ScottsMiracle-Gro Announces Strong First Quarter Results Driven by 23% Increase in Company-wide Sales
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Scotts Miracle-Gro (SMG) Tops Q1 EPS by 15c, Revenues Beat; Provides FY20 EPS Guidance
January 29, 2020 7:04 AM ESTScotts Miracle-Gro (NYSE: SMG) reported Q1 EPS of ($1.12), $0.15 better than the analyst estimate of ($1.27). Revenue for the quarter came in at $365.8 million versus the consensus estimate of $341.67 million.
Hawthorne segment sales increase 41%; U.S. Consumer segment sales increase 8%GAAP loss of $1.28 per share compared with $1.49 per shareNon-GAAP adjusted loss of $1.12 per share versus $1.39 per shareFull year guidance for sales, non-GAAP adjusted EPS and cash flow reaffirmedWe continue to see outstanding... More
