Loading...
•
Jan 01, 2022
Scotts Q1 2022 Earnings Report
ScottsMiracle-Gro announced first quarter results with increased full-year sales outlook for U.S. Consumer segment.
Key Takeaways
ScottsMiracle-Gro reported a decrease in company-wide sales by 24% to $566.0 million, consistent with pre-announced expectations. The U.S. Consumer segment exceeded expectations, while Hawthorne sales declined due to market conditions. The company increased full-year sales guidance for the U.S. Consumer segment.
Company-wide sales decreased 24 percent to $566.0 million.
The company reported a seasonal loss from continuing operations of $0.90 per share, with a non-GAAP adjusted loss of $0.88 per share.
U.S. Consumer segment sales decreased 16 percent to $342.4 million but exceeded expectations.
Hawthorne sales decreased 38 percent to $190.6 million due to market conditions and supply chain disruptions.
Scotts
Scotts
Scotts Revenue by Segment
Revenue by Segment
U.S. Consumer Segment Revenue
CapyFin.comHawthorne Segment Revenue
CapyFin.comOther Segment Revenue
CapyFin.com Forward Guidance
The company increased full-year sales guidance in the U.S. Consumer segment to a range of plus 2 percent to minus 2 percent.
Revenue & Expenses
Visualization of income flow from segment revenue to net income