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Scotts Miracle-Gro Marijuana-Focused Subsidiary Sales Decline 28%, CEO Confirms Deal In Works With RIV Capital
Thursday, May 2, 2024 - 9:19am | 780The Scotts Miracle-Gro Company (NYSE:SMG) announced its financial results Wednesday for the second quarter ended March 30, 2024, with sales reaching $1.53 billion, in line with sales in the same period of 2023. The report contains the results of its subsidiary Hawthorne Gardening Company, a...
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Scotts Miracle-Gro's Cannabis-Focused Subsidiary Reports 39% YoY Revenue Drop In Q1
Thursday, February 8, 2024 - 12:45pm | 453Scotts Miracle-Gro (NYSE:SMG) reported its financial results on Wednesday for its first quarter ended Dec. 30. The report included results of its subsidiary Hawthorne Gardening Company, a provider of nutrients, lighting and other materials used in the indoor and hydroponic growing segment that...
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The Scotts Miracle-Gro Q2 FY23 Revenue Declines 9% YoY, What About Adjusted EBITDA?
Wednesday, May 3, 2023 - 8:06am | 432The Scotts Miracle-Gro Company (NYSE: SMG) released results for its fiscal second quarter ended April 1, 2023, revealing company-wide sales decreased 9% to $1.53 billion. Hawthorne segment sales decreased 54% to $93 million, compared with $203 million during the same period a year ago, reflecting...
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ScottsMiracle-Gro Reduces Outlook For Sales And Non-GAAP Adjusted EPS, Here Are The Details
Wednesday, June 8, 2022 - 8:13am | 552The Scotts Miracle-Gro Company (NYSE: SMG) stated consumer purchases of its core lawn and garden brands surged in May with unit volume now trending towards the company’s original assumptions for the season. However, a variety of factors prompted the company to lower its outlook for both sales...
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Scotts Miracle-Gro Studies Growth Opportunities And Potential Spin-Off For Hawthorne
Tuesday, February 1, 2022 - 4:07pm | 292Scotts Miracle-Gro Co. (NYSE: SMG) announced its financial results for fiscal first quarter with company-wide sales in the quarter decreased 24% to $566.0 million, down 24% from $748.6 million a year ago. The company also announced plans to restructure its hydroponic subsidiary Hawthorne...
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ScottsMiracle-Gro Posts Q1 Profit, Hawthorne Gardening Revenue Spikes 71% To $309M
Wednesday, February 3, 2021 - 12:35pm | 265The Scotts Miracle-Gro Company (NYSE: SMG) reported Wednesday a 105% sales spike, reaching $748.6 million in the first three months of this fiscal year. The record quarterly results can be mainly attributed to the substantial retailer support in the U.S. Consumer and Hawthorne segments, according...
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Scotts Miracle Gro: Picks And Shovels Play For Joe Biden Win, Marijuana Legislation
Tuesday, November 3, 2020 - 11:32am | 473Scotts Miracle Gro is best known for its market leading brands Scotts, Miracle-Gro and Ortho. The company’s ownership of Hawthorne Gardening Company, a leader in indoor and hydroponic growing make the company an interesting play for the 2020 election. The 2020 Election: Marijuana stocks moved...
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Raymond James Raises PT On Scotts Miracle-Gro Following Q1 Earnings
Saturday, February 2, 2019 - 10:24am | 368Analysts at Raymond James reiterated their rating on Scotts Miracle-Gro Co (NASDAQ: SMG), even though the company's fiscal first quarter results were "somewhat" below their expectations. Nevertheless, the analysts saw a number of "encouraging" signs in the earnings report....
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Sales At Scotts Miracle-Gro's Cannabis-Focused Subsidiary Hawthorne Jump In Q1
Wednesday, January 30, 2019 - 3:42pm | 337Scotts Miracle-Gro Co (NYSE: SMG) reported financial results for the first quarter of fiscal 2019 Wednesday, including revenue growth of 35 percent on the year, driven by a substantial uptick registered by the Hawthorne subsidiary that caters to cannabis growers. What Happened Scotts Miracle-...