Scotts Miracle-Gro (SMG) Misses Q1 EPS by 14c, Miss on Revenues; 'Full-Year Sales Guidance Reduced to Range of 2-4%'

Scotts Miracle-Gro (NYSE: SMG) reported Q1 EPS of ($1.08), $0.14 worse than the analyst estimate of ($0.94). Revenue for the quarter came in at $221.5 million versus the consensus estimate of $238.54 million.

• Hawthorne segment reports 20% sales growth; U.S. Consumer flat to prior year
• GAAP loss from continuing operations per share of $0.35 vs. $0.97 in prior year
• Non-GAAP adjusted loss per share of $1.08 compared with $0.88 in prior year
• Non-GAAP adjusted EPS guidance raised to $4.60 to $4.80 due to lower expected tax rate
• Full-year sales guidance reduced to a range of 2 to 4 percent

For earnings history and earnings-related data on Scotts Miracle-Gro (SMG) click here.

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