Central Garden & Pet Company (NASDAQ:CENT) provides products for lawns and gardens and supplies products for pet animals in the United States. It recently announced its FY22 annual results, and it saw stagnant revenue and income growth. They have provided FY23 revenue guidance expecting the revenue to remain stagnant compared to the FY22 revenue. After analyzing all the parameters in this thesis, I will give my opinion about the company’s future. I expect the sales growth rate to remain slow, so I think CENT has no fresh buying opportunity.
CENT operates in two segments Garden and Pet. In the pet segment, they provide supplies of pet animals like toys, pet beds, grooming products, pet containment, cages and habitats, food and supplements, aquariums, pumps, filters, water conditioners, and many more. They offer lawn and garden supplies products like vegetables, live plants,