secwatch.observer — SEC 8-K summary
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Issuer:     SCOTTS MIRACLE-GRO CO (SMG)
CIK:        0000825542
Form:       8-K
Filed at:   2022-05-03T23:59:59+00:00
Accession:  0001546380-22-000011
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Scotts Miracle-Gro Q2 GAAP EPS $4.94 vs $5.44; guides to low end of sales; acquires Cyco
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/825542/000154638022000011/0001546380-22-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/825542/000154638022000011/smg-20220503.htm
  HTML page:      https://secwatch.observer/filing/0001546380-22-000011

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer