Scotts Miracle-Gro Takes Care of The Lawn And Beats The Street
By Benzinga Staff
November 05, 2009 7:04 AM
November 05, 2009 7:04 AM
Scotts Miracle-Gro (NYSE: SMG) reports Q4 EPS (23c) vs Street view of (33c).
SMG reports revenue $583.4 million vs Street view of $555.67 million.
SMG reported $189 million in free cash flow.
"Our strong improvement in the gross margin rate is an important first step in getting back to the historic levels we were reporting prior to the dramatic volatility in the commodity environment," said Dave Evans, chief financial officer. "Further improving our gross margin rate will remain an area of focus for us over the next several years and is critical in allowing us to make the investments necessary to continue driving category growth."
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