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Wednesday, September 16, 2020 12:13:59 PM
The company increased its guidance again this year, SCOTTS IS KILLING IT!
The Scotts Miracle-Gro Company SMG has provided an update for its fiscal 2020 view. The company expects net sales and adjusted earnings per share (EPS) to surpass its prior guidance issued in July.
For fiscal 2020 (ending Sep 30, 2020), the company now projects adjusted EPS to be around $7.25 compared with previous guidance of $6.65-$6.85. This is likely to be driven by company-wide sales growth of more than 30%.
Per Scotts Miracle-Gro, the momentum in the U.S. Consumer and Hawthorne segments is exceeding the company’s expectations. Its key business drivers over the past six months have been highly engaged retailer support and strong consumer demand. The company expects the trend to continue into the first quarter of fiscal 2021. Further, it expects lower expenses to act as tailwind next year.
Shares of Scotts Miracle-Gro have rallied 58% in the past year against the industry’s 12.6% decline.
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Recent SMG News
- The Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of August 5, 2024 in Scotts Lawsuit - SMG • PR Newswire (US) • 07/03/2024 09:45:00 AM
- The Scotts Miracle-Gro Company Sued for Securities Law Violations - Investors Should Contact The Gross Law Firm for More Information - SMG • PR Newswire (US) • 06/28/2024 09:45:00 AM
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- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/10/2024 06:45:37 PM
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- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/10/2024 06:45:12 PM
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- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/10/2024 06:44:46 PM
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- ScottsMiracle-Gro updates fiscal ’24 guidance at peak of lawn and garden season • GlobeNewswire Inc. • 06/06/2024 11:00:00 AM
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- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/29/2024 05:45:29 PM
- Invitation to ScottsMiracle-Gro’s “Meet the Management” Investor Day in Marysville, Ohio • GlobeNewswire Inc. • 05/28/2024 12:00:00 PM
- Form SD - Specialized disclosure report • Edgar (US Regulatory) • 05/21/2024 12:25:07 PM
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