Investors have a bleaker outlook on the business today.
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The U.S. Department of Agriculture (USDA) announced on Sept. 14 that it would invest up to $2.8 billion in 70 smart-farming initiatives selected as part of the Partnerships for Climate-Smart Commodities. While these 70 projects won’t give investors an answer regarding The 7 Best Agriculture Stocks to Buy Now, it does reinforce why the agriculture industry is a smart bet for future growth. The 70 projects in this first funding pool include the following: Climate-Smart Agriculture Innovative Finance Initiative Scaling Methane Emissions Reductions and Soil Carbon Sequestration The Soil Inventory Project Partnership for Impact and Demand The Grass is Greener on the Other Side: Developing Climate-Smart Beef and Bison Commodities, and Traceable Reforestation for America’s Carbon and Timber All 70 projects aim to help farmers, academics, agriculture-related companies, and government agencies work together to produce a more efficient, innovative, and climate-friendly industry. The seven agriculture stocks to buy should all benefit from the investment the Biden Administration and the USDA are making in smart farming.
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Top Marijuana Stocks For Your October Watchlist Marijuana stocks are showing better upward consistency at the end of September. When a new month is set to begin it is not uncommon for shareholders and investors to find positive speculation. This seems to happen mid-trading day. For those who feel that marijuana stocks hold more risk verse reward due to market activity over the last year, there is more than meets the eye. Meaning that for those who see the upside there is still room to make good investments in the cannabis sector. Now the strategy and market behavior has changed immensely. Specifically, the way most people who are marijuana stock investors are not buying and holding how they once did. Currently, things are a bit quicker as most upward trading over the last 6 months has been very short. This has made it tough for people to take profits. Yet those who have been able to adapt to the change in trading have had better odds of seeing a return. If you are looking for marijuana stocks to buy there is a process to do so like any other type of investment.
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Scotts Miracle-Gro (SMG) said on Wednesday that CFO Cory Miller has left the company, to be replaced on an interim basis by former CFO and current board member David Evans.Evans was…
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The summer months provided a brief respite from the ugliness of 2022’s bear market, but there is reason to believe things could get worse from here. U.S. consumer confidence increased slightly following the passage of the Inflation Reduction Act and amid falling gasoline prices. Last week, the index moved above the 50-point mark for the first time since May. But — and this is a big “but” — the poll also showed Americans are tightening their budgets . In addition to reduced consumer demand, many investors and market pundits are pointing to the housing sector as a key concern. The news here is mixed as well. Logan Mohtashami, lead analyst at HousingWire, said that while the situation does not classify as a bubble, he does see “unhealthy home price growth.” Finally, we have the Federal Reserve’s aggressive rate hikes in an effort to tame runaway inflation. The market was clearly hoping to hear that the slightly subdued July inflation numbers would prompt the central bank to change course and stop raising rates.
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Now that President Joe Biden signed the Inflation Reduction Act, the agriculture industry is anticipating roughly $20 billion in subsidies over the span of 10 years to encourage farmers and ranchers into using environmentally friendly practices to reduce carbon emissions. Although inflation remained unchanged for the month of July at 8.5% over the past twelve months, the food at home index increased 1.1% in July, causing Americans to spend more for less when grocery shopping for their families. One simple way to earn a passive income is to purchase dividend stocks benefiting from the surplus of demand in the agricultural sector , partially driven by the impact of the Russia-Ukraine war. Scotts Miracle-Gro The Scotts Miracle-Gro Company (NYSE: SMG ) is offering a dividend yield of 3.22% or $2.64 per share annually with quarterly payments, with a notable track record of raising its dividends over the past 13 years. Scotts Miracle-Gro is … Full story available on Benzinga.com
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Scotts Miracle-Gro is in a very tough spot as the stock is down 50% year-to-date. Management has admitted that mistakes were made given the steep decline in sales and weak margins.
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Scotts Miracle-Gro Company (The with ticker code (SMG) now have 8 analysts in total covering the stock. The consensus rating is ''Buy''. The target price ranges between 110 and 80 and has a mean target at 92. Given that the stocks previous close was at 82.01 this would imply there is a potential upside of 12.2%. The day 50 moving average is 84.04 and the 200 moving average now moves to 122.62. The company has a market capitalisation of $4,521m. Visit the company website at: https://scottsmiraclegro.com [stock_market_widget type="chart" template="basic" color="green" assets="SMG" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $5,071m based on the market concensus. The Scotts Miracle-Gro Company engages in the manufacture, marketing, and sale of products for lawn, garden care, and indoor and hydroponic gardening in the United States and internationally. The company operates through three segments: U.S. Consumer, Hawthorne, and Other. It provides lawn care products comprising lawn fertilizers, grass seed products, spreaders, other durable products, and outdoor cleaners, as well as lawn-related weed, pest, and disease control products; gardening and landscape products include water-soluble and continuous-release plant foods, potting mixes and garden soils, mulch and decorative groundcover products, plant-related pest and disease control products, organic garden products, and lives goods and seeding solutions.
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With tough times come tough measures, which helps to explain why a number of companies have initiated job cuts . However, organizations that already pay their shareholders dividends are reluctant to cut them, as such a move would yield substantial criticism. In other words, even when the going is tough, dividends may stick around. For savvy investors, looking at undervalued income stocks to buy for safety could be a smart move. It’s not just about management being unwilling to sacrifice passive-income opportunities. Rather, companies that provide dividends tend to perform better during recessions than purely growth-oriented businesses. Even during the sharpest and deepest recessions in modern U.S. history, S&P 500 dividends only slipped by a modest amount. Finally, the lion’s share of stable firms providing passive income streams to their stakeholders are tied to businesses with a strong and established track record. Instead of relying on aspirational narratives, these dividends come from actual net profits.
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Scotts Miracle-Gro Company (The with ticker code (SMG) now have 7 analysts in total covering the stock. The consensus rating is ''Buy''. The range between the high target price and low target price is between 110 and 85 with the average target price sitting at 96. Now with the previous closing price of 80.27 this would imply there is a potential upside of 19.6%. The day 50 moving average is 85.31 and the 200 day moving average is 124.3. The market capitalisation for the company is $4,473m. Company Website: https://scottsmiraclegro.com [stock_market_widget type="chart" template="basic" color="green" assets="SMG" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $5,349m based on the market concensus. The Scotts Miracle-Gro Company engages in the manufacture, marketing, and sale of products for lawn, garden care, and indoor and hydroponic gardening in the United States and internationally. The company operates through three segments: U.S. Consumer, Hawthorne, and Other.
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https://www.investing.com/news/pro/scotts-miraclegro-pt-lowered-to-86-at-ubs-432SI-2863547
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The Scotts Miracle-Gro Company (NYSE:NYSE:SMG) Q3 2022 Earnings Conference Call August 3, 2022 09:00 ET Company Participants Kelly Berry - Vice President of Consumer Finance Chris Hagedorn…
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SMG earnings call for the period ending June 30, 2022.
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Shares of the lawn care and hydroponics company got hit after it reported earnings, which weren''t very good. The outlook was even worse.
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The Scotts Miracle-Gro Company (NYSE: SMG ) released financial results for the third quarter ended July 2, 2022, revealing that company-wide sales decreased 26 percent year-over-year to $1.19 billion. Q3 2022 Financial Highlights Gross profit was $236.6 million , an unfavorable decrease of 52% compared to gross profit of $494.6 million in the same quarter of 2021. GAAP and non-GAAP adjusted gross margin rates for the quarter were 19.9 percent and 25.5 percent, respectively. These compare to 30.7 percent and 30.8 percent, respectively, in the prior year. SG&A decreased 30 percent to $135.8 million due to lower accruals for annual incentive compensation and cost-reduction … Full story available on Benzinga.com
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Scotts Miracle-Gro (SMG) +0.6% pre-market on Wednesday after reporting better than expected FQ3 adjusted earnings even as sales fell sharply, while issuing mixed guidance for the…
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Scotts Miracle-Gro (NYSE:SMG) declares $0.66/share quarterly dividend, in line with previous.Forward yield 3.02%Payable Sept. 9; for shareholders of record Aug. 26; ex-div Aug.
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MARYSVILLE, Ohio, Aug. 02, 2022 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE: SMG), one of the world’s leading marketers of branded consumer lawn and garden products, announced that its Board of Directors has approved the payment of a cash dividend of $0.66 per share. The dividend is payable on Friday, September 9, 2022, to shareholders of record as of Friday, August 26, 2022.
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Scotts Miracle-Gro (SMG) is scheduled to announce Q3 earnings results on Wednesday, August 3rd, before market open.The consensus EPS Estimate is $1.72 (-56.8% Y/Y) and the consensus…
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Scotts Miracle-Gro Company (The found using ticker (SMG) have now 7 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The target price ranges between 125 and 85 with a mean TP of 100. Given that the stocks previous close was at 87.57 this would imply there is a potential upside of 14.2%. The 50 day MA is 85.95 and the 200 day MA is 125.91. The market cap for the company is $4,927m. Visit the company website at: https://scottsmiraclegro.com [stock_market_widget type="chart" template="basic" color="green" assets="SMG" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $5,627m based on the market concensus. The Scotts Miracle-Gro Company engages in the manufacture, marketing, and sale of products for lawn, garden care, and indoor and hydroponic gardening in the United States and internationally. The company operates through three segments: U.S. Consumer, Hawthorne, and Other. It provides lawn care products comprising lawn fertilizers, grass seed products, spreaders, other durable products, and outdoor cleaners, as well as lawn-related weed, pest, and disease control products; gardening and landscape products include water-soluble and continuous-release plant foods, potting mixes and garden soils, mulch and decorative groundcover products, plant-related pest and disease control products, organic garden products, and lives goods and seeding solutions.
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Top Ancillary Marijuana Stocks And Medical Cannabis Many of the best marijuana stocks to buy have seen extremely high market volatility in July. As Schumer continues to fight for cannabis reform in Congress, cannabis stocks have started to gain momentum after hitting fresh lows in July. Ancillary marijuana stocks and medical cannabis equities are among the sectors that experienced large drops. Generally speaking, these businesses have established themselves as top US businesses in their specialized industries. For those who don’t know, ancillary cannabis companies are organizations that support the cannabis industry without really working with the plant. In general, many different businesses support the cannabis sector. Throughout the first half of 2022, the value of a number of cannabis-related stocks with Nasdaq listings significantly decreased. This year, taking positions at considerably lower price points may be made possible by these decreases. Despite the fact that many analysts believe the US is already in a recession, the market appears to be looking for a bottom and trying to start recovering.
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Scotts Miracle-Gro Company (The with ticker code (SMG) have now 7 analysts in total covering the stock. The consensus rating is ''Buy''. The range between the high target price and low target price is between 125 and 85 with the average target price sitting at 104.71. Now with the previous closing price of 87.19 this would indicate that there is a potential upside of 20.1%. The 50 day moving average now sits at 86.99 and the 200 moving average now moves to 127.49. The market cap for the company is $4,664m. Visit the company website at: https://scottsmiraclegro.com [stock_market_widget type="chart" template="basic" color="green" assets="SMG" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $5,601m based on the market concensus. The Scotts Miracle-Gro Company engages in the manufacture, marketing, and sale of products for lawn, garden care, and indoor and hydroponic gardening in the United States and internationally. The company operates through three segments: U.S.
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Scotts Miracle-Gro (SMG) -2% in Friday''s trading after UBS downgraded shares to Neutral from Hold with a $92 price target, slashed from $125, saying "limited top/bottom line…
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Several large cannabis companies and cannabis related companies, announced earnings report release dates this week. The Scotts Miracle-Gro Company The Scotts Miracle-Gro Company (NYSE: SMG ), one of the world’s largest marketers of branded consumer lawn and garden products, will release its third quarter financial results on August 3, 2022, prior to the opening of the U.S. financial markets. The company will host a conference call to discuss those results at 9:00 a.m. ET. TerrAscend TerrAscend Corp. (OTCQX: TRSSF ) (CSE:TER) a leading North American cannabis operator, will host a scheduled conference call to discuss the results for its second quarter … Full story available on Benzinga.com
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https://www.investing.com/news/pro/update-ubs-downgrades-scotts-miraclegro-to-neutral-432SI-2851645
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Scotts Miracle-Gro Company (The found using ticker (SMG) now have 7 analysts in total covering the stock. The consensus rating is ''Buy''. The range between the high target price and low target price is between 125 and 85 with a mean TP of 104.71. Given that the stocks previous close was at 82.27 this would indicate that there is a potential upside of 27.3%. The day 50 moving average is 91.46 while the 200 day moving average is 130.7. The market cap for the company is $4,483m. Visit the company website at: https://scottsmiraclegro.com [stock_market_widget type="chart" template="basic" color="green" assets="SMG" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $5,706m based on the market concensus. The Scotts Miracle-Gro Company engages in the manufacture, marketing, and sale of products for lawn, garden care, and indoor and hydroponic gardening in the United States and internationally. The company operates through three segments: U.S. Consumer, Hawthorne, and Other.
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The grass doesn''t seem like it will be as green in 2022 as the company once thought.
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In the last trading session, 0.45 million The Scotts Miracle-Gro Company (NYSE:SMG) shares changed hands as the company’s beta touched 1.23. With the company’s per share price at $80.18 changed hands at $1.19 or 1.51% during last session, the market valuation stood at $4.38B. SMG’s last price was a discount, traded about -141.33% off its … The Scotts Miracle-Gro Company (NYSE: SMG): Why Investors Shouldn’t Ditch SMG Stock In 2022 Read More »
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Scotts Miracle-Gro Company (The found using ticker (SMG) now have 8 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The range between the high target price and low target price is between 157 and 85 calculating the average target price we see 111.25. Given that the stocks previous close was at 78.99 this would indicate that there is a potential upside of 40.8%. The 50 day MA is 93.35 and the 200 day MA is 131.95. The company has a market capitalisation of $4,441m. Company Website: https://scottsmiraclegro.com [stock_market_widget type="chart" template="basic" color="green" assets="SMG" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $6,255m based on the market concensus. The Scotts Miracle-Gro Company engages in the manufacture, marketing, and sale of products for lawn, garden care, and indoor and hydroponic gardening in the United States and internationally. The company operates through three segments: U.S. Consumer, Hawthorne, and Other.
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https://www.investing.com/news/stock-market-news/scotts-miraclegro-downgraded-by-wells-fargo-based-on-3-key-elements-432SI-2839854
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Scotts Miracle-Gro Company - Class A (SMG) shares closed today at 0.6% above its 52 week low of $76.22, giving the company a market cap of $4B. The stock is currently down 51.8% year-to-date, down 59.1% over the past 12 months, and down 4.9% over the past five years. This week, the Dow Jones Industrial Average fell 7.2%, and the S&P 500 fell 8.7%. Trading Activity Trading volume this week was 44.4% higher than the 20-day average.Beta, a measure of the stock’s volatility relative to the overall market stands at 1.4. Technical Indicators The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought.MACD, a trend-following momentum indicator, indicates a downward trend.The stock closed below its Bollinger band, indicating it may be oversold.The stock closed at 7.3% lower than its 5-day moving average, 15.8% lower than its 20-day moving average, and 32.3% lower than its 90-day moving average.
Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Materials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by 2446.7% The company's stock price performance over the past 12 months lags the peer average by 529.2% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -2.7% lower than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
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The Scotts Miracle-Gro Company (NYSE: SMG ) appointed Brian Sandoval to its b oard of d irectors. Governor Sandoval served two terms as the 29 th Governor of the State of Nevada, having held office from 2011 to 2019. He is currently the president of the University of Nevada, Reno, a position he has held since 2020. “Brian’s long-standing commitment to public service makes him a strong addition to our team. His extensive experience on issues related to economic growth, job creation, natural resources, judicial matters and higher education will certainly be of value,” stated … Full story available on Benzinga.com
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Rising commodity costs, declining sales and an inventory surplus put the highly leveraged Scotts Miracle-Gro in a precarious financial position.
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Mortgage demand plummets … commercial real estate deals fall … more reduced guidance from the retail sector … consumers are using more debt … why Luke Lango views this as bullish The Fed wanted things to cool off. Well, it’s happening. Let’s take a spin around the economy. Yesterday, we learned that mortgage demand has fallen to its lowest level in 22 years. Behind the drop are surging mortgage rates on top of already-stratospheric home prices. The average 30-year fixed-rate mortgage stands at 5.40% today. As you can see below, they’ve nearly doubled since the beginning of 2021. Source: StockCharts.com This dramatic rise is squeezing mortgage demand. From CNBC : Applications for a mortgage to purchase a home fell 7% for the week and were 21% lower than the same week one year ago. Refinance demand dropped 6% for the week and was down 75% year over year. Add to this an average home price that soared 20% year-over-year in May, and housing has simply become too unaffordable for many would-be homebuyers.
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GAINERS: Cansortium (OTC: CNTMF ) shares closed up 12.00% at $0.22 EnWave (OTC: NWVCF ) shares closed up 4.81% at $0.56 Meridian Bioscience (NASDAQ: VIVO ) shares closed up 3.90% at $28.80 Nine Energy Service (NYSE: NINE ) shares closed up 3.55% at $4.08 4Front Ventures (OTC: FFNTF ) shares closed up 3.41% at $0.69 Urban-gro (NASDAQ: UGRO ) shares closed up 3.09% at $6.34 Mexco Energy (AMEX: MXC ) shares closed up 3.08% at $22.75 LOSERS: Scotts Miracle Gro … Full story available on Benzinga.com
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Truist Securities downgraded its rating of Scotts Miracle Gro (NYSE: SMG ) to Hold with a price target of $85.00, changing its price target from $185.00 to $85.00. Shares of Scotts Miracle Gro are trading down 9.97% over the last 24 hours, at $91.99 per share. A move to $85.00 would account for a 7.6% decline from the current share price. About Scotts Miracle Gro Scotts Miracle-Gro is the largest provider of gardening and lawncare products in the United States. The majority of the company''s sales are to large retailers that include Home Depot, Lowe''s, and Walmart. Scotts Miracle-Gro can sell its products at a higher … Full story available on Benzinga.com
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Gainers: Imperial Petroleum (IMPP) +43%. Diamond Offshore Drilling (DO) +10%. Zymergen (ZY) +10%. Losers: U.S. Silica Holdings (SLCA) -9%. The Scotts Miracle-Gro Company (SMG) -9%.
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Upgrades For Crescent Point Energy Corp (NYSE: CPG ), Scotiabank upgraded the previous rating of Sector Perform to Sector Outperform. In the first quarter, Crescent Point Energy showed an EPS of $0.32, compared to $0.14 from the year-ago quarter. The current stock performance of Crescent Point Energy shows a 52-week-high of $10.42 and a 52-week-low of $2.75. Moreover, at the end of the last trading period, the closing price was at $10.40. For Enerplus Corp (NYSE: ERF ), Scotiabank upgraded the previous rating of Sector Perform to Sector Outperform. For the first quarter, Enerplus had an EPS of $0.58, compared to year-ago quarter EPS of $0.18. The current stock performance of Enerplus shows a 52-week-high of $17.68 and a 52-week-low of $4.78. Moreover, at the end of the last trading period, the closing price was at $17.51. B of A Securities upgraded the previous rating for Radius Health Inc (NASDAQ: RDUS ) from Underperform to Neutral. In the first quarter, Radius Health showed an EPS of $0.39, compared to $0.18 from the year-ago quarter.
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Companies Reporting Before The Bell • Kiniksa Pharmaceuticals (NASDAQ: KNSA ) is projected to report earnings for its first quarter. • Great Lakes Dredge & Dock (NASDAQ: GLDD ) is likely to report quarterly earnings at $0.16 per share on revenue of $170.53 million. • Enel Chile (NYSE: ENIC ) is expected to report quarterly earnings at $82.88 per share on revenue of $994.35 million. • Paramount Global (NASDAQ: PARAA ) is likely to report quarterly earnings at $0.52 per share on revenue of $7.38 billion. • Triton International (NYSE: TRTN ) is likely to report quarterly earnings at $2.63 per share on revenue of $419.07 million. • Colliers Intl Gr (NASDAQ: CIGI ) is likely to report quarterly earnings at $1.59 per share on revenue of $1.14 billion. • Comstock Mining (AMEX: LODE ) is projected to report quarterly loss at $0.03 per share on revenue of $380.00 thousand. • GEO Group (NYSE: GEO ) is expected to report quarterly earnings at $0.22 per share on revenue of $551.47 million. • Kopin (NASDAQ: KOPN ) is expected to report quarterly loss at $0.
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MARYSVILLE, Ohio, July 16, 2021 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE SMG), one of the worlds largest marketers of branded consumer lawn and garden products, will release its third quarter financial results on Wednesday, August 4, 2021, prior to the opening of the U.S. financial markets. The Company will host a conference call to discuss those results at 9:00 a.m. ET.
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Investors took a dim view of the company''s near-term prospects even as management raised full-year guidance.
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Latest released the research study on Global Plant Sourced Organic Fertilizer Market offers a detailed overview of the factors influencing the global business scope. This report contains key information such as facts and figures, market segmentation, market analysis, competitive landscape
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This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.
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Major fertilizer market players include Haifa Group, Nutrien Ltd., Syngenta Group, Bunge Limited, Israel Chemicals Ltd. (ICL), Indian Farmers Fertiliser Cooperative Limited (IFFCO), Coromandel International Limited, Sumitomo Chemical Company, Ltd., National Fertilizers Ltd., Chambal Fertilisers & Chemicals Ltd (KK Birla), Scotts Miracle-Gro Company, Sigma Agrisciene LLC, California Organic Fertilizers, BASF SE, The Mosaic Company, Trammo, Terra Nitrogen Company, Agrium, CF Industries Holdings Inc., Yara International ASA, and Gemlik Fertilizer Inc. Major fertilizer market players include Haifa Group, Nutrien Ltd., Syngenta Group, Bunge Limited, Israel Chemicals Ltd. (ICL), Indian Farmers Fertiliser Cooperative Limited (IFFCO), Coromandel International Limited, Sumitomo Chemical Company, Ltd., National Fertilizers Ltd., Chambal Fertilisers & Chemicals Ltd (KK Birla), Scotts Miracle-Gro Company, Sigma Agrisciene LLC, California Organic Fertilizers, BASF SE, The Mosaic Company, Trammo, Terra Nitrogen Company, Agrium, CF Industries Holdings Inc.
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Scotts Miracle-Gro Company (The found using ticker (SMG) have now 4 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The target price ranges between 305 and 260 calculating the mean target price we have 291.25. Given that the stocks previous close was at 201.54 this indicates there is a potential upside of 44.5%. There is a 50 day moving average of 227.7 and the 200 day moving average is 218.43. The company has a market capitalisation of $11,215m. You can visit the company''s website by visiting: /> [stock_market_widget type="chart" symbol="SMG" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] The Scotts Miracle-Gro Company manufactures, markets, and sells consumer lawn and garden products in the United States and internationally. The company operates through three segments: U.S. Consumer, Hawthorne, and Other. It offers lawn care products, such as lawn fertilizers, grass seed products, spreaders, other durable products, and outdoor cleaners, as well as lawn-related weed, pest, and disease control products.
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MARYSVILLE, Ohio, May 27, 2021 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE: SMG) said today it welcomes the opportunity to work with Bayer regarding the future of glyphosate-containing Roundup products in order to ensure the brands future in the consumer marketplace. We are glad to hear Bayers strong public commitment to the consumer market and Roundups continued
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MARYSVILLE, Ohio, May 27, 2021 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE: SMG ) said today it welcomes the opportunity to work with Bayer regarding the future of glyphosate-containing Roundup products in order to ensure the brand''s future in the consumer marketplace. "We are glad to hear Bayer''s strong public commitment to the consumer market and Roundup''s continued place in it," said Jim Hagedorn, chairman and chief executive officer of ScottsMiracle-Gro. "Roundup is an iconic brand in the lawn and garden industry and has been trusted by consumers for decades. We are confident there are several options, including the use of effective alternative active ingredients, to ensure that remains the case while continuing to meet the needs of homeowners and retailers." Hagedorn emphasized that ScottsMiracle-Gro remains committed as the marketing agent for Roundup. ScottsMiracle-Gro is not a party in the legal issues related to Roundup and through its Roundup agency agreement with Bayer has indemnity against such legal actions and related costs.
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MARYSVILLE, Ohio, May 27, 2021 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE: SMG ) said today it welcomes the opportunity to work with Bayer regarding the future of glyphosate-containing Roundup™ products in order to ensure the brand's future in the consumer marketplace. "We are glad to hear Bayer's strong public commitment to the consumer market and Roundup's continued place in it," said Jim Hagedorn, chairman and chief executive officer of ScottsMiracle-Gro. "Roundup is an iconic brand in the lawn and garden industry and has been trusted by consumers for decades. We are confident there are several options, including the use of effective alternative active ingredients, to ensure that remains the case while continuing to meet the needs of homeowners and retailers." Hagedorn emphasized that ScottsMiracle-Gro remains committed as the marketing agent for Roundup. ScottsMiracle-Gro is not a party in the legal issues related to Roundup™ and through its Roundup™ agency agreement with Bayer has indemnity against such legal actions and related costs.
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