Scotts Miracle-Gro (NYSE: SMG) reported Q1 EPS of ($0.88), $0.16 worse than the analyst estimate of ($0.72). Revenue for the quarter came in at $566 million versus the consensus estimate of $561.31 million.

• The Company said the better-than-expected result in U.S. Consumer, coupled with additional pricing actions that will take effect in the third quarter, is allowing it to increase full-year sales guidance in the segment to a range of plus 2 percent to minus 2 percent. This compares to a previous range of flat to minus 4 percent. The improved guidance does not require the Company to adjust its outlook for the balance of the lawn and garden season but allows it to maintain guidance for adjusted earnings per share despite its recently revised reduction in the full-year sales outlook for Hawthorne.

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