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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。
Benzinga ·  06/07 20:29
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 giant now 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.
股份公司(紐交所:SMG)更新並降低了財務預測,該預測基於截至5月底的財務業績,反映了其Q3草坪和園藝旺季的頂峯。 這家總部位於俄亥俄州的園藝巨頭現在預計調整後的EBITDA收益將爲5.3億至5.4億美元,這比去年增長了20%,但低於先前的指導目標爲5.75億美元。
"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," stated Jim Hagedorn, chairman, CEO and president...
“儘管本季度未能達到我們的營運計劃,而對於銷售和EBITDA等核心財務...

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