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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.
Revenue by Segment
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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