NYSE$SMG
Scotts Miracle-Gro Company · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
ScottsMiracle-Gro reported a decrease in company-wide sales due to decline in Hawthorne sales, which was offset by record second quarter sales in its U.S. Consumer segment.
ScottsMiracle-Gro announced record second quarter sales in its U.S. Consumer segment, but this growth was offset by a decline in Hawthorne sales, leading to an overall decrease in company-wide sales. The company's GAAP earnings per share were $4.94, while non-GAAP adjusted earnings per share were $5.03. The company has adjusted its sales outlook for both U.S. Consumer and Hawthorne to the low end of guidance.
- GAAP EPS: $4.94 versus $5.44; non-GAAP adjusted EPS of $5.03 versus $5.64
- Consumer POS down 12% entering May with increasing momentum in most markets
- Sales outlook for U.S. Consumer and Hawthorne adjusted to low end of guidance
- Productivity enhancement efforts launched to reduce costs, improve margins
Headline financials
Revenue & EPS history
Scotts · Revenue · Quarterly
$1.68B
Revenue by segment
Scotts · $1.48B total across 2 segments · Q2 2022
- U.S. Consumer$1.38B+0.4%93.5%
- Other$96M+5.5%6.5%
Forward guidance
The Company said its previous guidance of $8 or more of non-GAAP adjusted earnings per share is likely unattainable. Management currently expects to provide an update to the investment community the week of June 6, 2022.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2022
+0.7%
Avg return
Earnings day
+1.5%
Avg return
5 days after
-0.7%
Avg return
30 days after
60%
41 / 68 earnings
Positive
+18.2%
Q4 2023
Best reaction
-21.9%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | -4.6% | -9.2% | -9.8% | |
| Q1 2026 | -0.6% | -0.1% | -10.8% | |
| Q4 2025 | +2.8% | +4.6% | -1.2% | |
| Q2 2025 | -5.9% | +4.9% | +11.2% | |
| Q1 2025 | -5.8% | -8.5% | -22.7% | |
| Q4 2024 | -21.9% | -20.4% | -19.3% | |
| Q3 2024 | +7.1% | +0.7% | +1.1% | |
| Q2 2024 | +0.2% | +4.2% | +1.7% | |
| Q1 2024 | +4.6% | +5.0% | +23.4% | |
| Q4 2023 | +18.2% | +19.3% | +30.9% | |
| Q3 2023 | -21.1% | -23.2% | -23.0% | |
| Q2 2023 | -7.6% | +4.7% | -3.7% | |
| Q1 2023 | +16.2% | +12.3% | +18.1% | |
| Q4 2022 | +8.9% | +11.5% | +20.3% | |
| Q3 2022 | -8.2% | -5.3% | -30.0% | |
| Q2 2022 | +9.9% | -1.3% | -8.9% | |
| Q1 2022 | -6.6% | -12.1% | -8.0% | |
| Q4 2021 | +11.5% | +13.6% | -8.9% | |
| Q3 2021 | -8.2% | -7.9% | -9.7% | |
| Q2 2021 | +5.5% | +6.1% | -11.7% | |
| Q1 2021 | +3.6% | +4.8% | -12.0% | |
| Q4 2020 | +8.3% | -1.5% | +10.0% | |
| Q3 2020 | +8.1% | +8.7% | +15.4% | |
| Q2 2020 | +4.3% | +5.7% | +3.2% | |
| Q1 2020 | +10.5% | +13.3% | -3.0% | |
| Q4 2019 | +4.8% | +9.2% | +5.2% | |
| Q3 2019 | +5.5% | +5.0% | +2.9% | |
| Q2 2019 | +6.8% | +9.3% | +5.3% | |
| Q1 2019 | +6.3% | +8.3% | +17.0% | |
| Q4 2018 | +10.3% | +8.4% | -1.9% | |
| Q3 2018 | -1.0% | +1.7% | -4.0% | |
| Q2 2018 | -7.3% | -2.5% | +1.9% | |
| Q1 2018 | -15.8% | -15.6% | -15.9% | |
| Q4 2017 | -0.2% | -0.5% | +2.3% | |
| Q3 2017 | -0.3% | +1.0% | -0.4% | |
| Q2 2017 | -8.5% | -7.2% | -9.4% | |
| Q1 2017 | -2.2% | -3.1% | -1.9% | |
| Q4 2016 | +0.5% | +2.6% | +4.8% | |
| Q3 2016 | +7.7% | +12.0% | +12.8% | |
| Q2 2016 | -3.8% | — | — | |
| Q1 2016 | -3.9% | — | — | |
| Q4 2015 | +1.4% | — | — | |
| Q3 2015 | +8.6% | — | — | |
| Q2 2015 | +2.0% | — | — | |
| Q1 2015 | +2.1% | — | — | |
| Q4 2014 | +0.6% | — | — | |
| Q3 2014 | +4.6% | — | — | |
| Q2 2014 | -0.9% | — | — | |
| Q1 2014 | -0.4% | — | — | |
| Q4 2013 | -0.5% | — | — | |
| Q3 2013 | +0.5% | — | — | |
| Q2 2013 | +5.7% | — | — | |
| Q1 2013 | +0.1% | — | — | |
| Q4 2012 | -4.8% | — | — | |
| Q3 2012 | +4.1% | — | — | |
| Q2 2012 | -16.2% | — | — | |
| Q1 2012 | +4.9% | — | — | |
| Q4 2011 | -1.6% | — | — | |
| Q3 2011 | +0.8% | — | — | |
| Q2 2011 | -0.8% | — | — | |
| Q1 2010 | +0.0% | — | — | |
| Q1 2011 | +0.0% | — | — | |
| Q4 2010 | +1.0% | — | — | |
| Q4 2008 | +1.0% | — | — | |
| Q2 2010 | +1.0% | — | — | |
| Q3 2009 | +1.3% | — | — | |
| Q3 2010 | +1.3% | — | — | |
| Q4 2009 | +1.3% | — | — |
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