Scotts: Fiscal Q4 Earnings Snapshot
By AP News
Published - Nov 06, 2024, 07:33 AM ET
Last Updated - Dec 16, 2024, 05:38 PM EST
MARYSVILLE, Ohio (AP) — MARYSVILLE, Ohio (AP) — Scotts Miracle-Gro Co. (SMG) on Wednesday reported a loss of $244 million in its fiscal fourth quarter.
On a per-share basis, the Marysville, Ohio-based company said it had a loss of $4.29. Losses, adjusted for restructuring costs, came to $2.31 per share.
The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of $1.94 per share.
The lawn and garden products company posted revenue of $414.7 million in the period, topping Street forecasts. Six analysts surveyed by Zacks expected $393 million.
