Thursday, The Scotts Miracle-Gro Co. (SMG) said its fourth-quarter net loss narrowed to $14.9 million or $0.23 per share from $34.7 million or $0.54 per share in the prior year period.
Adjusted net loss for the quarter widened to $21.5 million or $0.33 per share from $17.5 million or $0.27 per share in the year-ago period. On average, 12 analysts polled by Thomson Reuters expected the company to report a loss of $0.33 per share for the quarter.
Net sales for the quarter rose to $583.4 million from $544.2 million in the comparable period. Nine analysts estimated revenues of $555.67 million for the quarter.
The company said its initial guidance for fiscal 2010 assumes sales growth of 3% - 5% and earnings per share in a range of $3.00 - $3.10. Thirteen analysts estimate earnings of $3.05 per share for the year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.