ScottsMiracle-Gro Reports Second Quarter Results; Sales Growth and Gross Margin Improvement Lead to Record EPS

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Scotts Miracle-Gro (SMG) Tops Q2 EPS by 49c, Reaffirms FY EPS Guidance

May 3, 2016 7:55 AM EDT

Scotts Miracle-Gro (NYSE: SMG) reported Q2 EPS of $3.00, $0.49 better than the analyst estimate of $2.51. Revenue for the quarter came in at $1.25 billion versus the consensus estimate of $1.24 billion.

Company reaffirms full-year outlook for adjusted earnings of $3.75 to $3.95 per share.

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