Scotts Miracle-Gro (SMG) Tops Q2 EPS by 28c; Lowers Sales Outlook and Sees EPS Pressure
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ScottsMiracle-Gro Announces Record Second Quarter U.S. Consumer Sales; Lawn & Garden Demand Gaining Ground After Weather-Driven Delays
May 3, 2022 7:00 AM EDTGAAP EPS: $4.94 versus $5.44; non-GAAP adjusted EPS of $5.03 versus $5.64Consumer POS down 12% entering May with increasing momentum in most marketsSales outlook for U.S. Consumer and Hawthorne adjusted to low end of guidance Surge in commodities, lower fixed cost leverage expected to pressure EPS in second halfProductivity enhancement efforts launched to reduce costs, improve marginsManagement to provide update on adjusted EPS outlook in early June
MARYSVILLE, Ohio, May 03, 2022 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE:... More
