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.

You May Also Be Interested In

• Citi cuts Micron stock target, sees memory chip prices peaking in 2Q27
• Evommune, Inc. (EVMN) Misses Q2 EPS by 20c
• Mammoth Energy Services (TUSK) Reports Q2 Loss of $0.01