ScottsMiracle-Gro Now Sees Non-GAAP Adj. EBITDA $530M-$540M vs Prior Guidance Of $575M
Portfolio Pulse from Benzinga Newsdesk
ScottsMiracle-Gro has revised its non-GAAP adjusted EBITDA guidance to $530M-$540M, down from the previous guidance of $575M.
June 06, 2024 | 11:16 am
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ScottsMiracle-Gro has lowered its non-GAAP adjusted EBITDA guidance to $530M-$540M from the previous $575M. This downward revision indicates potential challenges in the company's financial performance.
The downward revision in EBITDA guidance suggests that ScottsMiracle-Gro is facing financial challenges, which could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100