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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.
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 will outline its expectations for fiscal 2024 during today’s call.
Revenue & Expenses
Visualization of income flow from segment revenue to net income