Scotts Miracle-Gro Fiscal Q4 Adjusted Loss Narrows, Net Sales Rise

MT Newswires Live
06 Nov 2024

Scotts Miracle-Gro (SMG) reported a fiscal Q4 adjusted net loss Wednesday of $2.31 per diluted share, narrowing from a loss of $2.77 a year earlier.

Analysts polled by Capital IQ expected a loss of $1.96.

Net sales for the quarter ended Sept. 30 were $414.7 million, up from $374.5 million a year earlier.

Analysts surveyed by Capital IQ expected $399.6 million.

Shares of the company were down 4% in recent premarket activity.

Price: 90.99, Change: +1.33, Percent Change: +1.48

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