Scotts Miracle-Gro Co Annual Shareholders Meeting Transcript
Ladies and gentlemen, thank you for standing by, and welcome to The Scotts Miracle-Gro Company Annual Meeting.
At this time, I would like to turn the conference over to Mr. James Hagedorn. Please go ahead.
Thank you. Good morning, everyone. My name is Jim Hagedorn, Chairman and Chief Executive Officer of The Scotts Miracle-Gro Company, and I'd like to thank you for joining us this morning for our Annual Meeting of Shareholders.
Before we launch into our agenda, I want to thank our shareholders for their continued support. As you know, we had a record result in fiscal 2020 as millions of consumers turned at to gardening, while dealing with a global pandemic.
Our U.S. Consumer segment grew by 24%, the highest level of growth in memory, and that was not aided by acquisitions. And Hawthorne Garden Company grew by 61%, again, without acquisitions. The business outperformed the competition and further demonstrated its leadership in the indoor cultivation
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