Central Garden & Pet(CENT)

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Central Garden & Pet(CENT) - 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(CENT) - 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(CENT) - 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(CENT) - 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(CENT) - 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 ...
Central Garden & Pet(CENT) - 2019 Q4 - Earnings Call Transcript
2019-11-27 04:21
Central Garden & Pet Company (NASDAQ:CENT) Q4 2019 Results Earnings Conference Call November 26, 2019 4:30 PM ET Company Participants Steven Zenker - Vice President, Investor Relations, FP&A and Communications Tim Cofer - Chief Executive Officer Niko Lahanas - Chief Financial Officer Howard Machek - SVP, Finance and Chief Accounting Officer JD Walker - President, Garden Branded Business John Hanson - President, Pet Consumer Products Conference Call Participants Brad Thomas - KeyBanc Chris Carey - Bank of Am ...
Central Garden & Pet(CENT) - 2019 Q4 - Annual Report
2019-11-27 00:06
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 28, 2019 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 (Exact name of registrant as spe ...
Central Garden & Pet(CENT) - 2019 Q3 - Quarterly Report
2019-08-02 17:38
Financial Performance - Consolidated net sales for fiscal 2018 were $2,215 million, with the Pet segment contributing approximately $1,341 million and the Garden segment approximately $874 million[152]. - In Q3 fiscal 2019, net sales increased by $48.7 million, or 7.4%, to $706.6 million, driven by acquisitions; Pet segment sales decreased by $4.5 million while Garden segment sales increased by $53.2 million[154]. - Organic net sales in Q3 fiscal 2019 increased by 0.6%, with a decline of 2.3% in the Pet segment and an increase of 4.1% in the Garden segment[154]. - Net income for Q3 fiscal 2019 was $46.2 million, or $0.80 per diluted share, compared to $41.5 million, or $0.79 per diluted share, in Q3 fiscal 2018, reflecting an increase of over 11.1%[176]. - For the nine months ended June 29, 2019, net sales increased by $129.3 million, or 7.5%, to $1,842.3 million, with organic net sales increasing by $9.8 million, or 0.6%[178]. - Net income for the nine months ended June 29, 2019, was $90.3 million, or $1.56 per diluted share, compared to $113.0 million, or $2.15 per diluted share, for the same period in 2018[198]. - GAAP diluted net income per share for the nine months ended June 29, 2019, was $1.56, down from $2.15 in the previous year[205]. Profitability Metrics - Gross profit for Q3 fiscal 2019 increased by $17.2 million, or 8.5%, to $219.3 million, with gross margin improving by 30 basis points to 31.0%[161]. - Operating income for Q3 fiscal 2019 improved by $8.1 million to $68.9 million, with operating margin increasing from 9.2% to 9.7%[167]. - Gross profit for the nine months ended June 29, 2019, increased by $27.1 million, or 5.1%, to $555.5 million, while gross margin decreased by 60 basis points to 30.2%[181]. - Operating income decreased by $7.9 million to $141.2 million for the nine months ended June 29, 2019, with an operating margin decline to 7.7%[189]. - Pet operating income declined by $16.4 million, or 15.2%, to $91.8 million for the nine months ended June 29, 2019[190]. - Garden operating income increased by $7.8 million, or 8.3%, to $101.8 million for the nine months ended June 29, 2019[191]. Segment Performance - The Garden segment's operating income increased by $12.2 million, or 29.7%, to $53.1 million in Q3 fiscal 2019, driven by increased sales and improved gross profit[169]. - Pet net sales increased by $27.3 million, or 2.7%, to $1,028.8 million for the nine months ended June 29, 2019, compared to $1,001.5 million for the same period in 2018[179]. - Garden net sales increased by $102.0 million, or 14.3%, to $813.5 million for the nine months ended June 29, 2019, from $711.5 million for the same period in 2018[180]. - The Pet segment reported a GAAP operating income of $91.805 million, down from $108.202 million, a decrease of approximately 15.1%[205]. - The Garden segment's GAAP operating income increased to $101.821 million from $93.975 million, representing a growth of approximately 8.8%[205]. Expenses and Taxation - Selling, general and administrative expenses increased by $35.1 million, or 9.3%, to $414.3 million for the nine months ended June 29, 2019[186]. - Net interest expense decreased by $1.5 million, or 15.1%, to $8.5 million in Q3 fiscal 2019, attributed to higher interest income from increased cash balances[171]. - Net interest expense decreased by $2.1 million, or 7.9%, to $25.0 million for the nine months ended June 29, 2019[194]. - The effective income tax rate increased to 22.3% for the nine months ended June 29, 2019, compared to 7.2% for the same period in 2018[197]. - The company recorded a provisional tax benefit of $16.3 million due to the U.S. Tax Reform Act in the first quarter of fiscal 2018[202]. Cash Flow and Investments - Net cash provided by operating activities increased by $75.0 million, from $17.8 million for the nine months ended June 30, 2018, to $92.8 million for the nine months ended June 29, 2019[220]. - Net cash used in investing activities decreased by $59.5 million, from $124.5 million for the nine months ended June 30, 2018, to $65.0 million for the nine months ended June 29, 2019[221]. - Total debt outstanding as of June 29, 2019, was $693.1 million, compared to $691.9 million at June 30, 2018[226]. - The company expects capital expenditures to be between $35 million to $40 million in fiscal 2019[224]. Acquisitions and Strategic Actions - The company acquired C&S Products for approximately $30.0 million in May 2019 to enhance its wild bird product offerings[157]. - The company acquired the remaining 55% interest in Arden Companies for approximately $11 million during the second quarter of fiscal 2019[221]. - The company plans to take pricing actions in 2019 to offset inflationary pressures on raw materials and labor costs[214]. Compliance and Risk Management - The company was in compliance with all financial covenants as of June 29, 2019[230]. - No material changes to critical accounting policies, estimates, and assumptions since the Annual Report for the fiscal year ended September 29, 2018[240]. - No material change in exposure to market risk from that discussed in the Annual Report for the fiscal year ended September 29, 2018[241].
Central Garden & Pet(CENT) - 2019 Q2 - Quarterly Report
2019-05-07 19:04
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________________________________________________________ FORM 10-Q (Mark One) Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock CENT The NASDAQ Stock Market LLC ý QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 30, 2019 or ¨ TRANSITION REPORT PURSUANT OF SECTION 13 or 15(d) OF THE S ...
Central Garden & Pet(CENT) - 2019 Q1 - Quarterly Report
2019-02-07 20:09
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________________________ FORM 10-Q (Mark One) ý QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 29, 2018 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 or other jurisdicti ...