Scotts Miracle-Gro Guides FY20 Adj. EPS In Line - Quick Facts

(RTTNews) - While reporting financial results for the fourth quarter on Wednesday, Scotts Miracle-Gro Co. (SMG) initiated adjusted earnings and sales growth guidance for the full-year 2020, based on the continued strength of its two primary business segments.

For fiscal 2020, the company now projects adjusted earnings in a range of $4.95 to $5.15 per share, a growth in a range 11 to 15 percent, on expected company-wide sales growth of 4 to 6 percent, with Hawthorne sales growth of about 12 to 15 percent and U.S. Consumer sales growth of 1 to 3 percent.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $5.03 per share on sales growth of 3.3 percent to $3.21 billion for the year. Analysts' estimates typically exclude special items.

"We anticipate total company growth largely from volume as well as modest price increases that are necessary to offset expected pressure from certain commodities and tariffs," said Randy Coleman, executive vice president and chief financial officer.