Scotts Has Strong Sales

Scotts Miracle-Gro Company had sales of $1.83 billion for the second quarter of its fiscal 2021 year, up 32 per cent from $1.38 billion in the second quarter of 2020. Sales for the U.S. consumer segment increased 23 per cent year-over-year, while sales for the Hawthorne segment increased 66 per cent. The company-wide gross margin rate was 36 per cent compared with a rate of 39.8 per cent a year ago. Income from continuing operations was $311.1 million compared with $249.8 million.