Scotts Miracle-Gro's Q4 Earnings Miss Estimates, Sales Beat

Zacks11-14 19:34

The Scotts Miracle-Gro Company SMG reported a fourth-quarter fiscal 2024 (ended Sept. 30, 2024) loss of $244 million or $4.29 per share compared with a loss of $468.4 million or $8.33 per share in the...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2483808757?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/ShfhwtDyA2WzDBKdAL7M8Q--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/6f2cab89bf2cbad1966358e04258e202","is_english":true,"pubTime":"2024-11-14 19:34","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2483808757","market":"us","top_or_hot":-1,"title":"Scotts Miracle-Gro's Q4 Earnings Miss Estimates, Sales Beat","media":"Zacks","content":"<div>\n<p>The Scotts Miracle-Gro Company SMG reported a fourth-quarter fiscal 2024 (ended Sept. 30, 2024) loss of $244 million or $4.29 per share compared with a loss of $468.4 million or $8.33 per share in the...</p>\n\n<a href=\"https://finance.yahoo.com/news/scotts-miracle-gros-q4-earnings-113400018.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Scotts Miracle-Gro's Q4 Earnings Miss Estimates, Sales Beat</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nScotts Miracle-Gro's Q4 Earnings Miss Estimates, Sales Beat\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-14 19:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/scotts-miracle-gros-q4-earnings-113400018.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Scotts Miracle-Gro Company SMG reported a fourth-quarter fiscal 2024 (ended Sept. 30, 2024) loss of $244 million or $4.29 per share compared with a loss of $468.4 million or $8.33 per share in the...</p>\n\n<a href=\"https://finance.yahoo.com/news/scotts-miracle-gros-q4-earnings-113400018.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SMG","symbol_name":"Scotts Miracle-Gro Company","start_time":0,"source_url":"https://finance.yahoo.com/news/scotts-miracle-gros-q4-earnings-113400018.html","article_id":"2483808757","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/ShfhwtDyA2WzDBKdAL7M8Q--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/6f2cab89bf2cbad1966358e04258e202"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483808757","pubTimestamp":1731584040,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"The Scotts Miracle-Gro Company SMG reported a fourth-quarter fiscal 2024  loss of $244 million or $4.29 per share compared with a loss of $468.4 million or $8.33 per share in the year-ago quarter. Barring one-time items, the adjusted loss was $2.31 per share, narrower than a loss of $2.77 a year ago. The figure was wider than the Zacks Consensus Estimate of a loss of $1.94.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Net sales rose 10.7% year over year to $414.7 million and surpassed the consensus mark of $393 million. The upside in sales was due to higher sales in the U.S. Consumer division driven by the normalization of shipment timing.The Scotts Miracle-Gro Company Price, Consensus and EPS Surprise. The Scotts Miracle-Gro Company price-consensus-eps-surprise-chart | The Scotts Miracle-Gro Company Quote","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"SMG":"Scotts Miracle-Gro Company","CF":"CF工业","PPG":"PPG工业"},"translate_title":"Scotts Miracle-Gro第四季度盈利未达预期，销售额超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CF":0.9,"PPG":0.9,"SMG":0.9},"content_text":"The Scotts Miracle-Gro Company SMG reported a fourth-quarter fiscal 2024 (ended Sept. 30, 2024) loss of $244 million or $4.29 per share compared with a loss of $468.4 million or $8.33 per share in the year-ago quarter. Barring one-time items, the adjusted loss was $2.31 per share, narrower than a loss of $2.77 a year ago. The figure was wider than the Zacks Consensus Estimate of a loss of $1.94.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Net sales rose 10.7% year over year to $414.7 million and surpassed the consensus mark of $393 million. The upside in sales was due to higher sales in the U.S. Consumer division driven by the normalization of shipment timing.\n\nThe Scotts Miracle-Gro Company Price, Consensus and EPS Surprise\n  \nThe Scotts Miracle-Gro Company price-consensus-eps-surprise-chart | The Scotts Miracle-Gro Company Quote\n\nSMG’s Segment Details\nIn the fiscal fourth quarter, net sales in the U.S. Consumer division were up 54% year over year to $309.7 million. It missed our estimate of $313 million.Net sales in the Hawthorne segment tumbled 46% year over year to $80.5 million in the reported quarter. The figure lagged our estimate of $88 million.Net sales in the other segment increased 3% year over year to $24.5 million.\nSMG’s Balance Sheet\nAt the end of fiscal 2024, the company had cash and cash equivalents of $71.6 million, up from $31.9 million at the end of fiscal 2023. Long-term debt was $2,174.2 million, down from $2,557.4 million in fiscal 2023.Free cash flow for fiscal 2024 was $583.5 million, up from $438.2 million the previous year, with gains mostly from account receivable sales and more inventory reductions during the year. As of the end of the year, the company met its stated goal of driving inventories to a sustainable level of less than $600 million in the short term.\nSMG’s Fiscal 2025 Outlook\nIn fiscal 2025, the company intends to achieve additional gross margin recovery, invest at least $40 million in its brands and generate meaningful adjusted EBITDA growth.\nSMG’s Stock Price Performance\nShares of Scotts Miracle-Gro have gained 25.4% in the past year against a 16.7% decline of the industry.\nImage Source: Zacks Investment Research\nSMG's Zacks Rank & Other Basic Materials Releases\nSMG currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.CF Industries Holdings Inc. CF logged earnings of $1.55 per share in the third quarter, topping the Zacks Consensus Estimate of $1.05. CF anticipates the global supply-demand balance to remain constructive, as inventories are believed to be below average globally while energy spreads remain significant between North America and high-cost production in Europe. ICL Group Ltd ICL recorded adjusted earnings of 11 cents per share for the third quarter, topping the Zacks Consensus Estimate of 8 cents. ICL raised its guidance for full-year 2024.PPG Industries, Inc. PPG logged third-quarter adjusted earnings per share of $2.13, missing the Zacks Consensus Estimate of $2.15. PPG anticipates flat organic sales and adjusted earnings per share at the bottom end of the $8.15 to $8.30 range for full-year 2024. \nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nPPG Industries, Inc. (PPG) : Free Stock Analysis Report\nCF Industries Holdings, Inc. (CF) : Free Stock Analysis Report\nThe Scotts Miracle-Gro Company (SMG) : Free Stock Analysis Report\nICL Group Ltd. (ICL) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483808757"}