Central Garden & Pet Company (NASDAQ:CENT) Q4 2019 Earnings Conference Call - Final Transcript

Nov 26, 2019 • 04:30 pm ET


Central Garden & Pet Company (NASDAQ:CENT) Q4 2019 Earnings Conference Call - Final Transcript


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Ladies and gentlemen, thank you for standing by. Welcome to the Central Garden & Pet Fourth Quarter and Fiscal Year 2019 Financial Results Conference Call. My name is Devin and I will be your conference operator for today. [Operator Instructions] As a reminder, this conference is being recorded.

I would now like to turn the call over to Steven Zenker, Vice President of Investor Relations, FP&A and Communications. Please go ahead.

Steven Zenker

Thank you, Devin. Good afternoon everyone, thank you for joining us. With me on the call today are Tim Cofer, Central's New Chief Executive Officer; Niko Lahanas, our Chief Financial Officer; Howard Machek, our SVP Finance and Chief Accounting Officer; J.D Walker, our President, Garden Branded Business and John Hanson, our President Pet Consumer Products.

Our press release providing results for our fourth quarter ended September 28, 2019 is available on our website at www.central.com. Also on the website is the GAAP to non-GAAP reconciliation for any non-GAAP measures discussed on this call. Before I turn the call over to Tim, I would like to remind you that statements made during this conference call which are not historical facts, including EPS and other guidance for 2020, expectations for new capital investments and product introductions, future acquisitions and improved revenue and profitability are forward-looking statements subject to risks and uncertainties that could cause actual results to differ materially from those implied by forward-looking statements.

These risks and others are described in Central's Securities and Exchange Commission filings, including our Annual Report on Form 10-K filed today. Central undertakes no obligation to publicly update these forward-looking statements to reflect new information, subsequent events or otherwise.

Now I will turn the call over to our new CEO, Tim Cofer. Tim?

Tim Cofer

Thanks, Steve and good afternoon. It's a pleasure to be here with all of you today on my first earnings call as the new CEO of Central Garden & Pet. Given that I'm only a few weeks into my tenure here at Central, I'm going to defer to our CFO, Niko Lahanas to review the results for the quarter and the year. But before turning it over to Niko, I'd like to say a few words about why I came to Central in my initial observation's about the opportunities on how we can unlock our company's potential. I've spent the first 6 weeks immersing myself in all things Central, our business, our brands, our customers and our employees. I've embraced an aggressive onboarding agenda traveling coast-to-coast conducting in depth business reviews, touring many of our facilities, meeting key customers and listening to a great deal of feedback from my Central colleagues.

As a result of these engagements, I developed a keen appreciation and respect for what Central has built. And an even greater enthusiasm for our potential moving forward. In my 30 years of consumer products experience, I've had the privilege to lead many different businesses here in the United States and across the globe. In my most recent role as Chief Growth