The Scotts Miracle-Gro Co. Marysville, Ohio, on Jan. 11 announced that it exceeded expectations for the first quarter ending Dec. 31, 2020. Scotts Chairman and CEO Jim Hagedorn made the announcement when detailing realignment and organizational changes and the departure of CFO Randy Coleman (see Management Briefs).
“Clearly our business has been performing well, and that trend has continued into 2021 as we exceeded our expectations for the first quarter,” said Jim Hagedorn. “This realignment is focused on fully exploiting the longer-term opportunities that lie ahead and leveraging the deep well of talent that exists within ScottsMiracle-Gro.
“In our U.S. Consumer business, gardening has never been more relevant to consumers, and demographic trends continue to work in our favor,” added Hagedorn. “Further investments in marketing and categories like live goods will be critical in this business. And at Hawthorne, the regulatory environment continues to improve at both the state and federal level. Those tailwinds, coupled with the improvements we’ve made over the past two years and the recent opening of our new R&D facility in Canada, clearly position Hawthorne above any other player in the industry.”