ScottsMiracle-Gro Reports Strong Second Quarter Financial Results Driven by Strong Start to U.S. Lawn & Garden Season
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Scotts Miracle-Gro (SMG) Tops Q2 EPS by 22c, Revenues Beat; Affirms FY19 EPS Outlook
May 1, 2019 7:05 AM EDTScotts Miracle-Gro (NYSE: SMG) reported Q2 EPS of $3.64, $0.22 better than the analyst estimate of $3.42. Revenue for the quarter came in at $1.19 billion versus the consensus estimate of $1.16 billion.
U.S. Consumer sales increase 8% driven by double-digit growth in consumer purchasesHawthorne sales up 245% due to Sunlight acquisition and volume growth in most categoriesGAAP EPS: $7.10 versus $2.66; Non-GAAP adjusted EPS of $3.64 versus $2.88Full-year financial guidance re-affirmedConsumers came flying out of the gate compared with last year to get a head start on the lawn and garden season, said Jim... More
