Central Garden & Pet Co. (CENT) provides pet supplies and lawn and garden products. It has a portfolio of over 65 brands including, Pennington, Nylabone, Aqueon, and Kaytee.
Driven by organic growth and contributions from four acquisitions, CENT’s fiscal 2021 revenue jumped 23% over the prior year to $3.3 billion. Earnings per share jumped 25% to $2.75 from $2.20 a year ago. On January 12, CENT announced its 2022 annual shareholders meeting, which will be held in a virtual-only format.
With these developments in mind, let us take a look at the changes in CENT’s key risk factors that investors should know.
Risk Factors
According to the TipRanks Risk Factors tool, Central Garden & Pet Co’s top risk category is Finance & Corporate, contributing 29% (compared to a sector average of 39%) to the total 31 risks identified. In its recent annual report, the company has added one key risk factor under the Production risk category.
CENT noted that supply chain bottlenecks induced by the COVID-19 environment and higher product demand have led to operational challenges for the company.
The situation has affected CENT’s service and fill rates leading to lost sales for the company. Furthermore, the inflationary environment has also resulted in higher costs of commodities, labor, and freight for the company.
Blogger Opinions
TipRanks data shows that financial blogger opinions are 100% Bullish on Central Garden & Pet Co, compared to a sector average of 75%. CENT will report its first-quarter upcoming earnings on February 2. Shares are up 23.7% over the past 12 months.
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