The Scotts Miracle Gro Co Class A
SMG: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$324.00 | Nyvpswh | Ypw |
Scotts Miracle-Gro: We See Long-Term Profit Growth Following Pandemic Boom and Subsequent Bust
Narrow-moat Scotts Miracle-Gro, the market leader in US gardening, was one of the rare companies to benefit from the pandemic. As US consumers remained home, many chose gardening as a recreational activity, a trend that proved temporary. By 2021, profits nearly doubled from 2019 as the US home gardening industry boomed.