Central Garden & Pet stock hits 52-week low at $32.16

In a challenging market environment, Central Garden & Pet Co. (CENT) stock has touched a 52-week low, dipping to $32.16. This latest price level reflects a significant downturn from the company’s performance over the past year, with the stock experiencing a 1-year change of -21.62%. Despite the decline, InvestingPro data shows the company maintains an impressive free cash flow yield of 18% and analysts have set price targets ranging from $40 to $45. Investors are closely monitoring the company’s ability to navigate through market headwinds, as the stock’s current position contrasts sharply with its performance in the previous year. The 52-week low serves as a critical point of focus for shareholders and potential investors as they assess the company’s short-term resilience and long-term growth prospects. For deeper insights and additional ProTips, explore the comprehensive Pro Research Report available on InvestingPro.

In other recent news, Central Garden & Pet reported impressive fiscal first-quarter earnings, surpassing analyst expectations. The company posted earnings per share of $0.21, significantly beating the anticipated -$0.02, with revenue reaching $656 million, above the forecasted $630.43 million. This strong performance was attributed to increased shipments, productivity gains, and easing inflation, contributing to a 3.3% year-over-year revenue growth. Despite these results, Central Garden & Pet maintained its fiscal 2025 guidance for non-GAAP EPS of $2.20, slightly below the analyst consensus of $2.24. The Pet and Garden segments experienced sales growth, with net sales increasing by 4% and 2%, respectively.

Additionally, the company announced updates to executive compensation and shareholder voting results in a recent SEC filing. The Compensation Committee approved cash bonus payments for fiscal 2024 and salary increases for key executives, including the President of Pet Consumer Products and the Chairman of the Board. Shareholders elected ten directors to serve until the 2026 Annual Meeting and ratified Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending September 27, 2025. Central Garden & Pet also repurchased 1.68 million shares, totaling $52 million, during the quarter, with $131 million remaining for future repurchases.

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