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The Scotts Miracle-Gro Company (SMG)

  • Aug. 11, 2014, 5:54 PM
    • Scotts Miracle-Gro (NYSE:SMG+3.5% AH after its board approves a series of shareholder-friendly initiatives: SMG declares special one-time cash dividend of $2/share, approves new share repurchase authorization of $500M, and raises its quarterly dividend to $0.45/share.
    • The actions "should be viewed as a sign of confidence in the continued success of our business," SMG CEO/President Jim Hagedorn says.
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  • May. 5, 2014, 4:21 PM
    • Scotts Miracle-Gro (SMG): FQ2 EPS of $2.17 beats by $0.18.
    • Revenue of $1.08B (+6.9% Y/Y) misses by $10M.
    • Shares +2.38% AH.
    • Press Release
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  • May. 6, 2013, 7:37 PM
    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.
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  • May. 6, 2013, 4:24 PM
    Scotts Miracle-Gro (SMG): FQ2 EPS of $1.60 misses by $0.41. Revenue of $1.02B misses by $0.12B. Shares -3.5% AH. (PR)
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  • Dec. 14, 2012, 3:49 PM
    At its analyst day, Scotts Miracle-Gro (SMG +1.4%) sees FY 2013 results in-line with estimates, with EPS at $2.50-2.75 vs. $2.56 analyst consensus and revenues up 1%-3% vs. +3% consensus on flat volume. With more than two thirds of its commodity costs now locked for the year, including ~90% of urea, SMG expects ~$20M in commodity inflation.
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  • Aug. 10, 2012, 4:08 PM
    Scotts Miracle-Gro (SMG +3.8%) gives an update on Q4 EPS guidance, saying it mistakenly stated an expected loss in Q4 of around $0.40. To clarify, the company anticipates an operating loss in the Q4 which will translate into an adjusted loss per share closer to $0.60. Street EPS consensus expectations are at $0.44.
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  • Aug. 9, 2012, 5:28 PM
    More on Scotts Miracle-Gro (SMG): FQ3 misses across the board as total revenues came in flat Y/Y. Net earnings declined 16% as higher costs pressured the company's core consumer products segment. The company blames a slow gardening season and waning consumer demand following a strong and early start to the lawn-care season for the miss. It raises its quarterly dividend by 8% however, to $0.325 a share from $0.30 per share. Shares -8.7% AH.
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  • Jun. 13, 2012, 3:52 PM
    Scotts Miracle-Gro (SMG -6.6%) is among the day's big losers after warning it expects to fall short of earlier guidance. SunTrust analysts say the results are doubly disappointing after "a disastrous 2011 garden season," adding "not only does this bring the health of the category into question, but we also believe Scotts will need lower ad spending and stepped-up pricing to improve bottom-line results."
  • Jun. 13, 2012, 9:05 AM
    Premarket gainers: KITD +10%. RBY +6%.
    Losers: SMG -15%. AONE -13%. END -7%.
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  • Jun. 12, 2012, 4:40 PM
    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.
  • May. 15, 2012, 3:28 PM
    Shares of Scotts Miracle-Gro (SMG -1.2%) dip after Moody's cut its outlook to stable from positive earlier today, saying higher advertising expenses and raw material costs will continue to put pressure on margins.
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  • May. 8, 2012, 8:36 AM
    Shares of Scotts Miracle-Gro (SMG) sink 7.5% premarket after higher costs squeezed gross margins in Q1 to 39.4% from 41%. The company says it still expects full year sales growth of 6%-8% and EPS of $2.65-$2.85 for full-year 2012.
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  • Feb. 7, 2012, 1:28 PM
    Scotts Miracle-Gro (SMG +8.8%) pops after its FQ1 beats previously reduced estimates despite widening losses, as the lawn-and-garden products company was hit by a decline in sales volume and higher material costs.
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  • Jan. 19, 2012, 8:03 AM
    BMO Capital lowers its rating on Scott's Miracle-Gro (SMG) to Underperform from Market Perform. Analysts with the firm maintain their $40 price target - repping 18% downside potential for SMG. Shares -2.1% premarket.
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  • Dec. 7, 2011, 11:42 AM
    Scotts Miracle-Gro (SMG +2.1%) bounces back after issuing a downbeat FQ1 forecast as Oppenheimer defends the stock, saying the lowered guidance was expected. The company had warned that results would be weak, and, more importantly, it's maintained its FY sales guidance and reduced cost pressures by securing over 60% of its raw materials for 2012.
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  • Dec. 7, 2011, 8:52 AM
    Scott's Miracle-Gro (SMG) issues downward guidance for FQ1, citing expected lower sales volume and continued pressure from high commodity costs. The lawn-and-garden products company sees a loss of $1.20-$1.25/share vs. -$1.13 consensus and -$0.99 a year ago; sales are seen at ~$200M vs. $234.9M consensus and $230.2M a year ago. SMG -3.7% premarket.
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Company Description
Scotts Miracle Gro Co along with its subsidiaries is engaged in manufacturing, marketing and selling of dry, granular slow-release lawn fertilizers, combination lawn fertilizer and control products, and continuous release garden and indoor plant foods.