ScottsMiracle-Gro Announces First Quarter Results; Increases Full-Year Sales Outlook for U.S. Consumer Segment. Restructuring of Hawthorne. #Hawthorne #HawthorneGardeningCompany #ScottsMiracleGro
Scotts Miracle-Gro Hawthorne Gardening Revenue Increases 48% to $422 Million – New Cannabis Ventures newcannabisventures.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newcannabisventures.com Daily Mail and Mail on Sunday newspapers.
February 3, 2021 at 7:42 am Published by NCV Newswire
Company reports first-ever profit for fiscal first quarter
Full year sales guidance increased; Non-GAAP adjusted EPS guidance reaffirmed
MARYSVILLE, Ohio, Feb. 03, 2021 (GLOBE NEWSWIRE) The Scotts Miracle-Gro Company (NYSE: SMG), one of the world’s leading marketers of branded consumer lawn and garden as well as hydroponic and indoor growing products, today announced company-wide sales increased 105 percent to a record $748.6 million in its fiscal first quarter primarily driven by strong retailer support in the U.S. Consumer segment as well as continued momentum in Hawthorne.
For the quarter ended January 2, 2021, income from continuing operations was $0.43 per diluted share, compared with a loss of $1.28 per share in fiscal 2020. Non-GAAP adjusted earnings – which is the basis of the Company’s guidance – was $0.39 per diluted share in the quarter compared with a loss of $1.12 per share last year. Due to t