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

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

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

May 6, 2020 7:01 AM EDT

Sales guidance increased for Hawthorne; 2020 adjusted EPS guidance re-affirmed

Hawthorne sales rise 60% driven by continued demand for indoor growing products U.S. Consumer sales increase 11% with strong growth in consumer purchasesGAAP EPS: $4.43 versus $7.10; Non-GAAP adjusted EPS of $4.50 versus $3.64

MARYSVILLE, Ohio, May 06, 2020 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE: SMG), the worlds leading marketer of branded consumer lawn and garden as well as indoor and hydroponic growing products, today announced company-wide sales increased 16 percent in its fiscal second quarter... More