Central Garden & Pet Co. (NASDAQ:CENT) has added a number of products to their line, and changed pricing, but according to Jefferies, which maintain a "Hold" rating on the retailer, there needs to be more visibility as to the results of those investments to know what the sales growth will be going forward.
Jefferies said, "While new products, brand investments, and pricing could all help the top line, we currently look for only modest sales growth as we await better visibility into the success of these initiatives."
EPS estimates for full year 2011 were lowered to $0.90 from $1.05. Revenue estimates for full year 2011 were lowered to $1.5 billion from $1.6 billion. EPS and revenue estimates for full year 2012 are $1.00 and $1.6 billion.
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