Sales Slide At Scotts Miracle-Gro

The Scotts Miracle-Gro Company had sales of $1.68 billion for its second fiscal quarter of 2022, down eight per cent from sales of $1.83 billion in the second fiscal quarter of 2021. The U.S. consumer segment sales increased slightly to $1.38 billion while sales for the Hawthorne segment decreased 44 per cent to $202.6 million. The gross margin rate for the quarter was 35.1 per cent compared to 36 per cent in the year-ago period. Income from continuing operations was $276.5 million compared with $311.1 million.