Scotts Miracle-Gro (SMG) Tops Q2 EPS by 49c, Reaffirms FY EPS Guidance
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ScottsMiracle-Gro Reports Second Quarter Results; Sales Growth and Gross Margin Improvement Lead to Record EPS
May 3, 2016 7:01 AM EDTQ2 adjusted EPS $3.15; pro forma adjusted EPS $3.00 including SLS businessGross margin rate improved 220 basis points in quarter to 41.9 percentCompany-wide sales increased 16% in quarter aided by shift in fiscal calendarConsumer purchases at major U.S. retailers up 1% YTD through May 1Company reaffirms full-year outlook for adjusted earnings of $3.75 to $3.95 per share
MARYSVILLE, Ohio, May 03, 2016 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE: SMG), the worlds leading marketer of branded consumer lawn and garden products, today announced record... More
