Scotts Miracle-Gro (SMG): FQ2 misses on all counts as net sales declined by 11% Y/Y. Profit fell...

|About: The Scotts Miracle-Gro Company (SMG)|By:, SA News Editor

Scotts Miracle-Gro (SMG): FQ2 misses on all counts as net sales declined by 11% Y/Y. Profit fell even further, down 21% over the same period as lower-than-usual temperatures in March hurt sales of lawn-and-garden products, causing a significant delay in the start of the lawn and garden season in nearly all North American and European markets. Gross margin narrowed to 37.1% from 39.4%. Shares -1.8% AH.