Central Garden & Pet is a U.S. manufacturer and marketer of branded consumer products across two segments: pet supplies and lawn & garden consumables. The Pet segment, roughly 65% of sales, focuses on consumable products — treats, chews, bedding, bird feed, and animal health and pest control — sold under brands like Nylabone, Kaytee, Farnam, Aqueon, and ADAMS. Central also sells live fish and small animals through wholesale businesses. The Garden segment, roughly 35% of sales, covers grass seed, wild bird feed, packet seed, and lawn and pest control products under brands including Pennington, Ferry-Morse, and Amdro, plus live plants supplied to Home Depot stores through its Bell Nursery business. Garden is highly seasonal, with roughly two-thirds of annual Garden sales occurring in the second and third fiscal quarters, and is exposed to weather — poor spring conditions directly reduce consumer demand. Central sells primarily to large national retailers; Walmart and Home Depot together account for roughly a third of total sales, and the top five retail partners account for roughly 54%. Central has deliberately shifted its product mix toward consumables — now roughly 84% of Pet segment sales — given their recurring revenue and higher margins. Central has also been running a multiyear Cost and Simplicity program, consolidating facilities, rationalizing SKUs, and exiting low-margin businesses, which has been the primary driver of margin expansion. Central's growth strategy centers on organic brand building, e-commerce expansion, and M&A focused on margin-accretive, consumable-oriented pet businesses.