|
|
 | | | |
- close
- close
- close
- close
These excerpts taken from the SMG 10-K filed Dec 3, 2008. Net
Sales
Consolidated net sales for fiscal 2008 increased 3.8% to
$2.98 billion from $2.87 billion in fiscal 2007, while
for fiscal 2007, net sales increased 6.3% to $2.87 billion
from $2.70 billion in fiscal 2006. Significantly impacting
the rate of sales growth in both years were the following items:
Excluding the impact of pricing, Global Consumer adjusted net
sales declined by 2.5% for the year. We believe this was a
result of a number of factors, including the overall economic
climate in the United States, as well as unfavorable early
spring weather conditions. Adjusted net sales in our Global
Professional segment grew 9.3% excluding the impact of pricing,
driven by strong demand for the proprietary technology used in
that segment. Despite a reduction in customer count, Scotts
LawnService®
experienced adjusted net sales growth of 1.2%, excluding the
impact of pricing. Corporate & Other adjusted net sales
decreased 13.8%, primarily driven by declines across all
channels of the Smith &
Hawken®
business.
The adjusted net sales increase of 3.4% in fiscal 2007 was
reflective of the weather related challenges in the largest part
of our business, the Global Consumer segment. Extreme cold and
wet weather in April 2007 discouraged consumer usage during this
key retail selling period, and these lost opportunities were not
recovered as the weather improved later in the spring. While we
saw strong growth in the gardening
Table of Contents
category, in our Scotts
LawnService®
business, and in our Global Professional segment, the adverse
impact of weather on the important lawns business in North
America overshadowed these successes.
Net Sales Consolidated net sales for fiscal 2008 increased 3.8% to $2.98 billion from $2.87 billion in fiscal 2007, while for fiscal 2007, net sales increased 6.3% to $2.87 billion from $2.70 billion in fiscal 2006. Significantly impacting the rate of sales growth in both years were the following items:
Excluding the impact of pricing, Global Consumer adjusted net sales declined by 2.5% for the year. We believe this was a result of a number of factors, including the overall economic climate in the United States, as well as unfavorable early spring weather conditions. Adjusted net sales in our Global Professional segment grew 9.3% excluding the impact of pricing, driven by strong demand for the proprietary technology used in that segment. Despite a reduction in customer count, Scotts LawnService® experienced adjusted net sales growth of 1.2%, excluding the impact of pricing. Corporate & Other adjusted net sales decreased 13.8%, primarily driven by declines across all channels of the Smith & Hawken® business. The adjusted net sales increase of 3.4% in fiscal 2007 was reflective of the weather related challenges in the largest part of our business, the Global Consumer segment. Extreme cold and wet weather in April 2007 discouraged consumer usage during this key retail selling period, and these lost opportunities were not recovered as the weather improved later in the spring. While we saw strong growth in the gardening Table of Contentscategory, in our Scotts LawnService® business, and in our Global Professional segment, the adverse impact of weather on the important lawns business in North America overshadowed these successes. These excerpts taken from the SMG 10-K filed Nov 25, 2008. Net
Sales
Consolidated net sales for fiscal 2008 increased 3.8% to
$2.98 billion from $2.87 billion in fiscal 2007, while
for fiscal 2007, net sales increased 6.3% to $2.87 billion
from $2.70 billion in fiscal 2006. Significantly impacting
the rate of sales growth in both years were the following items:
Excluding the impact of pricing, Global Consumer adjusted net
sales declined by 2.5% for the year. We believe this was a
result of a number of factors, including the overall economic
climate in the United States, as well as unfavorable early
spring weather conditions. Adjusted net sales in our Global
Professional segment grew 9.3% excluding the impact of pricing,
driven by strong demand for the proprietary technology used in
that segment. Despite a reduction in customer count, Scotts
LawnService®
experienced adjusted net sales growth of 1.2%, excluding the
impact of pricing. Corporate & Other adjusted net sales
decreased 13.8%, primarily driven by declines across all
channels of the Smith &
Hawken®
business.
The adjusted net sales increase of 3.4% in fiscal 2007 was
reflective of the weather related challenges in the largest part
of our business, the Global Consumer segment. Extreme cold and
wet weather in April 2007 discouraged consumer usage during this
key retail selling period, and these lost opportunities were not
recovered as the weather improved later in the spring. While we
saw strong growth in the gardening category, in our Scotts
LawnService®
business, and our in Global Professional segment, the adverse
impact of weather on the important lawns business in North
America overshadowed these successes.
Table of Contents
Net Sales Consolidated net sales for fiscal 2008 increased 3.8% to $2.98 billion from $2.87 billion in fiscal 2007, while for fiscal 2007, net sales increased 6.3% to $2.87 billion from $2.70 billion in fiscal 2006. Significantly impacting the rate of sales growth in both years were the following items:
Excluding the impact of pricing, Global Consumer adjusted net sales declined by 2.5% for the year. We believe this was a result of a number of factors, including the overall economic climate in the United States, as well as unfavorable early spring weather conditions. Adjusted net sales in our Global Professional segment grew 9.3% excluding the impact of pricing, driven by strong demand for the proprietary technology used in that segment. Despite a reduction in customer count, Scotts LawnService® experienced adjusted net sales growth of 1.2%, excluding the impact of pricing. Corporate & Other adjusted net sales decreased 13.8%, primarily driven by declines across all channels of the Smith & Hawken® business. The adjusted net sales increase of 3.4% in fiscal 2007 was reflective of the weather related challenges in the largest part of our business, the Global Consumer segment. Extreme cold and wet weather in April 2007 discouraged consumer usage during this key retail selling period, and these lost opportunities were not recovered as the weather improved later in the spring. While we saw strong growth in the gardening category, in our Scotts LawnService® business, and our in Global Professional segment, the adverse impact of weather on the important lawns business in North America overshadowed these successes. Table of ContentsThis excerpt taken from the SMG 10-K filed Nov 29, 2007. Net
Sales
Consolidated net sales for fiscal 2007 increased 6.3% to
$2.87 billion from $2.70 billion in fiscal 2006, while
for fiscal 2006, net sales increased 13.8% to
$2.70 billion from $2.37 billion in fiscal 2005.
Significantly impacting the rate of sales growth in both years
were the following items:
The adjusted net sales increase of 3.4% is reflective of the
weather-related challenges we experienced this year in the
largest part of our business, the North America segment. Extreme
cold and wet weather in April discouraged consumer usage during
this key period, and these lost opportunities were not recovered
as the weather improved later in the spring. As we moved into
the summer, heat and
drought for large portions of the country created difficult lawn
care conditions discouraging many of our do-it-yourself
consumers from investing in their lawns. While we saw strong
growth in the gardening category, in our Scotts
LawnService®
business, and our International segment, the adverse impact of
weather on the important North American lawns business
overshadowed these successes.
The adjusted net sales growth of 7.3% in fiscal 2006 was driven
by strong growth in our North American consumer business and the
Scotts
LawnService®
business. In contrast, a difficult lawn and garden market in
Europe during fiscal 2006 contributed to a net sales decline
after adjusting for the effect of exchange rates.
This excerpt taken from the SMG 10-K filed Dec 14, 2006. Net
Sales
Consolidated net sales for fiscal 2006 increased 13.8% to
$2.70 billion from $2.37 billion in fiscal 2005.
Acquisitions, foreign exchange rates and a
Roundup®
deferred contribution liability charge in fiscal 2005
significantly impacted the rate of sales growth in fiscal 2006,
as detailed in the following table:
The adjusted net sales growth of 7.3% was driven by strong
growth in our North American consumer business and the Scotts
LawnService®
business. In contrast, the lawn and garden market has been
difficult in Europe as net sales are down 1.7% after adjusting
for the effect of exchange rates. North America segment sales
grew 14.8% to $1.91 billion, or 7.9% excluding
acquisitions. Volume growth contributed 5.8%, pricing 1.9%, with
the balance due to the effects of foreign exchange rates. Scotts
LawnService®
net sales were $205.7 million in fiscal 2006, up 28.7% from
fiscal 2005. Volume growth drove approximately two-thirds of the
increase with the balance from pricing and acquisitions.
International segment sales declined 5.1% to $408.5 million
in fiscal 2006, with one-third of the decline due to volume and
the balance due to a decline in average foreign exchange rates.
In fiscal 2005, worldwide net sales totaled $2.37 billion,
an increase of 12.5% compared to fiscal 2004 or 4.7% excluding
the impact of the Smith &
Hawken®
acquisition. Positive impacts from foreign exchanges rates
contributed 1.2% to sales growth, while the impact of net
selling prices added 1.9% to sales growth.
| EXCERPTS ON THIS PAGE:
RELATED TOPICS for SMG: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||
