Central Garden & Pet Company (CENT) Corporate presentation summary

Strategic positioning and industry overview

• Operates as a scaled leader in both pet and lawn & garden industries, with over 60 premium brands and $3.1B in FY25 net sales, 95%+ from the U.S.

• Pet and garden markets are large, resilient, and growing, with high household penetration and strong consumer engagement.

• Maintains a diversified portfolio and strong retail partnerships, including private label production and a growing eCommerce presence.

• Demonstrates a proven M&A track record with 60+ acquisitions over four decades.

• Focuses on sustainability, community impact, and employee empowerment as core strategic pillars.

Financial performance and capital allocation

• FY25 net sales reached $3.1B, with non-GAAP EPS of $2.73 and non-GAAP operating income of $265M, up 19% year-over-year.

• Cash and cash equivalents totaled $882M, with a strong balance sheet and gross leverage at 2.8x.

• Multi-year cost reduction and simplification initiatives have improved margins and operational efficiency.

• Capital allocation prioritizes growth investments, targeted M&A, share repurchases, and debt repayment to maintain flexibility.

• Long-term algorithm targets low single-digit organic sales growth, mid-single-digit operating income growth, and faster EPS growth.

Pet and garden business highlights

• Pet segment delivered $1.8B in FY25 sales, with 27% from eCommerce and a 12.5% non-GAAP operating margin.

• Holds leading positions in dog treats, aquatics, small animal, bird, and insect control categories.

• Garden segment achieved $1.3B in FY25 sales, with over 70% from top three customers and 11.1% non-GAAP operating margin.

• Leading brands include Pennington (wild bird, grass seed), Ferry Morse (packet seed), and GardenTech (controls).

• Both segments emphasize innovation, digital marketing, and channel expansion, with strong growth in eCommerce and emerging categories.