The Scotts Miracle Gro Co Class A

SMG: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$24.00	Bhplgw	Pvvp

Maintaining $115 FVE as Scotts Shares Rally on Management's Outlook; Shares Remain Undervalued

Seth Goldstein

Feb 1, 2023

Scotts Miracle Gro announced mixed fiscal 2023 first-quarter results, as strength in its core U.S. consumer business was offset by continued weakness in its Hawthorne segment. Having updated our model to incorporate first quarter results, we maintain our $115 per share fair value estimate and narrow-moat rating.

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