Forbes Daily: Rising Cocoa Prices Lead Hershey To Raise Candy Prices
The financial performance of the Connecticut-based bank offers a window into the health of U.S. consumers, since the firm says one in every four American adults has a Synchrony card—it offers co-branded credit cards and point-of-sale loans for customers like Sam's Club, Lowe's and PayPal.
After the pandemic caused a spike in default rates, the bank's CEO Brian Doubles said more customers are now paying back their loans than expected. But while Doubles was optimistic about growth this year, one analyst says the bank's customers are particularly vulnerable to inflation because many have below-average credit scores.The Trump Organization has not announced any deals in Abu Dhabi yet, but there have been plenty of signs to suggest it has plans to make a move in the capital of the United Arab Emirates. It's part of a slew of recent overseas Trump projects, all of which represent an about-face for the president, who hung onto ownership of his assets during his first term but stuck them in a trust and promised to launch no new ventures abroad. 'It's gone so far as to be whatever is the direct opposite of government ethics—I suppose we'd call that corruption,' said Walter Shaub, who led the Office of Government Ethics in President Donald Trump's first term before stepping down and speaking out.
Columbia University on Wednesday announced that it has agreed to pay $221 million to settle multiple civil rights investigations opened by the Trump Administration, which accused the university of failing to combat antisemitism on campus. The university said the agreement 'preserves Columbia's autonomy and authority over faculty hiring, admissions, and academic decision-making,' while President Trump praised the university for 'agreeing to do what is right.'
Photo by Beata Zawrzel/NurPhoto via Getty Images
Tesla reported its worst revenue decline in more than a decade Wednesday, as Elon Musk's political activities continue to weigh on the company's bottom line. The EV maker attributed the downturn to a 13% decline in vehicle deliveries in the second quarter and less cash from selling regulatory credits, though analysts have expressed some optimism after the company's limited robotaxi rollout in Austin, Texas.
It was harder to sell a small business last quarter, data from online marketplace BizBuySell shows, as buyers were cautious about higher interest rates, tougher loan rules and overall economic stability. The median sale price also fell by 6% on a year-over-year basis, but some sectors were more impacted than others: Service-oriented businesses like healthcare and construction continue to attract buyers, while manufacturing took a sharp hit.
Record high home prices and elevated mortgage rates are tamping down real estate demand, as sales of existing homes fell 2.7% in June, according to data from the National Association of Realtors. The median existing-home price reached an all-time high of $435,000, and NAR Chief Economist Lawrence Yun said years of undersupply are driving the record prices. TECH + INNOVATION
Vanta cofounder and CEO Christina Cacioppo Katie Thompson
Security and compliance software company Vanta said Wednesday it raised $150 million, valuing the startup at $4.15 billion. The firm, cofounded by CEO Christina Cacioppo, who is on Forbes' list of America's Richest Self-Made Women, seeks to automate businesses' security compliance processes, through both continuous monitoring and real-time reports with the help of AI.
Google parent company Alphabet exceeded expectations for its second-quarter earnings, spurred by its cloud and search business, though shares remain relatively flat for the year. Experts have mixed expectations for the company's stock ahead of a looming antitrust ruling that could force a sale of its Chrome browser. MONEY + POLITICS
U.S. Attorney General Pam Bondi Photo byIn the latest update to a quickly escalating crisis for the White House, the Wall Street Journal reported that Attorney General Pam Bondi told President Donald Trump he was named multiple times in the Epstein files at a routine briefing in May. Officials reportedly told Trump the files contained rumors about him and other high-profile figures who socialized with Epstein in the past. Trump had a long association with the disgraced financier before Epstein pleaded guilty to sex crimes in 2008.
In a 2-1 ruling, the 9th U.S. Circuit Court of Appeals upheld a lower court ruling that blocked President Donald Trump's order seeking to end birthright citizenship, deeming it unconstitutional. In its majority opinion, the court said that the executive order 'contradicts the plain language of the Fourteenth Amendment's grant of citizenship to 'all persons born in the United States.'' Wednesday's ruling will likely set up a future hearing by the Supreme Court. TRENDS + EXPLAINERS
President Donald Trump's battle with universities has focused on elite private schools, but the impacts on higher education as a whole have been sweeping: In the first six months of the Trump Administration, federal agencies—primarily the National Institutes of Health and the National Science Foundation—canceled more than 4,000 grant awards worth an estimated $7 billion at over 600 colleges and universities. Among the 10 states that have lost the most funding per student, four are red and six are blue, a new report from the left-leaning think tank Center for American Progress shows. DAILY COVER STORY Former Citigroup Chair Sandy Weill's New $100 Million Gift To Harness AI For A West Coast Cancer Hub
Philanthropists Joan and Sandy Weill Walter Zarnowitz/UCSF
Sanford 'Sandy' Weill, the former CEO and chairman of banking giant Citigroup, and his wife Joan have been big donors to medical research on both coasts of the U.S. Now, the couple are taking it up a notch.
On Wednesday, two Bay Area universities—University of California, San Francisco and Stanford University—announced a $100 million gift over 10 years from the Weill Family Foundation for a new cancer hub that is designed to advance cancer research and treatment via four specific projects.
The gift, a matching grant, has the goal of raising an additional $100 million for the new initiative, called the Weill Cancer Hub West. A quarter of the matching funds have already been raised, the universities said. Sandy Weill, who retired as Citigroup CEO in 2003 and as chairman in 2006 and dropped off Forbes' billionaires list in 2022 as a result of his charitable giving, is now 92 years old and devoting most of his time to philanthropy via he and Joan's $425 million (assets) charitable foundation.
Though the death rate from cancer has fallen by about a third in the past quarter century, cancer is still on the rise, with almost 20 million new cases annually and about 10 million deaths globally each year.
The Weill Cancer Hub West will harness recent promising developments to tackle cancer. One project will use the gene editing tool CRISPR to engineer immune cells inside the body by injecting the CRISPR machinery into a patient, deliver it to a patient's immune cells, and reprogram those cells to go after the cancer. Another project, in the area of cellular therapy, aims to build weaponized cells that are personalized to each patient to go after solid tumors—like breast cancer or pancreatic cancer.
WHY IT MATTERS 'This donation comes at a time when funding for more than 1,000 grants from the National Institutes of Health has reported to have been cut off and a debate continues on dramatically reducing their budget,' says Forbes assistant managing editor Kerry Dolan. 'Though extraordinary progress in cancer treatment has been made in recent decades, there's still much to accomplish. Plus, private funding like the grant from the Weills' foundation enables the two universities to take more risk than they would likely be able to with government funding.'
MORE How This New Biotech Billionaire Outmaneuvered Merck In China FACTS + COMMENTS
Prices on a number of Hershey's candy products will soon increase due to a surge in cocoa prices. The iconic American chocolate company will also adjust each container's weight and quantity:
From the low teens to 20%: The size of the price hikes, which will vary
90 days: The amount of time it typically takes higher prices to materialize at retailers, according to a spokesperson
$15 million to $20 million: The hit Hershey expects to take from President Donald Trump's wide-ranging tariff policies this year STRATEGY + SUCCESS
Modern society places an emphasis on perseverance, but sometimes it's better to know when to walk away. Don't stick with something just because you invested time and money into it—if you spend time on something, it takes away from doing something else that you may be more passionate about. Quitting may be another path to self-improvement. VIDEO QUIZ
An upcoming film from Amazon MGM Studios will feature portrayals of several billionaires. Who is actor Ike Barinholtz in talks to play in the comedy-drama Artificial ?
A. Bill Gates
B. Sam Altman
C. Jeff Bezos
D. Elon Musk
Check your answer.
Thanks for reading! This edition of Forbes Daily was edited by Sarah Whitmire and Chris Dobstaff.
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Veralto Reports Second Quarter 2025 Results
WALTHAM, Mass., July 28, 2025 /PRNewswire/ -- Veralto (NYSE: VLTO) (the "Company"), a global leader in essential water and product quality solutions dedicated to Safeguarding the World's Most Vital Resources™ announced results for the second quarter ended July 4, 2025. Key Second Quarter 2025 Results Sales increased 6.4% year-over-year to $1,371 million, with non-GAAP core sales growth of 4.8% Operating profit margin was 22.8% and non-GAAP adjusted operating profit margin was 23.7% Net earnings were $222 million, or $0.89 per diluted common share Non-GAAP, adjusted net earnings were $232 million, or $0.93 per diluted common share Operating cash flow was $339 million and non-GAAP free cash flow was $323 million "We delivered a strong second quarter led by outstanding commercial execution and steady, broad-based customer demand. Our rigorous application of the Veralto Enterprise System continued to support global growth and operating discipline, while also helping mitigate impacts from changes in global trade policies," said Jennifer L. Honeycutt, President and Chief Executive Officer. "Through the first half, we grew core sales mid-single-digits, expanded adjusted operating profit margins and delivered double-digit adjusted earnings per share growth. These results are a testament to the focused efforts of our global team, our durable business model and secular growth drivers across our end markets," "Based on our first half performance, stable demand across our end markets and our current assessment of macro-economic conditions, we raised our full year core sales growth and adjusted earnings per share guidance. Veralto's financial position remains strong, and we continue to be prudent in evaluating capital allocation opportunities to fuel long-term shareholder value," concluded Honeycutt. 2025 Guidance The Company provides forecasted sales only on a non-GAAP basis because of the difficulty in estimating the other components of GAAP sales, such as currency translation, acquisitions, and divestitures. The guidance below includes the Company's current assessment of the macro-economic environment, including tariffs and the Company's actions to mitigate adverse financial impacts. For the third quarter of 2025, Veralto anticipates that non-GAAP core sales will grow mid-single-digits year-over-year with adjusted diluted earnings per share in the range of $0.91 to $0.95 per share. For the full year 2025, the Company raised its adjusted earnings per share guidance range to $3.72 to $3.80 per share, up from its prior guidance range of $3.60 to $3.70 per share. The Company also increased its full year core sales growth assumption to mid-single-digits, up from its prior assumption of low-to-mid-single-digits. The Company maintained its expectation for full year adjusted operating profit margin expansion in the range of flat to +50 basis points year-over-year and for its free cash flow conversion in the range of 90% to 100%. Conference Call and Webcast Information Veralto will discuss its second quarter results and financial guidance for 2025 during its quarterly investor conference call tomorrow starting at 8:30 a.m. (ET). Access to the call, webcast and an accompanying slide presentation will be available on the "Investors" section of Veralto's website, under the subheading "News & Events" and additional materials will be posted to the same section of Veralto's website. A replay of the webcast will be available in the same section of Veralto's website shortly after the conclusion of the call and will remain available until the next quarterly earnings call. The conference call can be accessed by dialing +1 (800) 343-4136 (U.S.) or +1 (203) 518-9843 (INTL) (Conference ID: VLTO2Q25). A replay of the conference call will be available shortly after the conclusion of the call and until August 7, 2025. You can access the replay dial-in information on the "Investors" section of Veralto's website under the subheading "News & Events." ABOUT VERALTO With annual sales of over $5 billion, Veralto is a global leader in essential technology solutions with a proven track record of solving some of the most complex challenges we face as a society. Our industry-leading companies with globally recognized brands help billions of people around the world access clean water, safe food and trusted essential goods. Headquartered in Waltham, Massachusetts, our global team of nearly 17,000 associates is committed to making an enduring positive impact on our world and united by a powerful purpose: Safeguarding the World's Most Vital Resources™. NON-GAAP MEASURES AND SUPPLEMENTAL MATERIALS In addition to the financial measures prepared in accordance with generally accepted accounting principles (GAAP), this earnings release also contains non-GAAP financial measures. Calculations of these measures, the reasons why we believe these measures provide useful information to investors, a reconciliation of these measures to the most directly comparable GAAP measures, as applicable, and other information relating to these non-GAAP measures are included in the supplemental reconciliation schedule attached. In addition, this earnings release, the slide presentation accompanying the related earnings call, non-GAAP reconciliations and a note containing details of historical and anticipated, future financial performance have been posted to the "Investors" section of Veralto's website ( under the subheading "Quarterly Earnings." FORWARD-LOOKING STATEMENTS Certain statements in this release, including statements regarding the Company's third quarter and full year 2025 financial performance and guidance, the Company's differentiation and positioning to continue delivering sustainable, long-term shareholder value and any other statements regarding events or developments that we believe or anticipate will or may occur in the future are "forward-looking" statements within the meaning of the federal securities laws. All statements other than historical factual information are forward-looking statements, including, without limitation, statements regarding: projections of revenue, expenses, profit, profit margins, asset values, pricing, tax rates, tax provisions, cash flows, pension and benefit obligations and funding requirements, Veralto's liquidity position or other projected financial measures; Veralto's management's plans and strategies for future operations, including statements relating to anticipated operating performance, customer demand, cost reductions, restructuring activities, new product and service developments, competitive strengths or market position, acquisitions and the integration thereof, divestitures, spin-offs, split-offs, initial public offerings, other securities offerings or other distributions, strategic opportunities, stock repurchases, dividends and executive compensation; growth, declines and other trends in markets Veralto sells into, including the impact of changes to global trade policies, restrictions on imports, related countermeasures and reciprocal tariffs; future new or modified laws, regulations, accounting pronouncements or public policy changes; regulatory approvals and the timing and conditionality thereof; outstanding claims, legal proceedings, tax audits and assessments and other contingent liabilities; future foreign currency exchange rates and fluctuations in those rates; results of operations and/or financial condition; general economic and capital markets conditions; the anticipated timing of any of the foregoing; assumptions underlying any of the foregoing; and any other statements that address events or developments that Veralto intends or believes will or may occur in the future. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in our SEC filings. These forward-looking statements speak only as of the date of this release and except to the extent required by applicable law, the Company does not assume any obligation to update or revise any forward-looking statement, whether as a result of new information, future events and developments or otherwise. VERALTO CORPORATION CONSOLIDATED CONDENSED STATEMENTS OF EARNINGS ($ and shares in millions, except per share amounts) (unaudited) Three-Month Period EndedSix-Month Period EndedJuly 4, 2025June 28, 2024July 4, 2025June 28, 2024 Sales $ 1,371$ 1,288$ 2,703$ 2,534 Cost of sales (549)(514)(1,076)(1,013) Gross profit 8227741,6271,521 Operating costs:Selling, general and administrative expenses (442)(414)(861)(808) Research and development expenses (67)(61)(131)(121) Operating profit 313299635592 Nonoperating income (expense):Other income (expense), net —1(6)(14) Interest expense, net (28)(30)(55)(58) Earnings before income taxes 285270574520 Income taxes (63)(67)(127)(133) Net earnings $ 222$ 203$ 447$ 387 Net earnings per common share:Basic $ 0.89$ 0.82$ 1.80$ 1.57 Diluted $ 0.89$ 0.81$ 1.79$ 1.55 Average common stock and common equivalent shares outstanding:Basic 248.2247.2248.0247.1 Diluted 249.9249.3250.0249.1This information is presented for reference only. VERALTO CORPORATION RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES Reconciliation of GAAP to Non-GAAP Financial Measures ($ in millions) Three-Month Period Ended July 4, 2025SalesOperatingprofitOperatingprofit marginNet earnings forcalculation ofdiluted netearnings percommon shareDiluted netearnings percommonshare Reported (GAAP) $ 1,371$ 31322.8 %$ 222$ 0.89 Amortization of acquisition-related intangible assets A —90.790.04 Other items B —30.230.01 Tax effect of the above adjustments C ———(2)(0.01) Adjusted (Non-GAAP) $ 1,371$ 32523.7 %$ 232$ 0.93 Three-Month Period Ended June 28, 2024SalesOperatingprofitOperatingprofit marginNet earnings forcalculation ofdiluted netearnings percommon shareDiluted netearnings percommon share Reported (GAAP) $ 1,288$ 29923.2 %$ 203$ 0.81 Amortization of acquisition-related intangible assets A —100.8100.04 Tax effect of the above adjustments C ———(3)(0.01) Discrete tax adjustments D ———30.01 Adjusted (Non-GAAP) $ 1,288$ 30924.0 %$ 213$ 0.85 VERALTO CORPORATIONRECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURESNotes to Reconciliation of GAAP to Non-GAAP Financial Measures($ in millions) A Amortization of acquisition-related intangible assets in the following historical periods (only the pretax amounts set forth below are reflected in the amortization line item above):Three-Month Period EndedJuly 4, 2025June 28, 2024 Pretax $ 9$ 10 After-tax 77 B Costs incurred in the three-month period ended July 4, 2025 related to certain strategic initiatives ($3 million pretax and after-tax as reported in this line item). C This line item reflects the aggregate tax effect of all nontax adjustments reflected in the preceding line items of the table. In addition, the footnotes above indicate the after-tax amount of each individual adjustment item. Veralto estimates the tax effect of each adjustment item by applying Veralto's overall estimated effective tax rate to the pretax amount, unless the nature of the item and/or the tax jurisdiction in which the item has been recorded requires application of a specific tax rate or tax treatment, in which case the tax effect of such item is estimated by applying such specific tax rate or tax treatment. D Discrete tax matters relate to changes in estimates associated with prior period uncertain tax positions, audit settlements and excess tax benefits from stock-based compensation. VERALTO CORPORATIONRECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURESSales Growth by Segment, Core Sales Growth by Segment % Change Three-Month Period Ended July 4, 2025 2024 PeriodSegmentsTotal CompanyWater QualityProduct Qualityand Innovation Total sales growth (GAAP) 6.4 %6.2 %6.8 % Impact of:Acquisitions/divestitures (0.1) %(0.1) %— % Currency exchange rates (1.5) %(1.1) %(2.2) % Core sales growth (non-GAAP) 4.8 %5.0 %4.6 % VERALTO CORPORATIONRECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES Forecasted Core Sales Growth, Adjusted Operating Profit Margin, Adjusted Diluted Net Earnings per Share and Free Cash Flow to Net Earnings Conversion Ratio The Company provides forecasted sales only on a non-GAAP basis because of the difficulty in estimating the other components of GAAP revenue, such as currency translation, acquisitions and divested product lines. Additionally, we do not reconcile adjusted operating profit margin (or components thereof), adjusted diluted earnings per share or free cash flow to net earnings conversion ratio to the comparable GAAP measures because of the difficulty in estimating the other unknown components such as investment gains and losses, impairments and separation costs, which would be reflected in any forecasted GAAP operating profit, forecasted diluted earnings per share or forecasted net earnings ratio.% Change Three-MonthPeriod Ending October 3,2025 vs. Comparable 2024Period Core sales growth (non-GAAP) +Mid-single-digitsThree-Month Period EndingOctober 3, 2025 Adjusted Diluted Net Earnings per Share (non-GAAP) $0.91 to $0.95% Change Year EndingDecember 31, 2025 2024 Period Core sales growth (non-GAAP) +Mid-single-digitsYear Ending December 31, 2025 Adjusted Operating Profit Margin (non-GAAP) flat to +50 basis points Adjusted Diluted Net Earnings per Share (non-GAAP) $3.72 to $3.80 Free cash flow to net earnings conversion ratio (non-GAAP) 90% to 100% VERALTO CORPORATIONRECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURESCash Flow and Free Cash Flow($ in millions) Three-Month Period EndedJuly 4, 2025June 28, 2024Year-over-YearChange Total Cash Flows:Net cash provided by operating activities (GAAP) $ 339$ 251 Total cash used in investing activities (GAAP) $ (40)$ (11) Total cash used in financing activities (GAAP) $ (15)$ (13) Free Cash Flow:Total cash provided by operating activities (GAAP) $ 339$ 251 ~ 35.0 % Less: payments for additions to property, plant & equipment (capital expenditures) (GAAP) (16)(11) Free cash flow (non-GAAP) $ 323$ 240 ~ 34.5 %We define free cash flow as operating cash flows, less payments for additions to property, plant and equipment ("capital expenditures") plus the proceeds from sales of plant, property and equipment ("capital disposals"). Statement Regarding Non-GAAP Measures Each of the non-GAAP measures set forth above should be considered in addition to, and not as a replacement for or superior to, the comparable GAAP measure, and may not be comparable to similarly titled measures reported by other companies. Management believes that these measures provide useful information to investors by offering additional ways of viewing Veralto Corporation's ("Veralto" or the "Company") results that, when reconciled to the corresponding GAAP measure, help our investors: with respect to the profitability-related non-GAAP measures, understand the long-term profitability trends of our business and compare our profitability to prior and future periods and to our peers; with respect to core sales and related sales measures, identify underlying growth trends in our business and compare our sales performance with prior and future periods and to our peers; and with respect to free cash flow and related cash flow measures (the "FCF Measure"), understand Veralto's ability to generate cash without external financings, strengthen its balance sheet, invest in its business and grow its business through acquisitions and other strategic opportunities (although a limitation of free cash flow is that it does not take into account the Company's non-discretionary expenditures, and as a result the entire free cash flow amount is not necessarily available for discretionary expenditures). Management uses these non-GAAP measures to measure the Company's operating and financial performance. The items excluded from the non-GAAP measures set forth above have been excluded for the following reasons: Amortization of Intangible Assets: We exclude the amortization of acquisition-related intangible assets because the amount and timing of such charges are significantly impacted by the timing, size, number and nature of the acquisitions we consummate. While we have a history of significant acquisition activity, we do not acquire businesses on a predictable cycle, and the amount of an acquisition's purchase price allocated to intangible assets and related amortization term are unique to each acquisition and can vary significantly from acquisition to acquisition. Exclusion of this amortization expense facilitates more consistent comparisons of operating results over time between our newly acquired and long-held businesses, and with both acquisitive and non-acquisitive peer companies. We believe however that it is important for investors to understand that such intangible assets contribute to sales generation and that intangible asset amortization related to past acquisitions will recur in future periods until such intangible assets have been fully amortized. Restructuring Charges: We exclude costs incurred pursuant to discrete restructuring plans that are fundamentally different (in terms of the size, strategic nature and planning requirements, as well as the inconsistent frequency, of such plans) from the ongoing productivity improvements that result from application of the Veralto Enterprise System. Because these restructuring plans are incremental to the core activities that arise in the ordinary course of our business and we believe are not indicative of Veralto's ongoing operating costs in a given period, we exclude these costs to facilitate a more consistent comparison of operating results over time. Other Adjustments: With respect to the other items excluded from the profitability-related non-GAAP measures, we exclude these items because they are of a nature and/or size that occur with inconsistent frequency, occur for reasons that may be unrelated to Veralto's commercial performance during the period and/or we believe that such items may obscure underlying business trends and make comparisons of long-term performance difficult. With respect to core operating profit margin changes, in addition to the explanation set forth in the bullets above relating to "restructuring charges" and "other adjustments", we exclude the impact of businesses owned for less than one year (or disposed of during such period and not treated as discontinued operations) because the timing, size, number and nature of such transactions can vary significantly from period to period and may obscure underlying business trends and make comparisons of long-term performance difficult. With respect to core sales related measures, (1) we exclude the impact of currency translation because it is not under management's control, is subject to volatility and can obscure underlying business trends, and (2) we exclude the effect of acquisitions and divested product lines because the timing, size, number and nature of such transactions can vary significantly from period-to-period and between us and our peers, which we believe may obscure underlying business trends and make comparisons of long-term performance difficult. With respect to the FCF Measure, we exclude payments for additions to property, plant and equipment (net of the proceeds from capital disposals) to demonstrate the amount of operating cash flow for the period that remains after accounting for the Company's capital expenditure requirements. View original content to download multimedia: SOURCE Veralto
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Simpson Manufacturing: Q2 Earnings Snapshot
PLEASANTON, Calif. (AP) — PLEASANTON, Calif. (AP) — Simpson Manufacturing Co. (SSD) on Monday reported net income of $103.5 million in its second quarter. The Pleasanton, California-based company said it had net income of $2.47 per share. The building materials company posted revenue of $631.1 million in the period. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on SSD at
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Central Garden & Pet to Announce Q3 Fiscal 2025 Financial Results
WALNUT CREEK, Calif., July 28, 2025--(BUSINESS WIRE)--Central Garden & Pet Company (NASDAQ: CENT) (NASDAQ: CENTA) ("Central"), a market leader in the pet and garden industries, will release its fiscal 2025 third quarter results for the period ending June 28, 2025, after market close on Wednesday, August 6, 2025. On the same day, Central will host a conference call at 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time), led by CEO Niko Lahanas and CFO Brad Smith, to review these results and to provide a business update. A live webcast, replay and related materials will be available at To join by phone, please dial +1 (201) 689-8345 for both domestic and international participants. About Central Garden & Pet Central Garden & Pet Company (NASDAQ: CENT) (NASDAQ: CENTA) understands home is central to life and has proudly nurtured happy and healthy homes for over 45 years. With fiscal 2024 net sales of $3.2 billion, Central is on a mission to lead the future of the pet and garden industries. The Company's innovative and trusted products are dedicated to helping lawns grow greener, gardens bloom bigger, pets live healthier, and communities grow stronger. Central is home to a leading portfolio of more than 65 high-quality brands including Amdro®, Aqueon®, Cadet®, C&S®, Farnam®, Ferry-Morse®, Four Paws®, Kaytee®, Nylabone® and Pennington®, strong manufacturing and distribution capabilities, and a passionate, entrepreneurial growth culture. Central is based in Walnut Creek, California, with over 6,000 employees primarily across North America. Visit to learn more. View source version on Contacts Investor & Media Contact Friederike EdelmannVP of Investor Relations & Corporate Sustainabilityfedelmann@ | (925) 412 6726 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
