Scotts Miracle-Gro (SMG) Q3 Earnings Top, Sales Lag Estimates
SMGScotts Miracle-Gro(SMG) ZACKS·2024-08-01 20:10

The Scotts Miracle-Gro Company (SMG) reported a third-quarter fiscal 2024 (ended Jun 29, 2024) profit of 132.1millionor132.1 million or 2.28 per share compared with a profit of 43.7millionor77centspershareintheyearagoquarter.Barringonetimeitems,theadjustedearningswere43.7 million or 77 cents per share in the year-ago quarter.Barring one-time items, the adjusted earnings were 2.31 per share, up from 1.17ayearago.ThefiguresurpassedtheZacksConsensusEstimateof1.17 a year ago. The figure surpassed the Zacks Consensus Estimate of 1.89.Net sales increased around 7.5% year over year to 1,202.2millionbutmissedtheconsensusmarkof1,202.2 million but missed the consensus mark of 1,203.6 million.Segment DetailsIn ...