BUZZ-Scotts Miracle-Gro rises on smaller quarterly loss

Reuters
29 Jan
BUZZ-Scotts Miracle-Gro rises on smaller quarterly loss

** Lawn and garden care chemical maker Scotts Miracle-Gro's SMG.N shares rise 3.66% to $78.50

** Co posts smaller Q1 adjusted loss of $0.89 per share vs loss of $1.45 per share last year

** Reports Q1 sales of $416.8 mln, up from $410.4 mln a year ago

** Reaffirms adjusted fiscal 2025 guidance

** Says mid-term growth plan includes EBITDA approaching $700 million by the close of fiscal 2027

** Shares rose ~4.06% in 2024

(Reporting by Megha Kumari in Bengaluru)

((Megha.Kumari@thomsonreuters.com;))

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