Scotts Miracle-Gro (SMG) Misses Q4 EPS by 2c; Guides In-Line

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Go back to Scotts Miracle-Gro (SMG) Misses Q4 EPS by 2c; Guides In-Line

ScottsMiracle-Gro Announces Record Fiscal Year Earnings Per Share; Strong 2017 Outlook Driven By Continued Progress Against ‘Project Focus’

November 3, 2016 7:00 AM EDT

Company-wide sales increase 7 percent in fourth quarterQ4 consumer purchases increase 10 percent; full-year purchases up 2% Company-wide full year gross margin improves 180 basis pointsGAAP EPS from continuing operations: $4.09; Pro forma adjusted EPS: $3.75 2017 Guidance: Adjusted EPS of $4.10 to $4.30 on sales growth of 6 to 7%

MARYSVILLE, Ohio, Nov. 03, 2016 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE: SMG), the worlds leading marketer of branded consumer lawn and garden products, today announced fiscal 2016 financial results highlighted by record full-year earnings per share driven by ongoing consumer demand... More