Central Garden & Pet begins $110M buyback
Central Garden & Pet Co.’s board of directors has authorized a new $100 million share-repurchase program following the completion of a program begun in 2006.
Under its prior program, also for $100 million, the company repurchased 6 million shares of common stock and 4.6 million shares of Class A common stock for approximately $99.7 million.
In the new program repurchasing can be handled through brokers and dealers or in privately negotiated transactions.
Walnut Creek-based Central Garden & Pet (NASDAQ: CENT) is a maker of branded products for the garden and pet markets no fax payday loans. The company has approximately 4,000 employees, primarily in North America and Canada.
In its most recent quarter ending March 27, the company had net sales of $441.9 million, compared with $476.4 million in the year-earlier quarter. Its net income was $31.6 million, down from $33 million a year earlier.
Filed under: technology by TheDoor