Mucky pup! Pet owner finds her WHOLE kitchen covered in muddy paw prints

Mucky pup! Pet owner finds her WHOLE kitchen covered in muddy paw prints after her rain-soaked dog sneaks in via the cat flap

  • Kerry Templeton, from Hampshire, accidentally left her cat flap open when she went out on Saturday night, giving her dog Maddie a way into the garden
  • Torrential rain seen in the UK over the weekend had left her garden a ‘swamp’ 
  • Maddie rolled around in the mud before squeezing back into the house and covering the whole kitchen with her dirty paw prints
  • Kerry posted photos of the mess on Facebook, and admitted she had to clean the kitchen twice and was still finding splatters of mud the next day 

A puddle-loving dog has showed the carnage that can ensue when muddy paws meet a clean kitchen. 

Pet owner Kerry Templeton, from Gosport, Hampshire, shared on social media what happened when her adorable-looking dog, Maddie, managed to squeeze through the cat flap of her home and enjoy a run out during a downpour.  

The hilarious photos – which greeted Kerry when she returned from a night with friends – show exactly what happened when Maddie squeezed back in, with the whole kitchen covered in mud, and a very sheepish-looking dog looking up at her. 

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A real-life What-a-Mess! Kerry Templeton, from Hampshire, accidentally left her cat flap open when she went out on Saturday night, giving her dog Maddie a way into the garden

A real-life What-a-Mess! Kerry Templeton, from Hampshire, accidentally left her cat flap open when she went out on Saturday night, giving her dog Maddie a way into the garden

Torrential rain seen in the UK over the weekend had left Kerry's garden a 'swamp'...and when Maddie returned after some fresh air, the pet left par prints everywhere

Torrential rain seen in the UK over the weekend had left Kerry’s garden a ‘swamp’…and when Maddie returned after some fresh air, the pet left par prints everywhere

Owner Kerry Templeton said she was relieved she'd shut the kitchen door or the chaos could have continued into the living room

Owner Kerry Templeton said she was relieved she’d shut the kitchen door or the chaos could have continued into the living room

Maddie, who actually has white fur, was covered from nose-to-tail in dirt after she’d managed to squeeze through the cat flap and roll around in the garden.

Returning back to the warmth of indoors, Maddie preceded to cover the whole white and beige kitchen in mud.

Paw prints covered the entire kitchen floor with the walls, stools, washing machine, fridge and door also all splattered with mud. 

After cleaning up the kitchen, Kerry’s daughter Scarlett had to give Maddie two baths to get all the dirt out of her coat.

Posting on Facebook on Monday, Kerry revealed what she’d come home to, saying: ‘Thought I’d share this with you as it has brought lots of laughter on my private FB page. I can laugh about it now!

‘Saturday night I went out with friends to come home to this. I had left the cat flap open (which my dog can fit through) and the torrential rain had turned my garden into a swamp!

She added: ‘Thank God I closed the kitchen door!’ 

Later she added that she would normally leave the catflap closed when on a night out: ‘Just forgot this time.

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Central Garden & Pet Announces Pricing of $500 Million of Senior Notes

Central Garden & Pet Company (NASDAQ: CENT) (NASDAQ: CENTA) (“Central”), announced today it has priced an offering of $500 million aggregate principal amount of 4.125% senior notes due 2030 (the “notes”), which represents an increase in the offering size of $100 million from the previously announced offering of $400 million. The sale of the notes is expected to close on October 16, 2020, subject to customary closing conditions. The notes will be unconditionally guaranteed on a senior basis by each of Central’s existing and future domestic restricted subsidiaries who are borrowers under or guarantors of Central’s senior secured revolving credit facility or guarantee Central’s other debt. Central intends to use the net proceeds from the offering to redeem its outstanding 6.125% senior notes due 2023 (the “existing notes”), and to pay related fees and expenses, with the remainder for general corporate purposes.

BofA Securities, Inc, J.P. Morgan Securities LLC and Truist Securities, Inc. will serve as joint book-running managers for the offering, and BMO Capital Markets Inc., KeyBanc Capital Markets Inc. and U.S. Bancorp Investments, Inc. will serve as co-managers.

Copies of the prospectus relating to the offering may be obtained by contacting BofA Securities, Inc, NC1-004-03-43; 200 North College Street, 3rd Floor, Charlotte, NC 28255-0001, Attention: Prospectus Department or by calling 1-800-294-1322; J.P. Morgan Securities LLC., c/o Broadridge Financial Solutions, Attention: Prospectus Department, 1155 Long Island Avenue, Edgewood, NY 11717 or by calling 1-866-803-9204; or Truist Securities, Inc., 3333 Peachtree Road NE, 9th floor, Atlanta, Georgia 30326, Attention: Prospectus Department or by calling 1-404-926-5906. The prospectus may also be obtained from the U.S. Securities and Exchange Commission’s website at http://www.sec.gov.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities. Offers of securities will be made only by means of a prospectus filed with the U.S. Securities and Exchange Commission. The prospectus is part of a shelf registration statement that has become effective under the Securities Act of 1933, as amended. In addition, this press release does not constitute a notice of redemption with respect to the existing notes. Any such notice of redemption will be separately issued by Central when and if the existing notes are called for redemption.

About Central Garden & Pet

Central Garden & Pet Company is a leading innovator, producer and distributor of branded and private label products for the lawn & garden and pet supplies markets. Committed to new product innovation, our products are sold to specialty independent and mass retailers. Participating categories in Lawn & Garden include: Grass seed and the brands PENNINGTON®, and THE REBELS®; wild bird feed and the brand PENNINGTON®; weed and insect control and the brands AMDRO®, SEVIN®, and OVER-N-OUT®; fertilizer and the brands PENNINGTON® and IRONITE®; live plants from BELL NURSERY; outdoor cushions and pillows from ARDEN COMPANIES; and decorative outdoor patio products under the PENNINGTON® brand. We also provide a host of other regional and application-specific garden brands and supplies. Participating categories in Pet

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Central Garden & Pet Announces Offering of $400 Million of Senior Notes

Central Garden & Pet Company (NASDAQ: CENT) (NASDAQ: CENTA) (“Central”), announced today it has commenced an offering, subject to market and other conditions, of $400 million aggregate principal amount of senior notes due 2030 (the “notes”). The notes will be unconditionally guaranteed on a senior basis by each of Central’s existing and future domestic restricted subsidiaries who are borrowers under, or guarantors of, Central’s senior secured revolving credit facility or guarantee Central’s other debt. Central intends to use the net proceeds from the offering, together with cash on hand, to redeem its outstanding 6.125% senior notes due 2023 (the “existing notes”) and to pay related fees and expenses.

BofA Securities, Inc, J.P. Morgan Securities LLC and Truist Securities, Inc. will serve as joint book-running managers for the offering, and BMO Capital Markets Inc., KeyBanc Capital Markets Inc. and U.S. Bancorp Investments, Inc. will serve as co-managers.

Copies of the prospectus relating to the offering may be obtained by contacting BofA Securities, Inc, NC1-004-03-43; 200 North College Street, 3rd Floor, Charlotte, NC 28255-0001, Attention: Prospectus Department or by calling 1-800-294-1322; J.P. Morgan Securities LLC., c/o Broadridge Financial Solutions, Attention: Prospectus Department, 1155 Long Island Avenue, Edgewood, NY 11717 or by calling 1-866-803-9204; or Truist Securities, Inc., 3333 Peachtree Road NE, 9th floor, Atlanta, Georgia 30326, Attention: Prospectus Department or by calling 1-404-926-5906. The prospectus may also be obtained from the U.S. Securities and Exchange Commission’s website at http://www.sec.gov.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities. Offers of securities will be made only by means of a prospectus filed with the U.S. Securities and Exchange Commission. The prospectus is part of a shelf registration statement that has become effective under the Securities Act of 1933, as amended. In addition, this press release does not constitute a notice of redemption with respect to the existing notes. Any such notice of redemption will be separately issued by Central when and if the existing notes are called for redemption.

About Central Garden & Pet

Central Garden & Pet Company is a leading innovator, producer and distributor of branded and private label products for the lawn & garden and pet supplies markets. Committed to new product innovation, our products are sold to specialty independent and mass retailers. Participating categories in Lawn & Garden include: Grass seed and the brands PENNINGTON®, and THE REBELS®; wild bird feed and the brand PENNINGTON®; weed and insect control and the brands AMDRO®, SEVIN®, and OVER-N-OUT®; fertilizer and the brands PENNINGTON® and IRONITE®; live plants from BELL NURSERY; outdoor cushions and pillows from ARDEN COMPANIES; and decorative outdoor patio products under the PENNINGTON® brand. We also provide a host of other regional and application-specific garden brands and supplies. Participating categories in Pet include: Animal health and the brands ADAMS™, COMFORT ZONE®, FARNAM®, HORSE HEALTH™ and VITAFLEX®; aquatics and reptile and the brands AQUEON®, CORALIFE®, SEGREST™ and ZILLA®; bird & small animal and the brands KAYTEE®, Forti-Diet®

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Central Garden & Pet Company: Trading At Fair Value (NASDAQ:CENT)

After an impressive run-up in price, shares in Central Garden & Pet Company (CENT) are taking a breather, retracing from their 52-week highs, and currently trading at $37.8 per share.

The company has benefited from the change in consumer behavior as restrictions were placed to combat the spread of COVID. We have seen that strength translate to retailers such as The Home Depot (HD), Tractor Supply (TSCO), and competitor Scotts Miracle-Gro (SMG), all showing impressive year-to-date results and pointing to an industry enjoying the tailwinds from a shift in discretionary spending towards categories such as gardening and pets, as consumers find themselves with more time spent at home.

As it relates to CENT, the company’s Q3 was its best-performing quarter in its history driven by robust consumer demand. The company ended the quarter with $495M in cash and a leverage ratio of 2.4x, within management’s targeted range.

While the company still expects strong demand in Q4, management guided for a slight earnings loss in Q4 as they increase levels of spending towards e-commerce, digital marketing, and cost control measures. As a result, management expects full-year EPS to be at or above $1.90, implying negative EPS of minus $0.08 in the upcoming quarter. However, it’s important to keep in mind that Q4 is the smallest earnings quarter for the company. For example, in Q4 of 2018 and 2019, the company did $0.03 and $0.04, respectively in diluted EPS.

From a valuation point of view, the company is trading at a forward P/E multiple of 19x, approximately in-line with its 5-year average of 22.8x. We believe CENT is trading at fair value and the stock price is already pricing in the favorable outlook for CENT’s business segments (mainly Pet products and Garden Products). We also believe revenue growth through acquisitions might be hard to come by in a hot market. M&A has been the main growth driver for CENT, having completed 50 acquisitions since 1992. However, with strong tailwinds lifting the sector, management might have trouble finding a suitable deal at a reasonable valuation.

To sustain forward earnings of 18x, organic growth needs to remain resilient, which would depend in part on how the pandemic develops in the upcoming quarters. If a vaccine takes longer than expected, then it is reasonable to assume consumers would keep spending their discretionary incomes towards categories such as pets and gardens.

That said, with CENT trading at a fair value multiple, we would rather wait for a bigger margin of safety before initiating a position to account for the unpredictability of the current market. We are neutral on the company.

Tailwinds drove CENT’s best quarterly results

CENT reported third-quarter sales of $833M, up 18% on a year-over-year basis, and beating expectations by $110M. The company also reported a GAAP EPS of $1.27, beating the consensus by $0.43.

There was strong demand for both CENT’s product segments. The company experienced organic sales of 18% in Garden, and 15% in Pets compared to the prior-year period.

Operating margins

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The Zacks Analyst Blog Highlights: Atlas Air Worldwide, BMC Stock, Central Garden & Pet Company, Comfort Systems USA and DICK’S Sporting Goods

For Immediate Release

Chicago, IL – September 17, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Atlas Air Worldwide Holdings, Inc. AAWW, BMC Stock Holdings, Inc. BMCH, Central Garden & Pet Company CENT, Comfort Systems USA, Inc. FIX and DICK’S Sporting Goods, Inc. DKS.

Here are highlights from Wednesday’s Analyst Blog:

Wall Street Makes Record Recovery from Coronavirus: 5 Growth Picks

The Dow Jones Industrial Average, despite the recent turmoil, has almost recovered all losses suffered during the coronavirus pandemic. The blue-chip index bounced back from the bear market territory in March and is now near its all-time high achieved on Feb 12, 2020.

Similarly, the S&P 500 had plummeted more than 30% within six weeks this spring, marking its fastest descent from record levels into a bear market. But the broader index has been on an uptrend, recording the fifth successive month of rally in August in more than 80 years.

What’s more, the S&P 500’s journey from a record high in February to a bear market in March, and then again to a new record, only took 126 trading days this year, the fastest-ever climb. To put things into perspective, if we go back to 1928, it took the index 1,500 trading sessions to return to record levels after slipping into bear territory.

This year’s stock market rebound has been even more startling, since the year has been plagued by a pandemic that left millions of Americans unemployed, while corporate profits have seen the steepest collapse in a decade. So, what drove the historic rally? Primarily, stimulus from the Fed and the Congress helped the stock market scale north.

The Fed has kept interest rates at near-zero levels and has promised to keep it at that level even if inflation picks up. Fed’s initiative to lend billions across markets also buoyed investors. Moreover, as Fed bought corporate and Treasury bonds, yields tanked, making stocks more alluring.

At the same time, the U.S. government provided more than 150 million in stimulus checks to Americans and nearly half a trillion dollars in loans to small business houses. The encouraging response along with the lessons learned in the financial crisis of 2008 helped the stock market’s rebound.

And let’s admit, many investors still had faith that the U.S. economy will get its mojo back once the pandemic is under control. In fact, factory activity had accelerated in August, and hiring improved for the fourth straight month. Consumer outlays also picked up in August after a substantial drop. To top it, many analysts opine that the skid in corporate profits has likely bottomed, too. Leuthold Group, a research firm, added that many economists now expect annual GDP to improve next year at a rate not seen in the past 70 years.

Talking about individual performers, the tech behemoths in particular have

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Is Central Garden & Pet (NASDAQ:CENT) Likely To Turn Things Around?

If you’re not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an eye out for. Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and secondly, an increasing amount of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. Having said that, from a first glance at Central Garden & Pet (NASDAQ:CENT) we aren’t jumping out of our chairs at how returns are trending, but let’s have a deeper look.

Return On Capital Employed (ROCE): What is it?

Just to clarify if you’re unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. To calculate this metric for Central Garden & Pet, this is the formula:

Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets – Current Liabilities)

0.098 = US$184m ÷ (US$2.3b – US$385m) (Based on the trailing twelve months to June 2020).

Therefore, Central Garden & Pet has an ROCE of 9.8%. In absolute terms, that’s a low return and it also under-performs the Household Products industry average of 16%.

View our latest analysis for Central Garden & Pet

Above you can see how the current ROCE for Central Garden & Pet compares to its prior returns on capital, but there’s only so much you can tell from the past. If you’d like to see what analysts are forecasting going forward, you should check out our free report for Central Garden & Pet.

What Can We Tell From Central Garden & Pet’s ROCE Trend?

In terms of Central Garden & Pet’s historical ROCE trend, it doesn’t exactly demand attention. Over the past five years, ROCE has remained relatively flat at around 9.8% and the business has deployed 96% more capital into its operations. This poor ROCE doesn’t inspire confidence right now, and with the increase in capital employed, it’s evident that the business isn’t deploying the funds into high return investments.

In Conclusion…

As we’ve seen above, Central Garden & Pet’s returns on capital haven’t increased but it is reinvesting in the business. Investors must think there’s better things to come because the stock has knocked it out of the park delivering a 159% gain to shareholders who have held over the last five years. Ultimately, if the underlying trends persist, we wouldn’t hold our breath on it being a multi-bagger going forward.

On a separate note, we’ve found 1 warning sign for Central Garden & Pet you’ll probably want to know about.

While Central Garden & Pet isn’t earning the highest return, check out this free list of companies that are earning high returns on equity with solid balance sheets.

This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and

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Pet owners could talk to their vets about CBD, marijuana products under Michigan House-passed bill

Products promising to alleviate a beloved pet’s pain with CBD oil or THC have long been available to consumers – but Michigan veterinarians are currently operating in a legal gray area when talking about those products with pet owners.

Many Michigan lawmakers are hoping to change that. This week, a bill that would let veterinarians consult with pet owners about the use of marijuana or industrial hemp products for their animals passed the Michigan House unanimously.

Rep. Greg Markkanen, R-Houghton, sponsored the bill after learning from veterinarians in his district that while clients often have questions about how products containing CBD or THC could affect their pet’s health, state law doesn’t explicitly allow veterinarians to discuss the pros and cons of the products with pet owners.

Veterinarians also aren’t technically allowed to initiate discussions about whether a pet has been exposed to marijuana – which experts say can pose problems for treating animals, as THC can interact with other medications or cause medical issues in the event of an accidental overdose.

“We must make sure our veterinarians are able to have open and honest conversations with people about using products containing CBD oil and marijuana to care for their pets,” Markkanen said in a statement following the passage of his bill.

In January, the House Agriculture Committee heard from veterinarians that the law could help lead to better information and research about appropriate uses and side effects for animals, and also help pet owners get trusted medical advice on the products instead of having to research it on the internet.

“Without the correction, it holds our hands behind our backs in properly advocating what would be proper for their pet,” Dr. Kellie Holmstrom, a Marquette veterinarian who helped inspire the legislation, previously told lawmakers.

Michigan has allowed medicinal marijuana use since 2008, and hemp and recreational marijuana were legalized in 2018. CBD, or cannabidiol, is a hemp-derived extract that can be added to oils and lotions and is used as a natural remedy for anxiety, insomnia, depression and pain.

Sales of CBD pet products have increased rapidly throughout the country, increasing from $8 million in 2017 to $32 million in 2018, according to the Brightfield Group. The firm estimates the CBD pet market could reach $1.16 billion nationwide by 2022.

The legislation, House Bill 5085, is now before the Michigan Senate. It would need to pass the Senate and be signed by Gov. Gretchen Whitmer to become law.

Related coverage:

Michigan veterinarians want authority to discuss CBD, marijuana products with pet owners

Q&A with a vet: Is CBD safe for pets?

The CBD pet market could reach $1.16 billion in the U.S. by 2022.

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