Brief: Scotts Miracle-Gro Reduces Outlook For Sales And Adjusted EPS

Scotts Miracle-Gro

08/06/2022 13:39

June 8 (Reuters) - Scotts Miracle-Gro Co  SMG.N :
    * SCOTTSMIRACLE-GRO REDUCES OUTLOOK FOR SALES AND NON-GAAP
ADJUSTED EPS DESPITE STRONG RECOVERY IN CONSUMER LAWN & GARDEN
PARTICIPATION
    * SCOTTSMIRACLE-GRO REDUCES OUTLOOK FOR SALES AND NON-GAAP
ADJUSTED EPS DESPITE STRONG RECOVERY IN CONSUMER LAWN & GARDEN
PARTICIPATION
    * SCOTTS MIRACLE-GRO CO SAYS VARIETY OF FACTORS PROMPTED
COMPANY
TO LOWER ITS OUTLOOK FOR BOTH SALES AND ADJUSTED EARNINGS FOR
FISCAL 2022
    * SCOTTS MIRACLE-GRO CO SAYS FY ADJUSTED EARNINGS PER SHARE
ARE
NOW EXPECTED IN A RANGE OF $4.50 TO $5.00
    * SCOTTS MIRACLE-GRO CO SAYS U.S. CONSUMER SALES ARE
EXPECTED TO
DECLINE 4 TO 6 PERCENT FOR FULL YEAR
    * SCOTTS MIRACLE-GRO - ENGAGED IN HIGHLY PRODUCTIVE
DISCUSSIONS
WITH LENDERS TO OBTAIN TEMPORARY INCREASE IN LEVERAGE RATIO
ALLOWED UNDER REVISED CREDIT FACILITY

Source text for Eikon:  ID:nGNX252Hk7 
Further company coverage:  SMG.N 

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