The headline numbers for Scotts (SMG) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Scotts Miracle-Gro (SMG) came out with a quarterly loss of $0.89 per share versus the Zacks Consensus Estimate of a loss of $1.28. This compares to loss of $1.45 per share a year ago.
The rise in Q4 sales is due to higher sales in SMG's U.S. Consumer segment.
Start Time: 09:00 January 1, 0000 10:32 AM ET The Scotts Miracle-Gro Company (NYSE:SMG ) Q4 2024 Earnings Call November 06, 2024, 09:00 AM ET Company Participants Jim Hagedorn - Chairman, President and CEO Matt Garth - EVP, CFO and CAO Nate Baxter - EVP and COO Chris Hagedorn - EVP and Division President, Hawthorne Gardening Company Aimee DeLuca - SVP, IR Conference Call Participants Jon Andersen - William Blair Joe Altobello - Raymond James William Carter - Stifel Peter Grom - UBS Chris Carey - Wells Fargo Securities Eric Bouchard - Cleveland Research William Reuter - Bank of America Carla Casella - JPMorgan Aimee DeLuca Good morning. Welcome to Scotts Miracle-Gro's Fiscal '24 Year-End Earnings Webcast.
While the top- and bottom-line numbers for Scotts (SMG) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Scotts Miracle-Gro (SMG) came out with a quarterly loss of $2.31 per share versus the Zacks Consensus Estimate of a loss of $1.94. This compares to loss of $2.77 per share a year ago.
Get a deeper insight into the potential performance of Scotts (SMG) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
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The strong recovery since their decline between 2021-2022, especially in the US consumer segment, is driving overall revenue growth despite challenges in the Hawthorne division. I'm encouraged by management's effective debt reduction efforts, which decreased borrowings by $600 million over the past year. Despite a 28% revenue decline in the Hawthorne segment, I find the segment's return to profitability and improving fundamentals quite promising.
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LOS ANGELES, CA / ACCESSWIRE / August 12, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of The Scotts Miracle-Gro Company ("Scotts" or "the Company") (NYSE:SMG) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
LOS ANGELES, CA / ACCESSWIRE / August 8, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of The Scotts Miracle-Gro Company ("Scotts" or "the Company") (NYSE:SMG) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.