Scotts Miracle-Gro experienced a great increase in sales. However, COVID-19 has also affected the business and taken away some of the growth. It has, however, managed to regain some of that momentum by garnering a 1.6% rise as of March 12, 2020.

Key Takeaways:

  • Scotts Miracle-Gro segment, Hawthorne Gardening Company, focuses on indoor growing operations and also experienced a 41% increase in sales.
  • COVID-19 accounts for some of the downturn as it became apparent that the virus would take root and affect many industries.
  • Scotts Miracle-Gro has experienced somewhat of a rebound with a 1.6% gain as of March 12, 2020.

Quote: “There are certainly companies that are going to take a significant hit — at least in the near term — from the coronavirus outbreak, but Scotts is arguably not one of them.” (Samaha, 2020)

Link to article:

https://www.fool.com/investing/2020/03/12/why-scotts-miracle-gro-fell-136-in-february.aspx
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