Brief: Scottsmiracle-Gro Provides Business Update At Institutional Investor Event

Scotts Miracle-Gro

08/03/2022 14:04

March 8 (Reuters) - Scotts Miracle-Gro Co  SMG.N :
    * SCOTTSMIRACLE-GRO PROVIDES BUSINESS UPDATE AT INSTITUTIONAL INVESTOR
EVENT;
REDUCES SALES OUTLOOK FOR HAWTHORNE AND NON-GAAP ADJUSTED EPS
    * SCOTTSMIRACLE-GRO PROVIDES BUSINESS UPDATE AT INSTITUTIONAL INVESTOR
EVENT;
REDUCES SALES OUTLOOK FOR HAWTHORNE AND NON-GAAP ADJUSTED EPS
    * SCOTTS MIRACLE-GRO CO - NOW EXPECTS FY HAWTHORNE SALES TO DECLINE 15 TO 25
PERCENT, INCLUDING BENEFIT OF ACQUISITIONS
    * SCOTTS MIRACLE-GRO - REVISED HAWTHORNE SALES OUTLOOK MEANS CO IS UNLIKELY
TO
REACH LOW END OF ITS GUIDANCE FOR FY NON-GAAP ADJUSTED EARNINGS PER SHARE
    * SCOTTS MIRACLE-GRO CO - REMAINS OPTIMISTIC ABOUT CONTINUED STRENGTH OF
U.S.
CONSUMER SEGMENT
    * SCOTTS MIRACLE-GRO- WORKING TO MODERATE EARNINGS GAP FROM SHORTFALL IN
HAWTHORNE
SALES WITH GOAL OF ACHIEVING FY NON-GAAP ADJUSTED EARNINGS PER SHARE OF AT LEAST
$8.00
    * SCOTTS MIRACLE-GRO - MIDPOINT FOR SALES GUIDANCE FOR U.S. CONSUMER
BUSINESS
CONTINUES TO ASSUME 8-POINT DECLINE IN UNIT VOLUME ON FY BASIS
    * SCOTTS MIRACLE-GRO CO - NO LONGER EXPECTS A SIGNIFICANT ACQUISITION IN
FISCAL
2022 TO BOLSTER ITS PRESENCE IN LIVE GOODS CATEGORY

Source text for Eikon:  ID:nGNX4dNnj0 
Further company coverage:  SMG.N 

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