Smith, CFO, to discuss these results and to provide a general business update. The live webcast and a replay as well as related materials will be accessible...

 PRESS RELEASE

Central Garden & Pet Supports Animal Welfare Organizations in Response...

WALNUT CREEK, Calif.--(BUSINESS WIRE)-- In response to the devastating wildfires sweeping through Southern California, Central Garden & Pet Company (NASDAQ: CENT) (NASDAQ: CENTA), a market leader in the pet and garden industries, has announced its support for animal welfare organizations in the Los Angeles area. These organizations are working tirelessly to provide care and relief to pets and communities impacted by the wildfires. “At Central, we are deeply committed to supporting the health and welfare of our pets and the communities that care for them,” said Niko Lahanas, CEO of Central Ga...

 PRESS RELEASE

Central Garden & Pet Announces Randal D. Lewis as New Director

WALNUT CREEK, Calif.--(BUSINESS WIRE)-- Central Garden & Pet Company (NASDAQ: CENT), (NASDAQ: CENTA), a market leader in the pet and garden industries, today announced that it has appointed Randal D. Lewis to its Board of Directors, effective December 11, 2024. This press release features multimedia. View the full release here: Central Garden & Pet Announces Randal D. Lewis as New Director -- Randal D. Lewis Brings Decades of Experience in Consumer Products (Photo: Business Wire) Mr. Lewis brings to Central more than 34 years of experience in the consumer products industry, including 17 years...

 PRESS RELEASE

Central Garden & Pet Announces Increase in Stock Repurchase Authorizat...

WALNUT CREEK, Calif.--(BUSINESS WIRE)-- Central Garden & Pet Company (NASDAQ: CENT), (NASDAQ: CENTA), a market leader in the pet and garden industries, today announced that its Board of Directors has increased the authorization under its stock repurchase program. The Board authorized Central to purchase up to an additional $100 million of its issued and outstanding shares of Common Stock and Class A Common Stock. Following this increase, as of December 11, 2024, the total repurchase authorization will be approximately $130 million. Central’s Board of Directors has determined that an increase...

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