Scotts Miracle-Gro (SMG) Tops Q3 EPS by 59c, Acquires Hawthorne Gardening Company; Maintains Outlook
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ScottsMiracle-Gro Announces Record Third Quarter Financial Results; Reaffirms Sales and Earnings Guidance for Fiscal 2021
August 4, 2021 7:00 AM EDTCompany-wide third quarter sales increase 8% driven by Hawthorne growth of 48%U.S. Consumer sales decline 4% in Q3; Remain 19% higher year-to-date Consumer POS dollars up 4% entering August driven by POS unit growth of 8%Q3 GAAP EPS increases 12% to $4.00; Non-GAAP adjusted EPS up 5% to $3.98HydroLogic acquisition will add approximately $20 million in sales
MARYSVILLE, Ohio, Aug. 04, 2021 (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... More
