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Mar 30, 2024
Scotts Q2 2024 Earnings Report
ScottsMiracle-Gro's second quarter results were reported, revealing strong execution in the first half of 2024, putting the company on track for full-year targets.
Key Takeaways
ScottsMiracle-Gro reported approximately flat total company sales at $1.53 billion. The U.S. Consumer net sales increased by 2% to $1.38 billion, equaling a record high. The company reaffirms its previously announced non-GAAP fiscal 2024 guidance.
First half 2024 execution has Company on pace for full-year targets
U.S. Consumer second quarter net sales of $1.38B equal record high
Q2 2024 GAAP EPS of $2.74; non-GAAP Adjusted EPS of $3.69 are ahead of plan
Teams driving consumer engagement in Q3 representing 60 percent of seasonal POS
Revenue by Segment
Forward Guidance
The Company reaffirms its previously announced non-GAAP fiscal 2024 guidance. The Company’s primary objective remains restoring a strong balance sheet with meaningful improvements in leverage and working capital by generating $575 million of adjusted EBITDA and free cash flow of $560 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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