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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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April 24, 2014
10:00 EDTSMGOn The Fly: Analyst Upgrade Summary
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08:55 EDTSMGScotts Miracle-Gro upgraded at BMO Capital
As noted earlier, BMO Capital upgraded Scotts to Outperform from Market Perform. The firm expects the company's results to rebound in FY14, as it thinks the company's guidance is conservative following a survey of over 400 consumers. Target to $67 from $60.
07:49 EDTSMGScotts Miracle-Gro upgraded to Outperform from Market Perform at BMO Capital
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April 17, 2014
08:02 EDTSMGScotts Miracle-Gro appoints Randy Coleman as CFO
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