Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Central Garden & Pet (Nasdaq: CENT) fell 12% after the company released earnings.

So what: In the fourth quarter, revenue fell 4.5% to $347 million, and the company had a loss of $8.8 million, or $0.14 per share. The loss was a big surprise to analysts, who were expecting positive earnings of $0.14 per share.

Now what: Customers lost their green thumbs in the latest quarter as the garden products segment got hit hard. Pet products couldn't pick up the slack, leaving Central Garden & Pet hoping for better days. Even though this Fool hates selling on a down day, I don't see a lot of positives from this earnings report.

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