Boyar Value Group: Scott’s Miracle-Gro
Below are Boyar Value Group‘s thoughts on the latest quarterly results of Scotts Miracle-Gro Co (NYSE:SMG). Q3 2021 hedge fund letters, conferences and more Recent Results4Q FY 2021 ResultsCompany wide sales decreased by 17% to $737.8 million (ahead of consensus at $680.8 million or a 23% decline) due to difficult comparisons with the prior year’s quarter robust growth and other quarterly dynamics (discussed below). SMG reported a loss of $0.82 a share in the quarter (ahead of consensus at $0.87 a share) compared with a profit of $0.06 a share in the year ago quarter.In the U.S. Consumer busin...