The Scotts Miracle Gro Co (SMG) reports robust growth in US consumer sales and significant margin improvements, while navigating challenges in the Hawthorne segment and lawn fertilizer business.

Truist Financial analyst Bill Chappell maintained a Hold rating on Scotts Miracle-Gro Company (SMG – Research Report) today. The company’s

Scotts Miracle-Gro logged higher revenue and a smaller loss than Wall Street analysts had anticipated as shipments improved in the fall selling season. The maker of lawn-care products posted a loss of $69.5 million, or $1.21 a share, compared with its year-earlier loss of $80.5 million, or $1.42 a share.

Scotts Miracle-Gro (SMG) came out with a quarterly loss of $0.89 per share versus the Zacks Consensus Estimate of a loss of $1.28. This compares to loss of $1.45 per share a year ago. These figures are adjusted for non-recurring items.

MARYSVILLE, Ohio (AP) — MARYSVILLE, Ohio (AP) — Scotts Miracle-Gro Co. (SMG) on Wednesday reported a loss of $69.5 million in its fiscal first quarter. On a per-share basis, the Marysville, Ohio-based company said it had a loss of $1.21. Losses, adjusted for asset impairment costs, came to 89 cents per share.

Reports Q1 revenue $416.8M, consensus $392.04M. “We’ve had a solid start to the fiscal year driven by robust performance in our U.S. Consumer