Scotts Miracle-Gro reports Q2 adjusted EPS $3.69, consensus $3.40

Reports Q2 revenue $1.53B, consensus $1.5B. “Through the first six months of our fiscal year, we exceeded operating plan targets and made progress on the most important financial metrics driving our business,” said Jim Hagedorn, chairman, CEO and president. “We’re in a favorable position to achieve our fiscal 2024 guidance as well as meet our goals for cash flow generation, debt reduction and gross margin improvement. We’re a much leaner and more cost-efficient organization with a near-term focus on precision execution. At the same time, because we’ve stabilized and created financial flexibility, we can shift from crisis management to operating the business the way it should be run – from a position of strength and with a growth mindset.”