Scotts Miracle-Gro reports 16% sales growth in Q2 FY20

The Scotts Wonder-Gro Company, a marketer of branded client lawn and yard as well as indoor rising goods, posted 16 for each cent revenue development to $one.38 billion in second quarter (Q2) FY20 finished on March 28, 2020 compared to revenue of $one.18 billion in very same interval prior yr. Internet revenue for the quarter were $4.53 million (Q2 FY19: $seven.16 milliion).

 

“Consumers and stores have remained engaged in the lawn and yard classification and supportive of our brands irrespective of the worries of the Covid-19 crisis,” Jim Hagedorn, chairman and main executive officer at Scotss Wonder-Gro, explained in a press release. “During April, in the experience of difficult yr-over-yr comparisons and shelter-in-spot orders in considerably of the United States, client purchases remained solid.”

 

Gross gain rose seventeen for each cent in Q2 FY20 to $550.2 million (Q2 FY19: $472.one million). Revenue from operations increased 22 for each cent to

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