secwatch.observer — SEC 8-K summary
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Issuer:     SCOTTS MIRACLE-GRO CO (SMG)
CIK:        0000825542
Form:       8-K
Filed at:   2022-08-03T23:59:59+00:00
Accession:  0001546380-22-000021
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Scotts Miracle-Gro Q3 sales down 26%; GAAP EPS loss of $8.01; cuts FY guidance
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- Company-wide Q3 sales $1.19B (-26% YoY); U.S. Consumer -14%, Hawthorne -63%.
- GAAP net loss per share $8.01 includes $724M pre-tax impairment; non-GAAP adj. EPS $1.98.
- Launches Project Springboard to strengthen balance sheet, improve margins and cash flow.
- Full-year adjusted EPS guidance lowered to $4.00-$4.20; U.S. Consumer sales expected down 8-9%.
- Debt-to-EBITDA at 5.1x; target to reduce to 3.5x within 24 months.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/825542/000154638022000021/0001546380-22-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/825542/000154638022000021/smg-20220803.htm
  HTML page:      https://secwatch.observer/filing/0001546380-22-000021

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