Scotts Miracle-Gro (SMG) Tops Q3 EPS by 43c, Revenues Beat; Raises FY20 EPS Outlook Above Consensus

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Go back to Scotts Miracle-Gro (SMG) Tops Q3 EPS by 43c, Revenues Beat; Raises FY20 EPS Outlook Above Consensus

ScottsMiracle-Gro Announces Third Quarter Financial Results, Increased Fiscal 2020 Guidance and Approval of Special Dividend

July 29, 2020 7:01 AM EDT

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-date

Q3 GAAP EPS increases 13% to $3.57; Non-GAAP adjusted EPS up 22% to $3.80

Guidance 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... More