Scotts Miracle-Gro (SMG) Tops Q2 EPS by 22c, Revenues Beat; Affirms FY19 EPS Outlook

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Go back to Scotts Miracle-Gro (SMG) Tops Q2 EPS by 22c, Revenues Beat; Affirms FY19 EPS Outlook

ScottsMiracle-Gro Reports Strong Second Quarter Financial Results Driven by Strong Start to U.S. Lawn & Garden Season

May 1, 2019 7:01 AM EDT

U.S. Consumer sales increase 8% driven by double-digit growth in consumer purchasesHawthorne sales up 245% due to Sunlight acquisition and volume growth in most categoriesGAAP EPS: $7.10 versus $2.66; Non-GAAP adjusted EPS of $3.64  versus $2.88Full-year financial guidance re-affirmed

MARYSVILLE, Ohio, May 01, 2019 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE: SMG), the worlds leading marketer of branded consumer lawn and garden as well as hydroponic growing products, today announced company-wide sales increased 17 percent in its fiscal second quarter driven by the acquisition of Sunlight Supply and volume growth... More