Scotts Miracle-Gro (SMG) Posts Smaller-than-Expected Q1 Loss; Guides In-Line

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Go back to Scotts Miracle-Gro (SMG) Posts Smaller-than-Expected Q1 Loss; Guides In-Line

ScottsMiracle-Gro Reports Strong First Quarter Results; Company-wide Sales Increase 27% Due to Acquisitions, Strong U.S. Demand

January 31, 2017 7:00 AM EST

U.S. Consumer segment reports 11% sales growth on strong consumer demandGAAP and Non-GAAP gross margin rates increase 930 bps and 670 bps respectivelyGAAP loss from continuing operations per share of $1.08 versus $1.30 in prior yearNon-GAAP pro forma adjusted loss per share of $0.96 compared with $1.13 in prior year

MARYSVILLE, Ohio, Jan. 31, 2017 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE: SMG), the worlds leading marketer of branded consumer lawn and garden products, today announced that company-wide sales increased 27 percent in its fiscal first quarter driven by the... More