Cold Weather Keeps Gardeners Indoors as We Reduce Our Scotts Miracle-Gro Near-Term Outlook
ÂScotts Miracle-Gro's year-on-year sales declines in both the U.S. consumer and Hawthorne businesses were of no surprise since the company disclosed high-level results with the Sunlight acquisition announcement in mid-April. However, based on management commentary, we now expect sales declines in both segments to extend deeper into 2018. We've lowered our near-term revenue and profit forecasts, but our long-term outlook for both segments is unchanged. As a result, our fair value estimate falls ...
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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