Inflation is ‘bad for America,’ says Scotts Miracle-Gro CEO
August 04, 2021 at 13:15 PM EDT
Shares of Scotts Miracle-Gro Co. sank toward a nine-month low Wednesday, as the garden and lawn care company beat earnings expectations for the fiscal third quarter but didn't raise its full-year outlook, as inflationary pressures were expected to eat further into profits.