Corbus Pharmaceuticals Holdings Inc. (NASDAQ:CRBP) and
Zynerba Pharmaceuticals Inc. (NASDAQ:ZYNE), both posting gains of more than 40% this week.
Sundial Growers Inc (NASDAQ:SNDL) had a roller coaster week. The stock received attention from Reddit investor group r/WallStreetBets, which has over 8 million members. Sundial shares closed nearly 48.5% higher on Monday, dipped Tuesday, but spiked 16% on Wednesday. Gains for the week ultimately surpassed 38%.
As of Jan. 14, 35.79% of the float was short, and the group is known to target buying shares of companies such as
GameStop Corp (NYSE:GME) and
AMC Entertainment Holdings Inc (NYSE:AMC), which are heavily shorted as well.
Operator
Good day, and welcome to The Scotts Miracle-Gro Company s first-quarter 2021 earnings conference call. Today s conference is being recorded. At this time, I would like to turn the conference over to Jim King. Please go ahead.
Jim King
Chief Communications Officer and Executive Vice President
Good morning, everyone, and welcome to The Scotts Miracle-Gro first-quarter conference call. We re taking a slightly different approach this morning as we re managing this call remotely for the first time. In a moment, you ll hear prepared remarks from our chairman and chief executive officer, Jim Hagedorn; as well as our interim chief financial officer, Cory Miller. At the conclusion of those remarks, we ll go live to take your questions.
The Scotts Miracle-Gro Company (NYSE: SMG) reported Wednesday a 105% sales spike, reaching $748.6 million in the first three months of this fiscal year.
The record quarterly results can be mainly attributed to the substantial retailer support in the U.S. Consumer and Hawthorne segments, according. Read More. Don t Miss Any Updates! News Directly in Your Inbox Subscribe to:
The Scotts Miracle-Gro Company (NYSE:SMG) reported Wednesday a 105% sales spike, reaching $748.6 million in the first three months of this fiscal year.
The record quarterly results can be mainly attributed to the substantial retailer support in the U.S. Consumer and Hawthorne segments, according to Scttos Miracle-Gro chair and CEO Jim Hagedorn.
Hawthorne segment sales “surpassed our expectations,” he said, citing an increase of 71% to $309.4 million.
U.S. Consumer segment sales went up by 147% to $408.2 million.
First-Quarter Breakdown:
GAAP and non-GAAP adjusted gross margin rates were 25.5% and 26.7%, respectively, versus 14.8% and 14.9% in the same period last year
GAAP income from continuing operations amounted to $25.2 million, or $0.43 per share, in comparison to a loss of $71.3 million, or $1.28 per share for the corresponding quarter of 2020
February 3, 2021 at 7:42 am Published by NCV Newswire
Company reports first-ever profit for fiscal first quarter
Full year sales guidance increased; Non-GAAP adjusted EPS guidance reaffirmed
MARYSVILLE, Ohio, Feb. 03, 2021 (GLOBE NEWSWIRE) The Scotts Miracle-Gro Company (NYSE: SMG), one of the world’s leading marketers of branded consumer lawn and garden as well as hydroponic and indoor growing products, today announced company-wide sales increased 105 percent to a record $748.6 million in its fiscal first quarter primarily driven by strong retailer support in the U.S. Consumer segment as well as continued momentum in Hawthorne.
For the quarter ended January 2, 2021, income from continuing operations was $0.43 per diluted share, compared with a loss of $1.28 per share in fiscal 2020. Non-GAAP adjusted earnings – which is the basis of the Company’s guidance – was $0.39 per diluted share in the quarter compared with a loss of $1.12 per share last year. Due to t