Scotts Miracle-Gro reports Q2 adjusted EPS $3.78, consensus $3.46

Reports Q2 revenue $1.53B, consensus $1.61B. "Fiscal 2023 is a testament to the powerful franchise of our core lawn and garden business," said Jim Hagedorn, chairman and CEO. "Our work has been marked by record retailer shipments, POS lifts and reliable cash generation. We are de-levering as planned and enhancing our ability to invest in growth and long-term shareholder value. Looking ahead, our collaboration with retailers is tighter than ever and our combined promotional activities will keep consumers engaged through the season. The bigger story is we’re moving toward the transition phase of our recovery with more freedom to operate."