earnings
confidence high
sentiment negative
materiality 0.80
Scotts Miracle-Gro Q2 GAAP EPS $4.94 vs $5.44; guides to low end of sales; acquires Cyco
SCOTTS MIRACLE-GRO CO
2022-Q2 EPS reported
$4.02
revenue$2,244,300,000
- GAAP EPS from continuing ops $4.94 vs $5.44; non-GAAP adj EPS $5.03 vs $5.64.
- Revenue $1.68B, down 8% YoY; US Consumer +slight to $1.38B, Hawthorne -44% to $202.6M.
- Consumer POS down 12% YTD; prior EPS guidance of $8+ likely unattainable; update in June.
- Hawthorne acquired Australia-based Cyco for $34M + up to $10M contingent; ~$15M annualized sales.