![]() Coleman said there was a “spike in consumer complaints” in South Carolina and Louisiana. Scotts voluntarily took its newly formulated Bonus S weed-and-feed off the shelves and replaced it with the old formula, Coleman told analysts at a New York City conference May 21. ![]() Now it expects it to fall on the lower end of that range, to between $3.40 and $3.50. ![]() Marysville-based Scotts (NYSE:SMG) had expected fiscal 2015 earnings between $3.40 and $3.60 a share. It took action after numerous customer complaints that the weed-and-feed product wasn’t feeding lawns – rather, it was killing them.ĬFO Randy Coleman called the voluntary move a “hiccup” but with a cost estimated between $5 million and $7 million, it led the company to temper its earnings guidance. is taking a multimillion-dollar hit after the company took one of its most-popular products off the shelves in some states.
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