Scotts Miracle-Gro Q1 loss widens but tops Wall Street estimates

Feb. 01, 2023 12:57 PM ETThe Scotts Miracle-Gro Company (SMG)By: Carl Surran, SA News Editor

Cannabis leaves and stems are grown hydroponically in garden. Beds of hemp, marijuana in a legal garden.

LYagovy/iStock via Getty Images

Scotts Miracle-Gro (NYSE:SMG) +5.4% in Wednesday's trading after topping expectations for FQ1 adjusted earnings and revenues, even as the producer of lawn and cannabis products lowered guidance.

Q1 net loss totaled $64.7M, or a loss of $1.17/share, compared to a loss

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