ScottsMiracle-Gro Announces Second Quarter Results Driven by Strong Growth in Both Major Reporting Segments

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Scotts Miracle-Gro (SMG) Tops Q2 EPS by 31c; Confidence in Outlook

May 6, 2020 7:05 AM EDT

Scotts Miracle-Gro (NYSE: SMG) reported Q2 EPS of $4.50, $0.31 better than the analyst estimate of $4.19. Revenue for the quarter came in at $1.38 billion versus the consensus estimate of $1.34 billion.

Consumers and retailers have remained engaged in the lawn and garden category and supportive of our brands despite the challenges of the COVID-19 crisis, said Jim Hagedorn, chairman and chief executive officer. During April, in the face of difficult year-over-year comparisons and shelter-in-place orders in much of the United States, consumer purchases remained strong. In fact, for the week ending May 3, we recorded our strongest seven-day... More