Central Garden & Pet Company (CENT) Morgan Stanley Global Consumer & Retail Conference 2025 December 2, 2025 12:45 PM EST
Company Participants
Brad Smith – Chief Financial Officer
Presentation
Unknown Analyst
All right. Thanks for joining us, everybody. I have to start off with 4 important disclosures. Please see the Morgan Stanley disclosure website at www.morganstanley.com/researchdisclosures. If you have any questions, please reach out to your Morgan Stanley sales representative.
Brad, happy to have you here with us today. Thanks for taking the time. And so maybe just to kick it off, for those in the room who may not know Central as much as other staples companies, can you give us a little background on the company and how you think about it?
Question-and-Answer Session
Brad Smith
Chief Financial Officer
Now thank you very much for having us here today. As the name suggests, we are a pet and garden supplies company located in the San Francisco Bay Area. We have roughly $3 billion plus in annual net sales. We do primarily branded consumables and they’re best known by the brand names of the products that we sell. So 2 good examples would be Nylabone treats and toys. If you own a dog, you probably know the name Nylabone. And then Pennington, which is very big in fertilizer and grass seed as well as in wild bird.
Attributes that make us unique as a company, there’s several. First of all, our business was really built on acquiring companies that had founders that grew them to a certain point, decided to take some money off the table, but wanted to stay on and run and continue to grow the businesses in an employee capacity. And so we tend to have a very entrepreneurial spirit with the GMs that are in our businesses.
