Scotts Miracle-Gro (SMG) Lowers FY Outlook

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Go back to Scotts Miracle-Gro (SMG) Lowers FY Outlook

ScottsMiracle-Gro Updates Fiscal 2017 Sales and Adjusted EPS Outlook

June 13, 2017 7:30 AM EDT

MARYSVILLE, Ohio, June 13, 2017 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE: SMG), the worlds leading marketer of branded consumer lawn and garden products, today updated its financial outlook for fiscal 2017, lowering its full year guidance due to an anticipated shortfall in sales.

The Company now expects sales in its U.S. Consumer segment to be slightly down from last year, leading to expected company-wide sales growth of 3 to 4 percent, compared with the previous guidance of 6 to 7 percent sales growth. Management said it now expects adjusted earnings for the year to range from... More