Brief: Scottsmiracle-Gro Increases Full-Year Sales Outlook For U.S. Consumer Segment

Scotts Miracle-Gro

01/02/2022 12:03

Feb 1 (Reuters) - Scotts Miracle-Gro Co  SMG.N :
    * SCOTTSMIRACLE-GRO ANNOUNCES FIRST QUARTER RESULTS; 
INCREASES
FULL-YEAR SALES OUTLOOK FOR U.S. CONSUMER SEGMENT
    * Q1 SALES FELL 24 PERCENT TO $566 MILLION
    * Q1 NON-GAAP LOSS PER SHARE $0.88 EXCLUDING ITEMS
    * Q1 GAAP LOSS PER SHARE $0.90 FROM CONTINUING OPERATIONS
    * TO CONSOLIDATE U.S. LIGHTING MANUFACTURING FOR HAWTHORNE
INTO
SINGLE LOCATION AND TO CLOSE ANOTHER RECENTLY ACQUIRED ASSEMBLY
FACILITY
    * SAYS RESTRUCTURING CHARGE OF UP TO $5 MILLION EXPECTED TO
BE
RECORDED IN Q2, WILL BE EXCLUDED FROM CO'S FY ADJUSTED RESULTS
    * Q1 EARNINGS PER SHARE VIEW $-0.73, REVENUE VIEW $561.2
MILLION
-- REFINITIV IBES DATA

Source text for Eikon:  ID:nGNXb5P4LG 
Further company coverage:  SMG.N 

 ((Reuters.Briefs@thomsonreuters.com;))