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Sep 30, 2023
Scotts Q4 2023 Earnings Report
ScottsMiracle-Gro's Q4 2023 results reflected a challenging quarter with sales and margins declining due to lower volumes and unfavorable pricing, despite cost-saving efforts.
Key Takeaways
ScottsMiracle-Gro reported a 24% decrease in company-wide sales for the quarter ended September 30, 2023. The U.S. Consumer segment saw a 33% sales decline, while the Hawthorne segment decreased by 11%. The company experienced a GAAP net loss of $468.4 million, or $8.33 per share, and a non-GAAP adjusted loss of $155.4 million, or $2.77 per share.
Company-wide sales decreased by 24% to $374.5 million.
U.S. Consumer segment sales declined by 33% to $201.0 million.
Hawthorne segment sales decreased by 11% to $149.7 million.
GAAP net loss was $468.4 million, or $8.33 per share, compared to a prior year loss of $220.1 million, or $3.97 per share.
Revenue by Segment
Forward Guidance
The Company will outline its expectations for fiscal 2024 during today’s call.
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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