Scotts (SMG) Lowers FY24 EBITDA Guidance, Affirms FCF View
SMGScotts Miracle-Gro(SMG) ZACKS·2024-06-11 01:40

The Scotts Miracle-Gro Company (SMG) updated its guidance for the fiscal 2024 based on financial results through the end of May, which is considered the peak of its third-quarter lawn and garden season. Despite failing to meet its operating targets for sales and adjusted EBITDA during this period, SMG expects to deliver year-over-year growth in non-GAAP EBITDA and U.S. Consumer segment sales for the fiscal year. The company projects non-GAAP adjusted EBITDA for the fiscal 2024 to range between $530 million ...