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The Scotts Co. reported better-than-expected second-quarter results with 9 percent sales growth and 11 percent earnings growth. Scotts’ company-wide sales totaled $676 million for the quarter, compared to $598 million last year.
In particular, Scotts LawnService reported a 55-percent increase in sales to $11.5 million for the quarter, despite a sluggish start due to unfavorable weather. For the first two fiscal quarters, Scotts LawnService’s sales totaled $26.8 million, a 67 percent jump over last year.
Scotts’ stock has climbed to nearly $57 a share in recent weeks, which is a 10 percent increase.
The author is Editor/Publisher of Lawn & Landscape magazine and can be reached at bwest@lawnandlandscape.com.
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