-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, RLot94ruyPz+8v+VFFifnpR+0Q7OjHXKe2Tz3UPbGfLyvSwBfqx+CsAWeOfe1Crf tl88btFyewBe7NgV08YVqw== 0001193125-04-180555.txt : 20041028 0001193125-04-180555.hdr.sgml : 20041028 20041028160628 ACCESSION NUMBER: 0001193125-04-180555 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20041028 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20041028 DATE AS OF CHANGE: 20041028 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CENTRAL GARDEN & PET COMPANY CENTRAL INDEX KEY: 0000887733 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-MISCELLANEOUS NONDURABLE GOODS [5190] IRS NUMBER: 680275553 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-20242 FILM NUMBER: 041102812 BUSINESS ADDRESS: STREET 1: 3697 MT DIABLO BLVD SUITE 300 CITY: LAFAYETTE STATE: CA ZIP: 94549 BUSINESS PHONE: 9252834573 MAIL ADDRESS: STREET 1: 3697 MT DIABLO BLVD SUITE 310 CITY: LAFAYETTE STATE: CA ZIP: 94549 8-K 1 d8k.htm FORM 8-K Form 8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 


 

FORM 8-K

 


 

CURRENT REPORT

 

Pursuant To Section 13 Of 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported) October 28, 2004

 


 

Central Garden & Pet Company

(Exact name of registrant as specified in its charter)

 


 

Delaware   0-20242   68-0275553

(State or other jurisdiction

of incorporation)

  (Commission File Number)  

(IRS Employer

Identification No.)

 

1340 Treat Boulevard, Suite 600, Walnut Creek, California   94597
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code (925) 948-4000

 

3697 Mt. Diablo Boulevard, Lafayette, California 94549

(Former name or former address if changed since last report)

 


 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4© under the Exchange Act (17 CFR 240.13e-4©)

 



Item 2.02 Results of Operations and Financial Condition.

 

On October 28, 2004, Central Garden & Pet Company issued a press release announcing its preliminary financial results for the quarter and fiscal year ended September 25, 2004 and guidance for fiscal 2005. A copy of the press release is attached as Exhibit 99.1.

 

Item 9.01 Financial Statements and Exhibits.

 

Exhibit 99.1        Press release dated October 28, 2004.

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

CENTRAL GARDEN & PET COMPANY

By:

 

/s/ Stuart W. Booth


   

Stuart W. Booth

   

Vice President Finance and Chief Financial Officer

 

Dated: October 28, 2004

 

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EX-99.1 2 dex991.htm PRESS RELEASE Press Release

Exhibit 99.1

 

FOR IMMEDIATE RELEASE

 

Contact:   

Paul Warburg

    

Central Garden & Pet

    

925.948.3686

 

CENTRAL GARDEN & PET ANNOUNCES PRELIMINARY FISCAL 2004 RESULTS AND 2005 GUIDANCE

Projects Greater Than 10% Growth in Sales & 25% Growth in Earnings Per Share for 2005

Product Innovation and Acquisitions Drive Growth

 

WALNUT CREEK, CALIFORNIA, October 28, 2004 – Central Garden & Pet Company (NASDAQ: CENT) today announced its guidance for the fiscal year ending September 24, 2005.

 

Net sales for the year are projected to be between $1.40 billion and $1.43 billion, an increase of approximately 11% when compared with fiscal year 2004. Operating income is expected to be between $102 million and $108 million. Net income is expected to be between $52 million and $55 million, an increase of approximately 25% when compared with fiscal year 2004. Earnings per fully diluted share is expected to be between $2.42 and $2.52. These projected results do not include the impact from any future acquisitions.

 

The Company projects fiscal 2004 fully diluted earnings per share to be between $1.98 and $1.99 and sales of approximately $1.27 billion. The upside revision to fiscal year 2004 earnings per share guidance is due primarily to strong demand for mosquito control products in the wake of the hurricanes that impacted Florida and neighboring areas in September, 2004. The Company’s previously issued guidance was $1.92 to $1.96 per fully diluted share. The fiscal 2004 estimates are preliminary and have yet to be reviewed by the Company’s external auditors. The Company is scheduled to release fiscal fourth quarter and full-year results on November 18th, 2004.

 

“Fiscal 2004 ended with positive momentum,” commented Glenn Novotny, President and Chief Executive Officer of Central Garden and Pet. “We continue to anticipate strong contribution from our Pet segment, improved margins from our Garden segment and solid performance from acquisitions we completed in 2004.”


Mr. Novotny concluded: “We continue to focus our business on innovation, quality and service to grow sales and expand margins while executing a disciplined acquisition strategy. The combination of these two initiatives, we believe, will result in material benefits to our customers and shareholders alike.”

 

The Company will discuss its full year fiscal 2005 guidance on a conference call today at 4:30 p.m. EST. The conference call will be simultaneously broadcast over the Internet through Central’s website, http://www.centralgardenandpet.com/. To listen to the webcast, please log on to the website prior to the scheduled call time to register and download any necessary audio software.

 

Central Garden & Pet Company is a leading innovator, marketer and producer of quality branded products for the pet and lawn and garden supplies markets. Our pet products include pet bird and small animal food, aquarium products, flea, tick, mosquito and other pest control products, edible bones, cages, carriers, pet books, and other dog, cat, reptile and small animal products. These products are sold under a number of brand names, including Kaytee, All-Glass Aquarium, Oceanic, Kent Marine, Energy Saver Unlimited, Zodiac, Pre-Strike, Altosid, Nylabone, TFH, Four Paws and Interpet. Our lawn and garden products include grass seed, wild bird food, weed and insect control products, decorative outdoor patio products and ant control products. These products are sold under a number of brand names, including Pennington, Norcal Pottery, New England Pottery, GKI/Bethlehem Lighting, Lilly Miller, Matthews Four Seasons, AMDRO and Grant’s. For additional information on Central Garden & Pet, including access to the Company’s SEC filings, please visit the Company’s website at http://www.centralgardenandpet.com/.

 

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release which are not historical facts, including future earnings guidance, are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. These risks are described in the Company’s Securities and Exchange Commission filings including, without limitation, the resolution of litigation between the Company and Hebert Axelrod. Central undertakes no obligation to publicly update these forward-looking statements to reflect new information, subsequent events or otherwise.

 

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