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December 14, 2012
13:04 EDTSMGScotts Miracle-Gro sees about $20M in commodity inflation in FY13
With more than two thirds of its commodity costs now locked for the year - including about 90% of urea -- the company said it expects approximately $20M in commodity inflation in FY13, primarily due to higher-cost inventory carried into the fiscal year. Offsetting this headwind, the company said it will increase prices in the low single digits and that it expects a benefit of approximately $15M-$20M in savings related to its product cost-out initiatives.
News For SMG From The Last 14 Days
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July 7, 2015
07:18 EDTSMGScotts Miracle-Gro has reached attractive entry point, says SunTrust
SunTrust believes that this is a good time to buy the shares of Scotts, as investors' outlook turns towards the company's fiscal 2016 potential and the company enjoys several positive catalysts, including tailwinds from commodities and easier comps, according to the firm.
July 6, 2015
09:16 EDTSMGScotts Miracle-Gro has some risk to 2015 guidance, says Cleveland Research
Cleveland Research said slowing point of sales for Scotts Miracle-Gro through May and June create some risk to 2015 guidance.
June 24, 2015
08:07 EDTSMGMonsanto reports Q3 Agricultural Productivity sales $1.4B
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