Scotts Miracle-Gro (SMG) Q3 Earnings Top, Sales Lag Estimates

The Scotts Miracle-Gro Company (SMG) reported a third-quarter fiscal 2024 (ended Jun 29, 2024) profit of $132.1 million or $2.28 per share compared with a profit of $43.7 million or 77 cents per share in the year-ago quarter. Barring one-time items, the adjusted earnings were $2.31 per share, up from $1.17 a year ago. The figure surpassed the Zacks Consensus Estimate of $1.89. Net sales increased around 7.5% year over year to $1,202.2 million but missed the consensus mark of $1,203.6 million. Segment Detail ...