Scotts Miracle-Gro’s sales
Scotts Miracle-Gro’s (SMG) sales are seasonal—most of the sales take place in the second quarter ending in March. The company earns the majority of its sales from the US market.
Sell-side analysts estimate that Scotts Miracle-Gro could report sales of $1.2 million in 2Q17—about 2.8% higher than 2Q16. Since there’s seasonality in sales, looking at the estimates for the next four quarters is helpful. Analysts estimate that the company’s sales for the next four quarters could be $3.04 billion—5.2% higher than sales in the previous four quarters.
Analysts also estimate growth of ~5.2% year-over-year for Central Garden & Pet (CENT) in the next four quarters. Similarly, analysts estimate year-over-year sales growth of 2.6% for Spectrum Brands Holdings (SPB) during the same period.
What Scotts Miracle-Gro sells
Scotts Miracle-Gro has several products under its umbrella. In North America, which includes the US and Canada, the company offers lawn and garden products to markets in the consumer segment. Some of the brand names include Scotts, Turf Builder, Miracle-Gro, Nature’s Care, and Ortho. The company is also an exclusive distributor of Monsanto’s (MON) Roundup products. Fafard is a brand available to customers in Canada and the eastern US (VEGI).
Read The Scotts Miracle-Gro Company: What’s Its Secret? to learn more.