SMG

MARYSVILLE, Ohio, June 03, 2026 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE: SMG), the leading marketer of branded consumer lawn and garden products in North America, announced today that it is reaffirming its full fiscal year 2026 guidance. The Company is providing the financial update before the close of its fiscal third quarter on June 27 to coincide with its presentation today at the William Blair Annual Growth Stock Conference. The Company reported that entering June its year-to-date branded consumer POS dollars are up around 1 percent versus the same period prior year. Additionally, the Company noted that approximately 90 percent of its commodities are locked entering June for fiscal 2026, providing strong confidence in its ability to mitigate the impact of inflationary pressures and achieve its gross margin guidance of at least 32 percent. “With the peak lawn and garden season upon us, we continue to see positive trends on a number of fronts, from consistent retailer engagement to steady consumer takeaway,” said Jim Hagedorn, chairman and CEO. “Our strategy to focus on our higher-margin branded products, expand our channels and reach broader demographic groups has us tracking well to our fiscal 2026 guidance that is foundational to our longer-range financial goals.” Nate Baxter, president and chief operating officer, added, “We are navigating the seasonal nature of our business and the inevitable fluctuations stemming from regional weather challenges in early May. We are seeing gains in POS and retailer replenishment since Memorial Day on the strength of our consumer activation, advertising and ecommerce initiatives. We are extending the lawn and garden season far beyond spring and relentlessly executing our operating plan that is built to drive our full-year results.” Mark Scheiwer, chief financial officer and chief accounting officer, said, “Our performance to date has given us confidence in our fiscal 2026 guidance and ability to deliver net sales growth, gross margin expansion and profitability improvement that are central to greater shareholder value. Achieving our adjusted EBITDA and free cash flow targets will enable us to keep our leverage ratio in the high 3’s and begin executing our share repurchase program by the end of the calendar year.” Fiscal 2026 Outlook The fiscal 2026 guidance that has been reaffirmed by the Company incl...

Even though The Scotts Miracle-Gro Company (NYSE:SMG ) posted strong earnings, investors appeared to be underwhelmed. We did some digging and actually think they are being unnecessarily pessimistic. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. To properly understand Scotts Miracle-Gro's profit results, we need to consider the US$55m expense attributed to unusual items. It's never great to see unusual items costing the company profits, but on the upside, things might improve sooner rather than later. When we analysed the vast majority of listed companies worldwide, we found that significant unusual items are often not repeated. And, after all, that's exactly what the accounting terminology implies. If Scotts Miracle-Gro doesn't see those unusual expenses repeat, then all else being equal we'd expect its profit to increase over the coming year. That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates. Unusual items (expenses) detracted from Scotts Miracle-Gro's earnings over the last year, but we might see an improvement next year. Based on this observation, we consider it likely that Scotts Miracle-Gro's statutory profit actually understates its earnings potential! Furthermore, it has done a great job growing EPS over the last year. At the end of the day, it's essential to consider more than just the factors above, if you want to understand the company properly. So if you'd like to dive deeper into this stock, it's crucial to consider any risks it's facing. In terms of investment risks, we've identified 1 warning sign with Scotts Miracle-Gro, and understanding this should be part of your investment process. This note has only looked at a single factor that sheds light on the nature of Scotts Miracle-Gro's profit. But there is always more to discover if you are capable of focussing your mind on minutiae. For example, many people consider a high return on equity as an indication of favorable business economics, while others like to 'follow the money' and search out stocks that insiders are buying. While it might take a little research on your behalf, you may find this free collection of companies boasting high return on equity, or this li...

In late April 2026, The Scotts Miracle-Gro Company reported second-quarter sales of US$1,459.5 million and net income of US$238.6 million, alongside reaffirmed fiscal 2026 guidance for low single-digit U.S. Consumer net sales growth. The completion of the Hawthorne business sale and stronger performance in core lawn and garden products have simplified Scotts Miracle-Gro’s portfolio and sharpened investor focus on its continuing U.S. Consumer operations. Next, we’ll examine how the Hawthorne divestiture and resulting focus on core U.S. Consumer operations affect Scotts Miracle-Gro’s investment narrative. Uncover the next big thing with 25 elite penny stocks that balance risk and reward. To own Scotts Miracle-Gro today, you need to believe the tighter focus on U.S. Consumer lawn and garden brands can support steady earnings and dividend resilience, even as weather and shifting consumer preferences remain key risks. The latest quarter’s higher sales and net income from continuing operations, along with reaffirmed low single digit U.S. Consumer growth guidance, supports the near term catalyst of margin recovery, while ongoing shareholder lawsuits and investigations introduce an additional layer of uncertainty that investors cannot ignore. The completion of the Hawthorne sale to Vireo Growth and the reclassification of Hawthorne as a discontinued operation are especially relevant here, because they sharpen attention on the core U.S. Consumer segment that drove the reported increase in net sales and improved gross margins. This cleaner structure could make it easier to track whether planned cost savings, product innovation, and e commerce efforts actually flow through to earnings and cash flow in the coming years. Yet against this improving core story, investors also need to weigh the emerging legal and governance questions that... Read the full narrative on Scotts Miracle-Gro (it's free!) Scotts Miracle-Gro's narrative projects $3.5 billion revenue and $348.1 million earnings by 2028. Uncover how Scotts Miracle-Gro's forecasts yield a $75.50 fair value, a 21% upside to its current price. Before this earnings beat, the most optimistic analysts were assuming revenue of about US$3.7 billion and earnings near US$352 million by 2029, which is far more upbeat than consensus and leans heavily on faster margin expansion and cost savings, so this new data point may either...

Ariel Investments, an investment management company, released its “Ariel Fund" Q1 2026 Investor Letter. A copy of the letter can be downloaded here. The fund declined 1.48% in the quarter, underperforming both the Russell 2500 Value and Russell 2000 Value indices, which returned 4.77% and 4.96%, respectively. The S&P 500 posted its worst quarterly decline since Q3 2022, driven by escalating conflicts in the Middle East, rising energy prices, increasing bond yields, and diminishing expectations for interest rate cuts. The firm attributed performance to gains in holdings, supported by long-term growth themes like AI-driven power demand, strong consumer engagement, and healthcare innovation. While detractors weighed on returns due to weak consumer demand, operational challenges, and softer private market activity. Ariel also noted portfolio moves, while maintaining a cautious outlook, citing rising recession risks, geopolitical tensions, and narrow market leadership, emphasizing that its disciplined, fundamentals-driven strategy and focus on high-quality businesses should help navigate near-term volatility and capture long-term opportunities. In addition, you can check the Fund’s top five holdings to determine its best picks for 2026. In its first-quarter 2026 investor letter, Ariel Fund highlighted stocks like The Scotts Miracle-Gro Company (NYSE:SMG). The Scotts Miracle-Gro Company (NYSE:SMG) produces branded lawn, garden, and hydroponics products for consumer and professional markets. The one-month return of The Scotts Miracle-Gro Company (NYSE:SMG) was -5.66% while its shares traded between $52.00 and $72.35 over the last 52 weeks. On May 1, 2026, The Scotts Miracle-Gro Company (NYSE:SMG) stock closed at approximately $67.72 per share, with a market capitalization of about $3.58 billion. Ariel Fund stated the following regarding The Scotts Miracle-Gro Company (NYSE:SMG) in its Q1 2026 investor letter: The Scotts Miracle-Gro Company (NYSE:SMG) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. As per our database, 33 hedge fund portfolios held The Scotts Miracle-Gro Company (NYSE:SMG) at the end of the fourth quarter, which was 41 in the previous quarter. While we acknowledge the risk and potential of The Scotts Miracle-Gro Company (NYSE:SMG) as an investment, our conviction lies in the belief that some AI stocks hold greater p...

Scotts closed Q2 with leverage at 3.71x debt-to-EBITDA — the first time below 4x in four years — and completed the Hawthorne divestiture, enabling management to begin a multi-year share repurchase program with a goal to buy back at least one-third of shares. SMG 2.0 is a roadmap to 2030 targeting an incremental $1 billion in sales, a gross margin rate approaching 40%, and EBITDA north of $1 billion, with up to $800 million of growth expected from e-commerce and initiatives including SKU rationalization, channel expansion, and AI-driven operational efficiencies. Q2 performance showed progress on the plan: net sales rose 5% to $1.46 billion, branded sales +8%, GAAP gross margin improved to 41.8% (up 280 bps), adjusted EBITDA increased to $437.4 million, e-commerce POS grew 22%, and the company reaffirmed fiscal 2026 guidance. Interested in The Scotts Miracle-Gro Company? Here are five stocks we like better. Why Analysts Still Predict Double-Digit Upside for Mosaic Stock Scotts Miracle-Gro (NYSE:SMG) said it continued to build on its multi-year financial recovery in fiscal second-quarter 2026, highlighting lower leverage, expanding margins, and the completed divestiture of its Hawthorne business as it pivots toward a new growth plan centered on e-commerce and higher-margin branded products. Chairman and CEO Jim Hagedorn opened the call by emphasizing that the company has made progress against “every single one” of its full-year financial priorities through the first six months of the fiscal year. He highlighted two milestones: closing the quarter with leverage at 3.71x debt-to-EBITDA—“the first time in four years that we’re below four times”—and completing the divestiture of Hawthorne. → Meta Posted Its Best Sales Growth Since 2021—So Why Did Shares Fall? ScottsMiracle-Gro Stock Blooms After Investor Day Optimism Hagedorn said gross margin expansion is “on track,” the company’s mix strategy is working, and free cash flow, EBITDA and EPS are “exceeding expectations.” He also reiterated the company’s intention to begin the first tranche of the multi-year share repurchase program announced in the prior quarter now that leverage is “comfortably in the threes,” with an “ultimate goal” to buy back at least a third of shares outstanding. CFO Mark Scheiwer said he will serve as “the gatekeeper” for repurchases, with an emphasis on maintaining leverage in the threes. Ha...

Management declared the four-year financial recovery complete, having reduced leverage to 3.71x and divested the Hawthorne business to focus on core high-margin brands. The new 'SMG 2.0' framework targets $1 billion in incremental sales by 2030, with approximately $800 million of that growth expected to originate from e-commerce channels. Performance was driven by a strategic shift away from low-margin mulch and non-branded products toward high-margin branded soils, grass seed, and fertilizers. The company is aggressively rationalizing its portfolio, with plans to eliminate 30% of its lowest-performing SKUs by the next fiscal year to reduce complexity and improve margins. Operational efficiency is being bolstered by a dual-track AI strategy, utilizing 40 use cases ranging from automated content generation to optimized supply chain data insights. Retail relationships have evolved into a 'branded-first' partnership where promotional dollars are strictly tied to high-margin products rather than private label commodities. Management reaffirmed fiscal 2026 guidance, noting that most commodity costs for the current year are locked or hedged despite global supply pressures from the Iran war. A multiyear share repurchase program is commencing with the goal of buying back at least 1/3 of outstanding shares, modulated to maintain leverage in the 3.0x to 4.0x range. The company explicitly stated it will prioritize gross margin targets over volume in fiscal 2027, intending to implement pricing adjustments if commodity volatility persists. Long-term financial targets for 2030 include reaching a gross margin rate approaching 40% and total EBITDA exceeding $1 billion. Future innovation will focus on 'e-commerce first' product design, creating SKUs specifically optimized for online shipping and the needs of millennial and Gen Z consumers. The divestiture of the Hawthorne segment was completed in early April, with the business now classified as a discontinued operation. A new Chief Brand Officer from a global digital agency will join in June to lead the transition toward lifestyle-based marketing and digital consumer experiences. Global supply chain pressures stemming from the Iran war are identified as a primary uncertainty for fiscal 2027, though current year impacts are considered manageable. The company is transitioning its ERP to SAP S/4HANA to create a 'modern data lak...

Scotts Miracle-Gro (SMG) reported $1.46 billion in revenue for the quarter ended March 2026, representing a year-over-year increase of 2.7%. EPS of $4.53 for the same period compares to $3.98 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $1.4 billion, representing a surprise of +4.03%. The company delivered an EPS surprise of +14.16%, with the consensus EPS estimate being $3.97. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how Scotts performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net Sales- Other: $82.5 million versus the four-analyst average estimate of $78.94 million. The reported number represents a year-over-year change of +7.4%. Net Sales- U.S.Consumer: $1.38 billion compared to the $1.32 billion average estimate based on four analysts. The reported number represents a change of +5% year over year. Segment Profit (Loss) (Non-GAAP)- U.S. Consumer: $437.3 million versus $307.45 million estimated by two analysts on average. Segment Profit (Loss) (Non-GAAP)- Corporate: $-44.7 million versus the two-analyst average estimate of $-49.17 million. Segment Profit (Loss) (Non-GAAP)- Other: $12.1 million versus $2.93 million estimated by two analysts on average. View all Key Company Metrics for Scotts here>>> Shares of Scotts have returned +7.5% over the past month versus the Zacks S&P 500 composite's +12.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Scotts Miracle-Gro Company (SMG) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

MARYSVILLE, Ohio (AP) — MARYSVILLE, Ohio (AP) — Scotts Miracle-Gro Co. (SMG) on Wednesday reported fiscal second-quarter earnings of $238.6 million. On a per-share basis, the Marysville, Ohio-based company said it had profit of $4.04. Earnings, adjusted to account for discontinued operations and restructuring costs, were $4.53 per share. The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $3.97 per share. The lawn and garden products company posted revenue of $1.46 billion in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $1.4 billion. Scotts expects full-year earnings in the range of $4.15 to $4.35 per share. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SMG at https://www.zacks.com/ap/SMG

Scotts Miracle-Gro (SMG) came out with quarterly earnings of $4.53 per share, beating the Zacks Consensus Estimate of $3.97 per share. This compares to earnings of $3.98 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +14.16%. A quarter ago, it was expected that this lawn and garden products company would post a loss of $1.04 per share when it actually produced a loss of $0.77, delivering a surprise of +25.96%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Scotts, which belongs to the Zacks Agriculture - Operations industry, posted revenues of $1.46 billion for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 4.03%. This compares to year-ago revenues of $1.42 billion. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Scotts shares have added about 12.1% since the beginning of the year versus the S&P 500's gain of 4.3%. While Scotts has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Scotts was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Stro...

Net sales increased by 5% Gross margin rate improved by over 200 basis points Net leverage at 3.71x, down from prior year of 4.41x MARYSVILLE, Ohio, April 29, 2026 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE: SMG), the leading marketer of branded consumer lawn and garden products in North America, today reported results for the second quarter ended March 28, 2026. “Our performance reflects progress on all our financial imperatives,” said Jim Hagedorn, chairman and CEO. “We continued our growth trajectory and delivered meaningful leverage ratio improvement, putting us in position for more shareholder friendly actions including the previously announced multi-year share repurchase program. At the same time, we are reinvesting in our consumer franchise with a focus on achieving our fiscal 2026 guidance that is foundational to our longer-range financial targets.” Mark Scheiwer, chief financial officer and chief accounting officer, added, “We delivered a strong second quarter, executing on net sales growth, gross margin expansion and other key financial priorities. We are driving profitability growth and improved free cash flow while making incremental investments in consumer activation and return-generating capital expenditures. Strong sales and POS momentum continued in April, further boosting our confidence in the full-year outlook.” Fiscal 2026 Second Quarter Highlights Net sales were $1.46 billion, an increase of 5% versus prior year GAAP and non-GAAP adjusted gross margin rate of 41.8% improved by 280 and 240 basis points over prior year, respectively. GAAP net income from continuing operations of $4.46 per share and non-GAAP adjusted net income from continuing operations of $4.53 per share improved by 18 percent and 13 percent over prior year, respectively. Non-GAAP adjusted EBITDA of $437.4 million improved by 9 percent over prior year. Net leverage of 3.71x improved 0.70x versus last year. Fiscal 2026 Outlook The fiscal 2026 guidance that has been reaffirmed by the Company includes: U.S. Consumer net sales low single-digit growth Non-GAAP adjusted gross margin rate of at least 32% Non-GAAP adjusted net income per share from continuing operations of $4.15 to $4.35 Non-GAAP adjusted EBITDA mid single-digit growth Free cash flow of $275 million, driving leverage ratio down to the high 3’s The Company will file a Form 8-K prior to the start of th...

Scotts Miracle-Gro (SMG) reported Wednesday fiscal Q2 non-GAAP net income from continuing operations

The Scotts Miracle-Gro Company (NYSE:SMG) reported second-quarter results on Wednesday that came in ahead of analyst expectations, supported by revenue growth and improved margins. Shares gained 3.18% in premarket trading following the announcement. The company posted adjusted earnings per share of $4.53 for the quarter ended March 28, beating the consensus estimate of $3.86 by $0.67. Revenue totaled $1.46 billion, exceeding forecasts of $1.41 billion and rising 5% compared with the same period last year. The revenue increase was accompanied by a notable improvement in profitability, with adjusted gross margin expanding by 240 basis points to 41.8%. “We delivered a strong second quarter, executing on net sales growth, gross margin expansion and other key financial priorities,” said Mark Scheiwer. “We are driving profitability growth and improved free cash flow while making incremental investments in consumer activation and return-generating capital expenditures.” Scotts Miracle-Gro reaffirmed its full-year fiscal 2026 guidance, expecting adjusted earnings per share from continuing operations in the range of $4.15 to $4.35. The midpoint of $4.25 was not directly compared with a specific analyst consensus. The company also expects U.S. Consumer segment net sales to grow in the low single digits and forecasts an adjusted gross margin of at least 32%. Adjusted EBITDA increased 9% year over year to $437.4 million. The company’s net leverage ratio improved to 3.71x from 4.41x a year earlier, reflecting progress in reducing debt. Scotts Miracle-Gro expects to generate approximately $275 million in free cash flow for fiscal 2026, which it anticipates will help lower its leverage ratio into the high-3x range. ScottsMiracle-Gro stock price