ScottsMiracle-Gro Reports First Quarter Results; Company Well Positioned for 2025 Lawn & Garden Season
Scotts Miracle-Gro(SMG) Newsfilter·2025-01-29 12:00
U.S. Consumer net sales increased 11 percent driven by strong fall lawn and garden campaign and retailer support for 2025 spring season Consumer POS, which represents less than 10 percent of the full-year, was up 12 percent in dollars and 13 percent in unitsGAAP gross margin rate of 22.7 percent improved 750 bps; Non-GAAP adjusted gross margin rate of 24.0 percent improved 1,030 bpsNon-GAAP Adjusted EBITDA of $4 million reflected $30 million improvementGAAP loss of $1.21 per share and non-GAAP adjusted loss ...