MARYSVILLE, Ohio - "Consumer engagement in May and June was robust across our Global Consumer segment, giving us continued confidence in the strength of the lawn and garden category and our brands," said Barry Sanders, president and chief operating officer of The Scotts Miracle-Gro Company, at William Blair & Company's 34th Annual Growth Stock Conference.
Added Sanders at the June 11 event: "However, due to the delayed start of the spring season, we now expect company-wide sales to be in line with fiscal 2013."
The company, based here, reaffirmed its outlook for fiscal 2014 adjusted earnings per share from continuing operations in the range of $3.05 to $3.20, an increase of 10 percent to 15 percent compared to the prior year.
"We remain confident in our long-term plans and believe the opportunities for growth are very real for us," added Sanders. "We have taken steps to strengthen our balance sheet and focus on operating cash flow with a continued bias of returning capital to shareholders, while committing the capital needed to drive long-term growth."
With more than $2.8 billion in worldwide sales, The Scotts Miracle-Gro Company boasts more than $2.8 billion in worldwide sales. Through its wholly owned subsidiary, The Scotts Company LLC, it is the world's largest marketer of branded consumer products for lawn and garden care.