Scotts Miracle Gro Q1 2024 Adj EPS $(1.45) Beats $(1.53) Estimate, Sales $410.40M Miss $412.83M Estimate
Portfolio Pulse from Benzinga Newsdesk
Scotts Miracle Gro (SMG) reported Q1 2024 adjusted EPS of $(1.45), surpassing the $(1.53) estimate, but its sales of $410.40M fell short of the $412.83M forecast, marking a 22.07% decrease from the previous year.
February 07, 2024 | 12:00 pm
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Scotts Miracle Gro reported a mixed Q1 2024 with an EPS beat and a slight sales miss, alongside a significant year-over-year sales decline.
The EPS beat may provide some positive sentiment, indicating operational efficiency or cost management. However, the sales miss and significant year-over-year decline could raise concerns about demand and growth prospects, potentially balancing out the positive EPS impact.
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