Scotts Miracle-Gro (SMG) Tops Q2 EPS by 28c; Lowers Sales Outlook and Sees EPS Pressure

Scotts Miracle-Gro (NYSE: SMG) reported Q2 EPS of $5.03, $0.28 better than the analyst estimate of $4.75. Revenue for the quarter came in at $1.68 billion versus the consensus estimate of $1.66 billion.

GUIDANCE:

• Sales outlook for U.S. Consumer and Hawthorne adjusted to low end of guidance
• Surge in commodities, lower fixed cost leverage expected to pressure EPS in second half
• Productivity enhancement efforts launched to reduce costs, improve margins
• Management to provide update on adjusted EPS outlook in early June

For earnings history and earnings-related data on Scotts Miracle-Gro (SMG) click here.

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