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Scotts Miracle-Gro (SMG) says it will fall short of its previous FY12 sales growth and earnings...

  • Tuesday, June 12, 2012, 4:40 PM ET
    Scotts Miracle-Gro (SMG) says it will fall short of its previous FY12 sales growth and earnings guidance, citing slowing consumer demand following an early start to the lawn care season in Q2. Additionally, the gardening season, which traditionally peaks in mid-to late-May, has also not met expectations. Gross margins will also disappoint, due primarily to an unfavorable product mix, unplanned distribution costs and reduced leverage of fixed costs. Shares -11% AH.
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This news story has 2 comments:

  •  
    He was on with Cramer recently! Another great call by Cramer!! He pays NO attention to valuation, just if it moves up constantly...I remember Barton Biggs calling this "The Greater Fool Theory" back in 1999-2000.
    The more things change....the more they stay the same!
    12 Jun 2012, 04:52 PM Reply Like
  •  
    I just sent him a message on twitter. Fastest 20% loss he's cost people in a long time
    12 Jun 2012, 05:16 PM Reply Like
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