Scotts Miracle-Gro (SMG) reported Q2 EPS of $5.03, $0.28 better than the analyst estimate of $4.75. Revenue for the quarter came in at $1.68 billion versus the consensus estimate of $1.66 billion.
GUIDANCE:
- Sales outlook for U.S. Consumer and Hawthorne adjusted to low end of guidance
- Surge in commodities, lower fixed cost leverage expected to pressure EPS in second half
- Productivity enhancement efforts launched to reduce costs, improve margins
- Management to provide update on adjusted EPS outlook in early June