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These excerpts taken from the SMG 10-K filed Dec 3, 2008. Corporate &
Other
Net sales for the Corporate & Other segment, which
pertain primarily to Smith &
Hawken®,
decreased $25.4 million or 13.8% in fiscal 2008. Net sales
decreased across all channels of Smith &
Hawken®.
Additionally, the first half of fiscal 2007 benefited from
initial
start-up
activity with
Starbucks®.
The operating loss for Corporate & Other decreased by
$3.3 million in fiscal 2008 primarily due to lower
net Corporate spending.
Net sales for the Corporate & Other segment increased
$14.8 million or 8.7% in fiscal 2007 due largely to the
business-to-business channel, including the initial
start-up
activity with
Starbucks®.
The operating loss for Corporate & Other decreased by
$0.5 million in fiscal 2007. Spending at the Corporate
level declined more than the numbers indicate for fiscal 2007,
as fiscal 2006 benefited from a $10.1 million insurance
recovery.
Corporate & Other Net sales for the Corporate & Other segment, which pertain primarily to Smith & Hawken®, decreased $25.4 million or 13.8% in fiscal 2008. Net sales decreased across all channels of Smith & Hawken®. Additionally, the first half of fiscal 2007 benefited from initial start-up activity with Starbucks®. The operating loss for Corporate & Other decreased by $3.3 million in fiscal 2008 primarily due to lower net Corporate spending. Net sales for the Corporate & Other segment increased $14.8 million or 8.7% in fiscal 2007 due largely to the business-to-business channel, including the initial start-up activity with Starbucks®. The operating loss for Corporate & Other decreased by $0.5 million in fiscal 2007. Spending at the Corporate level declined more than the numbers indicate for fiscal 2007, as fiscal 2006 benefited from a $10.1 million insurance recovery. These excerpts taken from the SMG 10-K filed Nov 25, 2008. Corporate &
Other
Net sales for the Corporate & Other segment, which
pertain primarily to Smith &
Hawken®,
decreased $25.4 million or 13.8% in fiscal 2008. Net sales
decreased across all channels of Smith &
Hawken®.
Additionally, the first half of fiscal 2007 benefited from
initial
start-up
activity with
Starbucks®.
The operating loss for Corporate & Other decreased by
$3.3 million in fiscal 2008 primarily due to lower
net Corporate spending.
Net sales for the Corporate & Other segment increased
$14.8 million or 8.7% in fiscal 2007 due largely to the
business-to-business channel, including the initial
start-up
activity with
Starbucks®.
The operating loss for Corporate & Other decreased by
$0.5 million in fiscal 2007. Spending at the Corporate
level declined more than the numbers indicate for fiscal 2007,
as fiscal 2006 benefited from a $10.1 million insurance
recovery.
Corporate & Other Net sales for the Corporate & Other segment, which pertain primarily to Smith & Hawken®, decreased $25.4 million or 13.8% in fiscal 2008. Net sales decreased across all channels of Smith & Hawken®. Additionally, the first half of fiscal 2007 benefited from initial start-up activity with Starbucks®. The operating loss for Corporate & Other decreased by $3.3 million in fiscal 2008 primarily due to lower net Corporate spending. Net sales for the Corporate & Other segment increased $14.8 million or 8.7% in fiscal 2007 due largely to the business-to-business channel, including the initial start-up activity with Starbucks®. The operating loss for Corporate & Other decreased by $0.5 million in fiscal 2007. Spending at the Corporate level declined more than the numbers indicate for fiscal 2007, as fiscal 2006 benefited from a $10.1 million insurance recovery. This excerpt taken from the SMG 10-K filed Nov 29, 2007. Corporate &
Other
The loss from operations in Corporate & Other was
$90.5 million in fiscal 2007, $91.0 million in fiscal
2006, and $105.7 million in fiscal 2005. Spending at the
Corporate level declined more than the numbers indicate for
fiscal 2007, as fiscal 2006 benefited from the
$10.1 million insurance recovery. Significant reductions in
legal and Sarbanes-Oxley compliance costs in fiscal 2006 served
to reduce the loss as compared to fiscal 2005, although a loss
in our Smith &
Hawken®
business mitigated the impact of these cost reductions.
This excerpt taken from the SMG 10-K filed Dec 14, 2006. Corporate &
Other
The loss from operations in Corporate & Other was
$81.8 million in fiscal 2006, $94.2 million in fiscal
2005, and $70.6 million in fiscal 2004. The increase from
fiscal 2004 to fiscal 2005 largely was driven by increased legal
and Sarbanes-Oxley compliance costs. While significant
reductions in these costs in fiscal 2006 served to reduce the
loss as compared to fiscal 2005, a loss in our Smith &
Hawken®
business mitigated the impact of these cost reductions.
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