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Scotts Miracle-Gro (NYSE:SMG) Announces Record Fiscal Year Earnings Per Share; Strong 2017 Outlook

 

The Scotts Miracle-Gro Company (NYSE:SMG), today announced fiscal 2016 financial results highlighted by record full-year earnings per share driven by ongoing consumer demand for core products, margin improvement and double-digit growth in hydroponics. Highlights of the earnings release include:

  • Company-wide sales increase 7 percent in fourth quarter

  • Q4 consumer purchases increase 10 percent; full-year purchases up 2%

  • Company-wide full year gross margin improves 180 basis points

  • GAAP EPS from continuing operations: $4.09; Pro forma adjusted EPS: $3.75

  • 2017 Guidance: Adjusted EPS of $4.10 to $4.30 on sales growth of 6 to 7%

For the full Scotts Miracle-Gro Form 8-K, click here. For more summarized details, check out the SMG press release, click here.

 

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