The Scotts Miracle-Gro Company reported a rise in profit for its second quarter, surpassing forecast estimates. The company's profit amounted to $157.5 million, or $2.74 per share, up from $109.4 million or $1.94 per share in the prior year's second quarter.
When taking into account special items, the company's adjusted earnings stand at $211.9 million, or $3.69 per share for the reported period. On an average, analysts had anticipated the company's earnings to be around $3.4 per share, as compiled by Thomson Reuters.
However, the company's revenue for this quarter witnessed a slight dip of 0.4%, falling to $1.525 billion from last year's $1.531 billion.
Here's an overview of The Scotts Miracle-Gro Company's earnings, as per GAAP:
- Earnings for Q2: $157.5 million, a significant increase from last year's $109.4 million.
- EPS for Q2: $2.74, up from $1.94 last year.
- Revenue for Q2: $1.525 billion, a slight decrease from $1.531 billion last year.
