Central Garden & Pet (CENTA) said Tuesday its board has approved an increase in its share buyback plan allowing the company to buy up to an additional $100 million of its common shares and Class A common shares.
The timing and number of shares repurchased will depend on factors like price, capital availability and other market conditions, the company said.
The company's shares were up over 2% in recent trading.
Price: 34.75, Change: +0.77, Percent Change: +2.25