Scotts Miracle Gro Shares Jump 7% Due to Marijuana Regulatory Boosts; FVE Unchanged
Scotts Miracle-Gro reported tepid fourth-quarter results to round out what has been a challenging fiscal year. Total segment profits fell 17% year on year to $6.5 million. During fiscal 2018, Scotts' faced near-term headwinds related to adverse weather in the U.S. consumer segment and California-based regulatory challenges in the Hawthorne segment. However, with near-term headwinds abating, we continue to view Scotts as well-positioned to maintain its market-leading position in home gardening. A...Scotts Miracle-Gro is a manufacturer and marketer of consumer lawn and garden products in North America. The company's segments are: United States Consumer, which consists of the company's consumer lawn and garden business located in United States; Hawthorne, which consists of the company's indoor, urban and hydroponic gardening business; and Other, which consists of the company's consumer lawn and garden business in geographies other than the United States and the company's product sales to nurseries, greenhouses and other customers. The company manufactures, markets and sells lawn and garden products in the following categories: lawn care, gardening and landscape, hydroponics, and controls.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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