Scotts Miracle-Gro rises on smaller quarterly loss

Scotts Miracle-Gro

29/01/2025 15:25

** 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;))