ScottsMiracle-Gro Announces Third Quarter Results and Raises Guidance; U.S. Consumer and Hawthorne Segments Continue to Show Strong Growth

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Go back to ScottsMiracle-Gro Announces Third Quarter Results and Raises Guidance; U.S. Consumer and Hawthorne Segments Continue to Show Strong Growth

Scotts Miracle-Gro (SMG) Tops Q3 EPS by 37c, Revenues Beat; Raises FY19 EPS Guidance

July 31, 2019 7:09 AM EDT

Scotts Miracle-Gro (NYSE: SMG) reported Q3 EPS of $3.11, $0.37 better than the analyst estimate of $2.74. Revenue for the quarter came in at $1.17 billion versus the consensus estimate of $1.07 billion.

U.S. Consumer segment sales increase 10% in Q3, up 9% year-to-datePoint-of-sale data shows consumer purchases up 4 percent entering AugustHawthorne sales increase 138% in Q3 driven by acquisition of Sunlight SupplyGAAP earnings of $3.15 per share in Q3, $8.78 year-to-dateNon-GAAP adjusted earnings of $3.11 per share in Q3, $5.39 year-to-dateFiscal 2019 non-GAAP adjusted EPS guidance increased to $4.35 to $4.50 on expected sales growth of 16 to... More