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

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.

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.

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.

Nathan Baxter; Chief Operating Officer, Executive Vice President; Scotts Miracle-Gro Co Jon Andersen; Analyst; William Blair & Co., LLC Eric Bossard; Analyst; Cleveland Research Company

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