The Scotts Miracle Gro Co Class A

SMG: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$23.00	Smjjwg	Dth

Scotts Miracle Gro Earnings: Turnaround Efforts Point to Improving Near-Term Operations

Seth Goldstein

Nov 1, 2023

Scotts Miracle Gro’s fiscal 2023 fourth quarter showed progress on the company's strategy to sell excess inventory and run its plants at lower capacity as a way to pay down debt. Having updated our model to incorporate the results, we maintain our $100 per share fair value estimate. Our narrow moat rating is also unchanged.

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