ScottsMiracle-Gro Announces Third Quarter Financial Results, Increased Fiscal 2020 Guidance and Approval of Special Dividend
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Go back to ScottsMiracle-Gro Announces Third Quarter Financial Results, Increased Fiscal 2020 Guidance and Approval of Special Dividend
July 29, 2020 8:52 AM EDT
Scotts Miracle-Gro (NYSE: SMG) declared a special dividend of $5.00 per share.
The dividend will be payable on September 10, 2020, to stockholders of record on August 27, 2020, with an ex-dividend date of August 26, 2020.
The annual yield on the dividend is 3.1 percent.
For a dividend... More
July 29, 2020 7:02 AM EDT
Scotts Miracle-Gro (NYSE: SMG) reported Q3 EPS of $3.80, $0.43 better than the analyst estimate of $3.37. Revenue for the quarter came in at $1.49 billion versus the consensus estimate of $1.31 billion.
Company-wide third quarter sales increase 28% including Hawthorne growth of 72%U.S. Consumer sales increase 21% in Q3; Retailer POS up 23% year-to-dateQ3 GAAP EPS increases 13% to $3.57; Non-GAAP adjusted EPS up 22% to $3.80Guidance for fiscal 2020 company-wide sales growth increased to a range of 26 to 28%Fiscal 2020 non-GAAP adjusted EPS guidance raised to a range of $6.65 to $6.85 Non-GAAP free cash flow guidance increased to approximately $400...
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