CENTA, US1535272058

Central Garden & Pet acquires Burpee. JPMorgan targets Central Garden & Pet stock at USD 37.00

Published on 10/25/2026 at 01:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Burpee joined the portfolio after the September 30 closing. For Central Garden & Pet stock, third-quarter sales were USD 882.36 million and adjusted EPS was USD 1.54.

Corporate expansion and reporting calendar

Central Garden & Pet announced the Burpee acquisition on October 19, 2026, adding a 150-year-old brand.
Fiscal third-quarter revenue reached USD 882.36 million and adjusted earnings per share were USD 1.54.
Central Garden & Pet is scheduled to report its next results on November 30, 2026.

CENTA, US1535272058, Illustration mit AI erstellt.

Central Garden & Pet Company (US1535272058) acquired W. Atlee Burpee Company on October 19, 2026, adding a 150-year-old seed and young-plant brand to its Garden portfolio, according to Central Garden & Pet Company. The transaction closed on September 30, 2026. MarketBeat reported that JPMorgan raised its price target from USD 32.00 to USD 37.00 on July 16, 2026, while maintaining an Underweight rating.

What does Burpee add?

Burpee brings seeds, plants and garden supplies across mass merchandise, grocery, club, e-commerce, catalog, home-improvement and farm-and-fleet channels. The brand was founded in 1876 and will continue operating as a separate entity from Pennsylvania, with Jamie Mattikow remaining chief executive.

The acquisition gives Central another established name in a category where brand recognition and distribution can support seasonal demand. Central said it would provide further acquisition details during its fiscal fourth-quarter and year-end earnings call, including information relevant to integration and future growth.

How did the latest quarter compare?

On May 6, 2026, adjusted earnings per share were USD 1.29 for the fiscal second quarter. On August 5, 2026, adjusted earnings per share rose to USD 1.54 for the fiscal third quarter, while revenue reached USD 882.36 million, according to Benzinga. The latest quarter ended June 27, 2026, and the company website lists non-GAAP gross margin at 36.0 percent, up 140 basis points from the comparable period.

When are the next results?

Central Garden & Pet is scheduled to release its next earnings report on November 30, 2026, according to Investing.com. That report should provide the next quantified update on the Burpee transaction and the companys fiscal-year outlook.

Valuation markers for CENTA

Central Garden & Pet had a USD 2.5 billion market capitalization on October 23, 2026. Its 52-week Nasdaq range was USD 27.39 to USD 40.80, placing the company in the Consumer Defensive sector and Packaged Foods industry.

The further course of trading is shown by the continuously updated real-time quote of Central Garden & Pet stock.