Scotts Miracle-Gro Full Year 2024 Earnings: EPS Misses Expectations

Scotts Miracle-Gro (NYSE:SMG) Full Year 2024 Results

Key Financial Results

• Revenue: US$3.55b (flat on FY 2023).
• Net loss: US$34.9m (loss narrowed by 91% from FY 2023).
• US$0.61 loss per share (improved from US$6.79 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Scotts Miracle-Gro EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates.

The primary driver behind last 12 months revenue was the U.S. Consumer segment contributing a total revenue of US$3.01b (85% of total revenue). Notably, cost of sales worth US$2.62b amounted to 74% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$418.0m (43% of total expenses). Explore how SMG's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Chemicals industry in the US.

Performance of the American Chemicals industry.

The company's shares are down 2.6% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for Scotts Miracle-Gro (1 is a bit unpleasant!) that you need to take into consideration.

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