Central Garden & Pet Company (NASDAQ:CENT ) Q1 2025 Earnings Conference Call February 5, 2025 4:30 PM ET Company Participants Friederike Edelmann – Vice President, Investor Relations Niko Lahanas – Chief Executive Officer Brad Smith – Chief Financial Officer John Hanson – President, Pet Consumer Products J.D. Walker – President, Garden Consumer Products Conference Call Participants Bill Chappell – Truist Securities Brad Thomas – KeyBanc Capital Markets Jim Chartier – Monness Crespi Hardt Bob Labick – CJS Securities Brian McNamara – Canaccord Genuity Andrea Teixeira – JPMorgan Rob Rigby – Bank of America Carla Casella – JPMorgan Hale Holden – Barclays Operator Ladies and gentlemen, thank you for standing by.
CENT's fiscal first-quarter earnings are likely to have shown softness in both Pet and Garden segments due to shifting market dynamics and reduced consumer spending.
Central Garden (CENT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Central Garden & Pet Company CENT has seen its stock price plummet 14% in a month against the industry's 0.5% growth. This decline can be traced to tough broader market dynamics and specific challenges faced by the company.
Central Garden & Pet Company CENT is currently trading at a forward 12-month price-to-earnings (P/E) multiple of 18.43X, which positions it at a premium compared with the industry's average of 13.05X. The stock is also trading above its median P/E level of 16.62X, observed in the past year.
CENT raises its stock repurchase authorization to $130 million, citing the belief that it is currently undervalued.
Central Garden & Pet's fiscal fourth-quarter results reflect a net sales decline of 11%. Nonetheless, the company has been containing costs and simplifying its portfolio.
Central Garden & Pet Company (NASDAQ:CENT ) Q4 2024 Earnings Conference Call November 25, 2024 4:30 PM ET Company Participants Friederike Edelmann - Vice President, Investor Relations Niko Lahanas - Chief Executive Officer Brad Smith - Chief Financial Officer John Hanson - President, Pet Consumer Products J. D. Walker - President, Garden Consumer Products Conference Call Participants Bill Chappell - Truist Securities Brad Thomas - KeyBanc Capital Markets Jim Chartier - Monness, Crespi and Hardt Bob Labick - CJS Securities Brian McNamara - Canaccord Genuity Shovana Chowdhury - JPMorgan Carla Casella - JPMorgan William Reuter - Bank of America Mary Ann Neale - Barclays Operator Ladies and gentlemen, thank you for standing by.
Central Garden (CENT) came out with a quarterly loss of $0.18 per share versus the Zacks Consensus Estimate of a loss of $0.20. This compares to earnings of $0.08 per share a year ago.
CENT's fourth-quarter earnings results are likely to indicate softness in the Pet segment owing to a decline in new pet adoptions.
Central Garden (CENT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
In late 2023, many analysts called for 2024 to be the year of a small-cap stock renaissance. These stocks were battered as the Federal Reserve aggressively raised interest rates.