Scotts Miracle Gro Pulls Hawthorne Guidance, Citing Uncertain Environment In Cannabis Industry, Stock Falls
Scotts Miracle Gro (NYSE:SMG) on Wednesday reported second-quarter 2025 adjusted earnings per share of $3.98, up 8%, beating the consensus of $3.95.
The branded consumer lawn and garden product marketer reported sales of $1.42 billion, down 7% year over year, missing the consensus of $1.50 billion.
U.S. Consumer sales decreased 5% to $1.31 billion, resulting from the impact of a colder and slower start to the lawn and garden season, pushing some expected second-quarter sales into the third quarter and non-repeating fiscal 2024 net sales of bulk raw materials and AeroGarden products.
Hawthorne sales fell 51% to $32.7 million.
Also Read: The Week In Cannabis: Delays, Decrees And Deals Reshape The Global Playbook
Q2 GAAP and non-GAAP adjusted …