Scotts Miracle-Gro (SMG) Q1 Earnings Top Estimates, Sales Lag
SMGScotts Miracle-Gro(SMG) Zacks Investment Research·2024-02-09 00:11

The Scotts Miracle-Gro Company (SMG) reported a first-quarter fiscal 2024 (ended Dec 31, 2023) loss of 80.5millionor80.5 million or 1.42 per share compared with a loss of 64.7millionor64.7 million or 1.17 per share in the year-ago quarter. Barring one-time items, the adjusted loss was 1.45pershare,widerthanalossof1.45 per share, wider than a loss of 1.02 a year ago. The figure was narrower than the Zacks Consensus Estimate of a loss of 1.62.Netsalesfellaround221.62. Net sales fell around 22% year over year to 410.4 million and also lagged the consensus mark of $423.3 million. D ...