The Scotts Miracle-Gro Company, a US-based marketer of branded consumer lawn and garden as well as indoor products, reported 32 per cent sales growth to $1.83 billion in its second quarter (Q2) FY21 ended on April 3, 2021, compared to $1.38 billion in the same period prior fiscal. The company’s net income rose to $310.2 million (Q2 FY20: $252.4 million).
The Scotts Miracle-Gro Company, a US-based marketer of branded consumer lawn and garden as well as indoor products, reported 32 per cent sales growth to $1.83 billion in its second quarter (Q2) FY21 ended on April 3, 2021, compared to $1.38 billion in the same period prior fiscal. The company's net income rose to $310.2 million (Q2 FY20: $252.4 million).#
“The record level of consumer demand we have seen for our lawn and garden products is greater than we expected and may provide upside to the updated guidance we provided for our US Consumer business in early April,” Jim Hagedorn, chairman and chief executive officer, said in a press release.
The Scotts Miracle-Gro Company, a US-based marketer of branded consumer lawn and garden as well as indoor products, reported 32 per cent sales growth to $1.83 billion in its second quarter (Q2) FY21 ended on April 3, 2021, compared to $1.38 billion in the same period prior fiscal. The company's net income rose to $310.2 million (Q2 FY20: $252.4 million).#
“Consumers told us entering the season that they intended to stay engaged with lawn and garden and, so far, that is exactly what they are doing. Retailer support for the category remains strong as we enter a period of challenging year-over-year comparisons,” Hagedorn added.
The Scotts Miracle-Gro Company, a US-based marketer of branded consumer lawn and garden as well as indoor products, reported 32 per cent sales growth to $1.83 billion in its second quarter (Q2) FY21 ended on April 3, 2021, compared to $1.38 billion in the same period prior fiscal. The company's net income rose to $310.2 million (Q2 FY20: $252.4 million).#
Gross profit during Q2 FY21 grew to $657.5 million ($550.2 million), while income from operations rose to $424.1 million ($353.7 million).
The Scotts Miracle-Gro Company, a US-based marketer of branded consumer lawn and garden as well as indoor products, reported 32 per cent sales growth to $1.83 billion in its second quarter (Q2) FY21 ended on April 3, 2021, compared to $1.38 billion in the same period prior fiscal. The company's net income rose to $310.2 million (Q2 FY20: $252.4 million).#
US Consumer segment’s sales grew 23 per cent to $1.37 billion ($.11 billion). Hawthorne sales were up 66 per cent to $363.8 million ($219.5 million).
The Scotts Miracle-Gro Company, a US-based marketer of branded consumer lawn and garden as well as indoor products, reported 32 per cent sales growth to $1.83 billion in its second quarter (Q2) FY21 ended on April 3, 2021, compared to $1.38 billion in the same period prior fiscal. The company's net income rose to $310.2 million (Q2 FY20: $252.4 million).#
“We also continue to exceed expectations at Hawthorne as we reported our fifth consecutive quarter of sales growth in excess of 60 per cent and another month of strong results in April. Given the current momentum of this business, we feel comfortable once again increasing our sales guidance for Hawthorne to a range of 30 to 40 per cent growth on a fiscal year basis,” Hagedorn concluded in the release.
Fibre2Fashion News Desk (JL)
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
