Scotts Miracle-Gro (SMG) Raises 2020 Guidance

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Go back to Scotts Miracle-Gro (SMG) Raises 2020 Guidance

ScottsMiracle-Gro Revises Fiscal 2020 Guidance; Strong Demand Continues in both U.S. Consumer and Hawthorne Segments

June 8, 2020 4:06 PM EDT

Company-wide sales growth now expected in range of 16 to 18 percent
Adjusted non-GAAP EPS expected in a range of $5.65 to $5.85Non-GAAP free cash flow expected to be approximately $350 million

MARYSVILLE, Ohio, June 08, 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 increased sales and earnings guidance based on higher demand in both its U.S. Consumer and Hawthorne segments.

For the fiscal year ending September 30, 2020,... More