Central Garden & Pet announces $100 million share buyback program

Central Garden & Pet announces buyback program

WALNUT CREEK, Calif. — Central Garden & Pet Co. said Thursday its board of directors has approved a new $100 million share repurchase program.

The company, which makes lawn and garden and pet supplies, said it has spent $99.7 million to repurchase 6 million common shares and 4.6 million Class A shares since 2006 under its prior share repurchase program.

Its stock rose 5 cents to close at $9.78.