Scotts Miracle-Gro FY sales up 1%
Overview
U.S. lawn and garden supplier's Q4 sales missed analyst expectations, FY sales up 1%
Q4 adjusted loss per share beat analyst expectations; FY EPS rose
Q4 adjusted EBITDA missed analyst expectations
Outlook
Company expects fiscal 2027 net sales growth of 2% to 4%
Scotts Miracle-Gro forecasts fiscal 2027 non-GAAP adjusted EPS of $4.70 to $4.90
Company projects fiscal 2027 free cash flow of about $275 mln
Result Drivers
SUPPLY CHAIN SAVINGS - Co said improved full-year gross margin was driven by supply chain savings and pricing actions, offset by higher commodity and freight costs
BRANDED PRODUCTS & E-COMMERCE - Co attributed full-year sales growth to higher sales of branded products and expanded e-commerce
LOWER INTEREST & TAX - Co said improved full-year adjusted EPS was aided by lower interest expense and lower tax rate
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Sales | Miss | $302.90 mln | $306.10 mln (7 Analysts) |
Q4 Adjusted Loss Per Share | Beat | $2.16 | $2.22 (7 Analysts) |
Q4 Loss Per Share | $2.10 | ||
Q4 Net Loss | $121.90 mln | ||
Q4 Adjusted EBITDA | Miss | -$106.70 mln | -$100.62 mln (6 Analysts) |
Q4 Loss Per Basic Share | $2.10 | ||
Q4 Operating Income | -$143 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the agricultural chemicals peer group is "buy"
Wall Street's median 12-month price target for Scotts Miracle-Gro Co is $75.00, about 21.4% above its November 3 closing price of $61.80
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 14 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)