Brief: ScottsMiracle-Gro Reports Q1 Loss Of $1.17 Per Share

Scotts Miracle-Gro

01/02/2023 12:11

Feb 1 (Reuters) - ScottsMiracle-Gro Co  SMG.N :
    * SCOTTSMIRACLE-GRO REPORTS FIRST QUARTER RESULTS
    * SAYS FULL-YEAR SALES GUIDANCE UPDATED FOR LOWER HAWTHORNE
OUTLOOK
    * SAYS $1 BILLION FREE CASH FLOW TARGET OVER NEXT TWO YEARS
REAFFIRMED
    * FIRST QUARTER GAAP LOSS OF $1.17 PER SHARE
    * QTRLY NON-GAAP LOSS $1.02 PER SHARE
    * SEES LOW SINGLE-DIGIT DECLINE IN FY TOTAL COMPANY NET
SALES
    * SEES LOW SINGLE-DIGIT DECLINE IN FY GROSS MARGIN RATE
    * SAYS LOW SINGLE-DIGIT PERCENTAGE GROWTH IN FY ADJUSTED
EBITDA
    * Q1 EARNINGS PER SHARE VIEW $-1.39 -- REFINITIV IBES DATA

Source text for Eikon:  ID:nGNXbny4lH 
Further company coverage:  SMG.N 
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