More people gardening to pass time during the summer’s economic shutdown gave Scott’s Miracle-Gro, maker of lawn and garden products, a net income of $3.9 million during the third quarter. A year earlier, the company had posted $57.9 million in losses.
Sales for the quarter grew to $890.3 million against $497.7 million in the same period in 2019.
TREND FORECAST: We note this income spike, since it is a trend we had forecast at the outbreak of the COVID War in March. Not only has Scott’s profited from the lockdown, the entire sector, from Home Depot to mom-and-pop garden centers, have reaped higher sales and profits.
In our 24 March article, VICTORY GARDENS 2.0, we wrote,
With nations in lockdown and a ban on all “non-essential” work sweeping the globe, hundreds of millions suddenly have a lot of free time on their hands.
And with masses out of work, short on cash, and millions wanting to improve their health, planting a vegetable garden is not only practical, but also enjoyable for those who want to rise above the climate of fear and reconnect with nature.
As world leaders and the media compare the coronavirus to war, “VICTORY GARDENS 2.0” will help lift sprits and improve the health of nations.
Victory Gardens, also called “war gardens,” were originally planted during World War I and II to help reduce the pressure on public food supply during these times of crisis.
Now, in this age of Pandemic Panic, society’s survival instincts will return to their roots, rediscovering the path to nature and connecting with the land.
And with masses out of work, short on cash, and millions wanting to improve their health, planting a vegetable garden is not only practical, but also enjoyable for those who want to rise above the climate of fear and reconnect with nature.
As world leaders and the media compare the coronavirus to war (see “ON THE WARPATH”), “VICTORY GARDENS 2.0” will help lift sprits and improve the health of nations.
Victory Gardens, also called “war gardens,” were originally planted during World Wars I and II to help reduce the pressure on public food supply during these times of crisis.
Now, in this age of Pandemic Panic, society’s survival instincts will return to their roots, rediscovering the path to nature and connecting with the land.”