UPDATE: Scotts Miracle-Gro (SMG) Misses Q2 EPS by 12c, Miss on Revenues; Receives $250M Binding Offer for European and Australian Consumer Operations

Go back to UPDATE: Scotts Miracle-Gro (SMG) Misses Q2 EPS by 12c, Miss on Revenues; Receives $250M Binding Offer for European and Australian Consumer Operations

ScottsMiracle-Gro Reports Second Quarter Results; Announces Binding Offer to Sell European and Australian Businesses

May 2, 2017 7:32 AM EDT

Q2 GAAP EPS of $2.73 versus $3.64; Non-GAAP Adjusted EPS $2.78 versus $3.00Q2 Sales of $1.20 billion compared with $1.24 billion as weather impacts March resultsConsumer purchases at major U.S. retailers nearly flat YTD entering May Comparative sales of hydroponic products increase 22% in Q2; up 13% year-to-datePending sale of International business in approximately $250 million deal

MARYSVILLE, Ohio, May 02, 2017 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE: SMG), the worlds leading marketer of branded consumer lawn and garden products, today announced... More