ScottsMiracle-Gro Announces Record Second Quarter Results; Sales Increase 32% Driven by Strong Demand in Both Major Segments

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Go back to ScottsMiracle-Gro Announces Record Second Quarter Results; Sales Increase 32% Driven by Strong Demand in Both Major Segments

Scotts Miracle-Gro (SMG) Tops Q2 EPS by 2c, Revenues Beat

May 5, 2021 7:02 AM EDT

Scotts Miracle-Gro (NYSE: SMG) reported Q2 EPS of $5.44, $0.02 better than the analyst estimate of $5.42. Revenue for the quarter came in at $1.83 billion versus the consensus estimate of $1.73 billion.

Hawthorne sales rise 66% in Q2 with strong growth in all product categoriesU.S. Consumer sales rise 23% driven by continued increases in consumer demandGAAP EPS: $5.44 versus $4.43; Non-GAAP adjusted EPS of $5.64 versus $4.50Company affirms plan to increase pricing to offset continued commodity pressure

The record level of consumer demand we have seen for our lawn and garden products... More