Scotts Miracle-Gro Reaffirms FY Adjusted EPS Of $4.30-$4.45; Timing And Scale Of Future Share Buybacks Remain Secondary To The Company’s Commitment To Ongoing Debt Reduction And Will Be Subject To Market Conditions And Other Factors Determined By Management
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Why It Matters
Scotts Miracle-Gro says it will make the same amount of profit it promised. Right now, the company cares more about paying down debt than buying back stock.
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