2023-05-03 07:04:03 ET
- Scotts Miracle-Gro press release ( NYSE: SMG ): Q2 Non-GAAP EPS of $3.78 beats by $0.31 .
- Revenue of $1.53B (-8.9% Y/Y) misses by $80M .
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The Company’s current outlook for fiscal 2023 as compared to fiscal 2022 is as follows:
- Near 100 basis points decline in gross margin rate
- Mid-single-digits percentage decline in adjusted operating income
- Low single-digits percentage decline in adjusted EBITDA
- Interest expense increase of approximately $60 million
- Effective tax rate of 27 to 28 percent
- Free cash flow of $1 billion over the next two years
For further details see:
Scotts Miracle-Gro Non-GAAP EPS of $3.78 beats by $0.31, revenue of $1.53B misses by $80M