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74.84
0.58%
0.43
After Hours:
74.84
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Why is Scotts Miracle Gro Company (SMG) Stock down?
We've noticed a 20.52% decline in Scotts Miracle Gro Company (SMG) stock during the 2024-11-06 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
02 Aug, 2023:
The Scotts Miracle-Gro Company (SMG) fell 19.01% to $57.86 after the company reported worse-than-expected third-quarter financial results, and slashed its guidance for the year, showing that its turnaround strategy still isn't delivering the desired impact. Scotts Miracle-Gro said revenue fell 6% to $1.12 billion, missing analysts' consensus estimate of $1.16 billion. Gross margin declined from 19.9% to 18.4% due to higher commodity costs and one-time inventory write-offs.
2.04%
0.94%
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