Central Garden & Pet Company (NASDAQ:CENT) Q4 2020 Earnings Conference Call - Final Transcript

Nov 23, 2020 • 04:30 pm ET


Central Garden & Pet Company (NASDAQ:CENT) Q4 2020 Earnings Conference Call - Final Transcript


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Ladies and gentlemen, thank you for standing by. Welcome to Central Garden & Pet's Fourth Quarter Fiscal 2020 Financial Results Conference Call. My name is Victor and I'll be your operator for today. [Operator Instructions]

I would now like to turn the call over to Friederike Edelmann, Vice President, Investor Relations. Please go ahead.

Friederike Edelmann

Thank you, Victor. Good afternoon, everyone. Thank you for joining us. With me on the call today are Tim Cofer, Chief Executive Officer; Niko Lahanas, Chief Financial Officer; J.D. Walker, President, Garden Branded Business; and John Hanson, President, Pet Consumer Products. Our press release providing the results for our fourth quarter and fiscal year ended September 26, 2020 is available on our website at ir.central.com. Also on the website is the GAAP to non-GAAP reconciliation for the non-GAAP measures discussed on this call.

I would like to remind you that statements made during this conference call which are not historical facts, including EPS and other guidance for 2021, expectations for new capital investments, product introductions and future acquisitions 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, expected to be filed tomorrow. Central undertakes no obligation to publicly update these forward-looking statements to reflect new information subsequent events or otherwise.

Now I'll turn the call over to our Chief Executive Officer, Tim Cofer. Tim?

Tim Cofer

Thank you, Friederike. Good afternoon, everyone and thanks for joining the final earnings call of our fiscal 2020. Before we dive into the specific results, I wanted to provide some thoughts on the year and why I'm more confident than ever in our Company and the industries in which we operate. This has been an extraordinary fiscal year. COVID-19 tested the world and our business in ways we could not have predicted and presented the most challenging operating environment in our Company's 40-year history. And yet despite the uncertainty that the coronavirus continues to present each day, our people have seamlessly navigated the challenges and opportunities. And we have delivered the strongest year in our Company's history. These historic results were not by happenstance, they are a result of the continued dedication of our people, the strength of our industries, unparalleled consumer demand and the early results of our long-term strategy.

Over the past fiscal year, I've been proud to witness how our teams prioritize the safety and well-being of their colleagues, while also responding to the constant changes to ensure our business can continue to run efficiently and with excellence. It's been a chapter that has reinforced our commitment to our employees and their unwavering dedication to each other and our consumers. I continue to be sincerely grateful to our employees for their commitment, creativity and collaboration I've seen throughout the year. Together with our customers and supply chain partners, they've done a tremendous job to ensure our business