Scotts Miracle-Gro (SMG) Misses Q1 EPS by 16c

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Go back to Scotts Miracle-Gro (SMG) Misses Q1 EPS by 16c

ScottsMiracle-Gro Announces First Quarter Results; Increases Full-Year Sales Outlook for U.S. Consumer Segment

February 1, 2022 7:00 AM EST

Restructuring of Hawthorne manufacturing footprint announced in effort to drive efficiencies and improve competitive position by reducing costs of LED lighting units

MARYSVILLE, Ohio, Feb. 01, 2022 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE: SMG), one of the worlds leading marketers of branded consumer lawn and garden as well as hydroponic and indoor growing products, today announced financial results for its fiscal first quarter highlighted by a profitable quarter in the U.S. Consumer segment for only the second time in company history.

Company-wide sales in the quarter decreased 24 percent to $566.0... More