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CENT Central Garden & Pet

Central Garden & Pet Co. engages in the innovation, production, and distribution of branded private label products for the lawn and garden and pet supplies markets. It operates through Pet and Garden segments. The Pet segment consists of Four Paws Products, TFH Publications, Kaytee, Aquatics, Interpet, Pets International, Breeder's Choice, and Life Sciences. The Garden segment consists of Pennington Seed, Matthews Four Seasons, Grant's, AMBRANDS, Lilly Miller, the Pottery Group, Gulfstream, and GKI/Bethlehem Lighting. The company was founded by William E. Brown in 1980 and is headquartered in Walnut Creek, CA.

Company profile

Ticker
CENT, CENTA
Exchange
CEO
Timothy Cofer
Employees
Incorporated
Location
Fiscal year end
Former names
CENTRAL GARDEN & PET COMPANY
SEC CIK
IRS number
680275553

CENT stock data

(
)

Calendar

6 May 21
13 Jun 21
25 Sep 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Sep 20 Sep 19 Sep 18 Sep 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 52.48M 52.48M 52.48M 52.48M 52.48M 52.48M
Cash burn (monthly) 189.82M 24.34M (positive/no burn) (positive/no burn) 28.02M (positive/no burn)
Cash used (since last report) 486.09M 62.33M n/a n/a 71.75M n/a
Cash remaining -433.6M -9.85M n/a n/a -19.27M n/a
Runway (months of cash) -2.3 -0.4 n/a n/a -0.7 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
24 May 21 John D. Walker III Class A Common Stock Sell Dispose S No No 50.6706 6,976 353.48K 101,772
16 May 21 Nicholas Lahanas Class A Common Stock Payment of exercise Dispose F No No 53.06 1,058 56.14K 123,108
10 May 21 Yuhas George A. Class A Common Stock Sell Dispose S No No 54.13 11,865 642.25K 21,628
10 May 21 John D. Walker III Class A common Stock Payment of exercise Dispose F No No 54.86 10,196 559.35K 107,856
10 May 21 John D. Walker III Class A Common Stock Payment of exercise Dispose F No No 54.86 9,304 510.42K 108,748
10 May 21 John D. Walker III Class A Common Stock Option exercise Aquire M No No 13.82 19,500 269.49K 118,052
10 May 21 John D. Walker III Stock Option Class A Common Stock Option exercise Dispose M No No 13.82 19,500 269.49K 0

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

87.4% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 143 211 -32.2%
Opened positions 17 87 -80.5%
Closed positions 85 8 +962.5%
Increased positions 11 105 -89.5%
Reduced positions 104 10 +940.0%
13F shares
Current Prev Q Change
Total value 816.97M 1.85B -55.7%
Total shares 9.91M 46.91M -78.9%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
BLK Blackrock 1.66M $96.25M -78.6%
Vanguard 1.29M $74.6M -76.0%
WFC Wells Fargo & Co. 990.94K $57.48M -57.8%
Dimensional Fund Advisors 768.28K $44.71M -77.2%
Atlanta Capital Management Co L L C 713.77K $41.41M -0.3%
Renaissance Technologies 405.29K $23.51M -76.1%
Allianz Asset Management GmbH 349.01K $20.25M +69.4%
STT State Street 335.82K $19.48M -79.0%
GW&K Investment Management 309.15K $17.93M -76.5%
Lord, Abbett & Co. 254.73K $14.78M +14.3%
Largest transactions
Shares Bought/sold Change
BLK Blackrock 1.66M -6.09M -78.6%
Vanguard 1.29M -4.07M -76.0%
Dimensional Fund Advisors 768.28K -2.6M -77.2%
SAMG Silvercrest Asset Management 0 -1.37M EXIT
WFC Wells Fargo & Co. 990.94K -1.36M -57.8%
Renaissance Technologies 405.29K -1.29M -76.1%
STT State Street 335.82K -1.26M -79.0%
LSV Asset Management 0 -1.1M EXIT
WHG Westwood 0 -1.08M EXIT
Armistice Capital 0 -1.06M EXIT

Financial report summary

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Risks
  • The COVID-19 pandemic has impacted how we are operating our business, and the duration and extent to which this will impact our future results of operations and overall financial performance remains uncertain.
  • Our operating results and cash flow are susceptible to fluctuations.
  • Seeds and grains we use to produce bird feed and grass seed are commodity products subject to price volatility that has had, and could have, a negative impact on us.
  • We are subject to significant risks associated with innovation, including the risk that our new product innovations will not produce sufficient sales to recoup our investment.
  • A decline in consumers’ discretionary spending or a change in consumer preferences could reduce our sales and harm our business.
  • Supply disruptions in pet birds, small animals and fish may negatively impact our sales.
  • Our lawn and garden sales are highly seasonal and subject to adverse weather.
  • We depend on a few customers for a significant portion of our business.
  • Tariffs or a global trade war could increase the cost of our products, which could adversely impact the competitiveness of our products and our financial results.
  • We may be adversely affected by trends in the retail industry.
  • Issues with products may lead to product liability, personal injury or property damage claims, recalls, withdrawals, replacements of products, regulatory actions by governmental authorities that could divert resources, affect business operations, decrease sales, increase costs, and put us at a competitive disadvantage, any of which could have a significant adverse effect on our results of operations and financial condition.
  • Competition in our industries may hinder our ability to execute our business strategy, increase our profitability or maintain relationships with existing customers.
  • We continue to implement an enterprise resource planning information technology system.
  • Some of the products that we manufacture and distribute require governmental permits and also subject us to potential environmental liabilities.
  • Our business is dependent upon our ability to continue to source products from China.
  • Deterioration in operating results could prevent us from fulfilling our obligations under the terms of our indebtedness or impact our ability to refinance our debt on favorable terms as it matures.
  • Our acquisition strategy involves a number of risks.
  • If our goodwill, indefinite-lived intangible assets or other long-term assets become impaired, we will be required to record impairment charges, which may be significant.
  • Our success depends upon our retaining and recruiting key personnel.
  • Inflation, deflation, economic uncertainty and other adverse macro-economic conditions may harm our business.
  • Our inability to protect our trademarks and any other proprietary rights may have a significant, negative impact on our business.
  • Rising energy prices could adversely affect our operating results.
  • The products that we manufacture and distribute could expose us to product liability claims.
  • We have pending litigation which could adversely impact our operating results.
  • We are subject to cyber security risks and may incur increasing costs in an effort to minimize those risks.
  • We do not expect to pay dividends in the foreseeable future.
  • We may issue additional shares of our common stock or Class A common stock that could dilute the value and market price of our stock.
  • Our founder, through his holdings of our Class B common stock, exercises effective control of the Company, which may discourage potential acquisitions of our business and could have an adverse effect on the market price of our stock.
  • We have authorized the issuance of shares of common stock, Class A common stock and preferred stock, which may discourage potential acquisitions of our business and could have an adverse effect on the market price of our common stock and our Class A common stock.
Management Discussion
  • Item 2.    Management’s Discussion and Analysis of Financial Condition and Results of Operations
  • Central Garden & Pet Company (“Central”) is a leading innovator, producer and distributor of branded and private label products for the lawn & garden and pet supplies markets in the United States. We have grown our business through a succession of over 50 acquisitions and created a broad portfolio which allows for economies of scale and market advantages.
  • products for birds, small animals and specialty pets, including food, cages and habitats, toys, chews and related accessories; animal and household health and insect control products; live fish and products for fish, reptiles and other aquarium-based pets, including aquariums, furniture and lighting fixtures, pumps, filters, water conditioners, food and supplements, products for horses and livestock, as well as outdoor cushions and pillows. These products are sold under the brands including Aqueon®, Cadet®, Comfort Zone®, Farnam®, Four Paws®, Kaytee®, K&H Pet Products®, Nylabone®, and Zilla® as well as a number of other brands including Adams™, Altosid®, Arden Companies™, Coralife®, C&S Products®, Interpet®, Pet Select®, TFH™, and Zodiac®.
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