Scotts Miracle-Gro Reaffirms $1B Cash Flow Target, Reduces EBITDA Earnings Expectations, Cost-Saving On Track
Scotts Miracle-Gro Reaffirms $1B Cash Flow Target, Reduces EBITDA Earnings Expectations, Cost-Saving On Track
Scotts Miracle-Gro重申10億美元現金流目標，降低EBITDA盈利預期，成本節省在進行中。
The Scotts Miracle-Gro Company(NYSE:SMG) updated and reduced its financial projections on Thursday for fiscal year 2024 based on financial results through the end of May, which reflects the peak of its Q3 lawn and garden season. The Ohio-based gardening giantnow expects adjusted EBITDA earnings of $530 million to $540 million, which is some 20% higher than last year, but lower than previous guidance of $575 million.
"Despite the season not meeting our operating plan for topline sales and adjusted EBITDA, we are seeing year-over-year growth and feel good about our overall performance," statedJim Hagedorn, chairman, CEO and president...
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