Beamr video compression achieves up to 50% improvement for AVs
Central Garden & Pet Co. (NASDAQ:CENT) Director Pennington Brooks III recently reported a series of stock transactions involving the company’s Class A common stock. On February 10 and 11, Brooks sold a total of 6,765 shares, generating approximately $223,745. The shares were sold at prices ranging from $32.829 to $33.442 per share. According to InvestingPro analysis, the stock currently appears undervalued based on its Fair Value assessment, with the company maintaining a healthy current ratio of 3.47x.
In addition to these sales, Brooks exercised stock options to acquire 8,803 shares at a price of $22.72 per share, a transaction valued at $200,004. Following these transactions, Brooks holds 36,680 shares of Class A common stock directly, along with additional indirect holdings through various entities and family members. For comprehensive insider trading analysis and additional insights, including 7 key ProTips about CENT’s financial performance, visit InvestingPro.
In other recent news, Central Garden & Pet Company reported strong fiscal first quarter earnings and revenue, surpassing analyst estimates. The company posted earnings per share of $0.21, significantly exceeding the projected -$0.02, while revenue reached $656 million, a 3.3% YoY increase and above the consensus forecast of $630.43 million. This robust performance was attributed to increased shipments, productivity gains, and easing inflation.
The Pet segment experienced a 4% increase in net sales to $427 million, and the Garden segment grew by 2% to $229 million. Despite the positive results, Central Garden & Pet maintained its fiscal 2025 guidance for non-GAAP EPS of $2.20 or better, slightly below analyst consensus of $2.24.
The company’s gross margin improved by 160 basis points to 29.8%, with operating income growing to $28 million from $8 million a year ago. Central Garden & Pet also repurchased $52 million of its stock during the quarter, leaving $131 million available for future stock repurchases. These are the recent developments concerning Central Garden & Pet.
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