Scotts Miracle-Gro profit rises as sales increase in fiscal second quarter

10 articles · Updated · MarketWatch · Apr 29

The company reported a Q2 profit of $238.6 million, or $4.04 per share, with sales up 5% to $1.46 billion.
Adjusted earnings from continuing operations reached $4.53 per share, surpassing analyst expectations, while the recent sale of its Hawthorne cannabis-supply unit was classified as discontinued operations.
Scotts Miracle-Gro reaffirmed its full-year outlook amid surging fertilizer prices due to global supply disruptions, and noted continued strong sales momentum into April.

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