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Wednesday, July 29, 2020

=Scotts Miracle-Gro (SMG) reported earnings on Wed 29 July 20 (b/o)



Scotts Miracle-Gro beats by $0.37, beats on revs; guides FY20 EPS above consensus, revs above consensus 


  • Reports Q3 (Jun) earnings of $3.80 per share, $0.37 better than the S&P Capital IQ Consensus of $3.43; revenues rose 27.5% year/year to $1.49 bln vs the $1.33 bln S&P Capital IQ Consensus.
  • Co issues upside guidance for FY20, sees EPS of $6.65 to $6.85 from $5.65 to $5.85 vs. $5.78 S&P Capital IQ Consensus; sees FY20 revs of $3.977 bln to $4.040 bln (+26% to +28% yr/yr) vs. $3.69 bln S&P Capital IQ Consensus.
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