The Scotts Miracle Gro Co Class A
SMG: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| $77.00 | Hgtmn | Xtp |
Scotts Miracle-Gro: Updated Guidance Includes Lower US Consumer Sales Outlook
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Scotts Miracle-Gro announced reduced guidance for fiscal 2024 following weaker-than-expected US consumer sales. We had previously assumed Scotts would see lower US consumer sales, and our fiscal 2024 forecast already assumed the company would come in below management's forecast. Having updated our model for slightly lower US consumer sales in fiscal 2024, we are maintaining our $95 per share fair value estimate. Our narrow moat rating is also unchanged.