Street Calls of the Week
WALNUT CREEK, Calif. - Central Garden & Pet Company (NASDAQ:CENT), (NASDAQ:CENTA) has formed a partnership with Cal Athletics to promote pet welfare and adoption, according to a press release statement.
At Cal’s football home opener against Texas Southern, Central executives presented a $10,000 donation to the East Bay SPCA. The company’s pet brands Nylabone and Cadet have been named the official pet toys, chews and treats of Cal Athletics. This initiative comes as the company maintains a solid financial foundation, with InvestingPro data showing liquid assets significantly exceeding short-term obligations.
The partnership includes several fan engagement initiatives, including the Cal Pet of the Game feature, where fans can submit photos of their pets in Cal gear for a chance to win tickets and be featured at home games. The collaboration also introduces Oski’s Pup Club, a free membership program for pet owners that offers benefits including an official certificate, quarterly newsletters, and invitations to pet-friendly events.
"We are excited to partner with Central Garden & Pet and are grateful for their support of Cal Athletics," said Cal Co-Directors of Athletics Jenny Simon-O’Neill and Jay Larson in the announcement.
Central CEO Niko Lahanas, who is a Cal alumnus, stated that the partnership unites "passions for community, education, and pet welfare" and is part of the company’s Central Impact program aimed at creating positive change in communities.
Central Garden & Pet reported fiscal 2024 net sales of $3.2 billion and maintains a portfolio of over 65 brands in the pet and garden industries. The company is headquartered in Walnut Creek, California and employs over 6,000 people primarily across North America.
In other recent news, Central Garden & Pet reported its third-quarter 2025 earnings, revealing a strong earnings per share (EPS) performance that surpassed expectations. The company achieved an EPS of $1.56, exceeding the forecasted $1.35, which represents a 15.56% surprise. However, revenue fell short of expectations, totaling $961 million compared to the anticipated $991.9 million. Canaccord Genuity responded to these results by raising its price target for Central Garden & Pet to $50, maintaining a Buy rating. This decision was made despite the mixed sales performance, where the Pet segment was about 1% below expectations and the Garden segment missed by roughly 3%. These developments highlight recent analyst actions and company performance.
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