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Public Employees Retirement System of Ohio acquired a new stake in The Scotts Miracle-Gro Company (NYSE:SMG – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,421 shares of the basic materials company’s stock, valued at approximately $1,323,000.

A number of other large investors have also made changes to their positions in SMG. State Street Corp raised its stake in Scotts Miracle-Gro by 1.1% in the 2nd quarter. State Street Corp now owns 1,522,093 shares of the basic materials company’s stock valued at $100,397,000 after purchasing an additional 16,298 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Scotts Miracle-Gro by 161.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,289,974 shares of the basic materials company’s stock worth $78,443,000 after purchasing an additional 795,970 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Scotts Miracle-Gro by 29.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,165,367 shares of the basic materials company’s stock worth $66,368,000 after purchasing an additional 265,677 shares during the last quarter. Captrust Financial Advisors grew its holdings in shares of Scotts Miracle-Gro by 0.3% during the fourth quarter. Captrust Financial Advisors now owns 1,157,714 shares of the basic materials company’s stock worth $67,553,000 after buying an additional 2,899 shares in the last quarter. Finally, Deprince Race & Zollo Inc. grew its holdings in shares of Scotts Miracle-Gro by 4.9% during the first quarter. Deprince Race & Zollo Inc. now owns 1,087,339 shares of the basic materials company’s stock worth $66,121,000 after buying an additional 51,148 shares in the last quarter. Institutional investors and hedge funds own 74.07% of the company’s stock.

Analyst Upgrades and Downgrades Several equities analysts recently issued reports on the stock. Stifel Nicolaus upped their price objective on shares of Scotts Miracle-Gro from $75.00 to $76.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Wells Fargo & Company lifted their target price on shares of Scotts Miracle-Gro from $74.00 to $77.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. Wall Street Zen cut shares of Scotts Miracle-Gro from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. UBS Group boosted their price target on Scotts Miracle-Gro from $70.00 to $78.00 and gave the company a “neutral” rating in a report on Thursday, July 30th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Scotts Miracle-Gro in a research note on Friday, July 31st. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Scotts Miracle-Gro currently has a consensus rating of “Hold” and a consensus target price of $75.40.

Get Our Latest Report on SMG Scotts Miracle-Gro Price Performance NYSE SMG opened at $59.46 on Tuesday. The company has a market cap of $3.46 billion, a P/E ratio of 51.70 and a beta of 1.83. The Scotts Miracle-Gro Company has a 12 month low of $52.00 and a 12 month high of $75.34. The company has a 50-day moving average of $64.72 and a 200-day moving average of $63.70.

Scotts Miracle-Gro (NYSE:SMG – Get Free Report) last released its earnings results on Wednesday, July 29th. The basic materials company reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.34. Scotts Miracle-Gro had a net margin of 2.19% and a negative return on equity of 81.90%. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period last year, the company earned $2.59 earnings per share. The company’s quarterly revenue was up 1.1% on a year-over-year basis. As a group, equities research analysts anticipate that The Scotts Miracle-Gro Company will post 4.41 EPS for the current year.

Scotts Miracle-Gro Announces Dividend The business also recently declared a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Friday, August 21st were issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date was Friday, August 21st. Scotts Miracle-Gro’s dividend payout ratio (DPR) is 229.57%.

Insider Buying and Selling at Scotts Miracle-Gro In related news, Director Hagedorn Partnership, L.P. sold 30,000 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $67.45, for a total value of $2,023,500.00. Following the transaction, the director directly owned 13,137,641 shares of the company’s stock, valued at approximately $886,133,885.45. This trade represents a 0.23% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mark D. Kingdon sold 831 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $61.65, for a total value of $51,231.15. Following the completion of the transaction, the director directly owned 10,827 shares in the company, valued at $667,484.55. This trade represents a 7.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 32,002 shares of company stock worth $2,154,734 in the last quarter. 24.40% of the stock is owned by insiders.

(Free Report)

Scotts Miracle-Gro Company is a leading developer, manufacturer and distributor of consumer lawn and garden products. The firm serves both retail and professional customers through an array of branded offerings that include lawn fertilizers, grass seed, pest and disease control solutions, plant foods and specialty products for indoor and outdoor gardening. Its portfolio spans well-known names such as Scotts®, Miracle-Gro®, Ortho® and various hydroponic and specialty garden brands.

Headquartered in Marysville, Ohio, the company traces its roots to O.M.

Further Reading Five stocks we like better than Scotts Miracle-Gro 3 Under-the-Radar Defense Stocks With Record Backlogs This Korea ETF Has Soared, But the Rally May Not Be Over Why Guidewire’s Post-Earnings Plunge May Not Last Ride-Share Reckoning: Tesla Drives Into Uber’s Lane Want to see what other hedge funds are holding SMG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Scotts Miracle-Gro Company (NYSE:SMG – Free Report).

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Key Takeaways SMG plans to acquire Black Kow, adding organic amendments, mature manure and specialty soils.SMG aims to scale Black Kow nationwide through innovation and increased household penetration.Fiscal 2027-2029 targets include 2-4% sales growth, 5-8% EPS growth, and free cash flow above $275M. The Scotts Miracle-Gro Company (SMG - Free Report) is expanding its media and soil amendment portfolio as part of its multi-year SMG 2.0 growth plan by acquiring the Black Kow brand. The planned acquisition is built on SMG’s existing agreement, under which the company has been the exclusive producer, distributor and marketer of Black Kow since January 2026, with an option to buy. The company has announced its intention to exercise the option, with an expected close in October. Terms of the deal have not been disclosed.

The acquisition helps the company progress with its multi-year SMG 2.0 growth plan that is focused on achieving mid-range financial targets. Black Kow’s acquisition will aid innovation through revitalization of product lineups to drive premium growth by integrating it seamlessly into SMG’s core lawn and garden business. The portfolio will now additionally include organic amendments, mature manure and specialty soils.

Management expects the transaction to contribute to topline sales while maintaining the margin profile established by the company. The acquisition also underscores SMG’s disciplined capital allocation approach, with management describing it as a low-risk investment that is expected to support leverage ratio targets and be accretive to earnings per share beginning in the first year.

SMG plans to scale the Black Kow brand, a trusted 57-year-old name in the soil amendment category, through innovation and expand its availability nationwide by increasing household penetration. The deal also supports the company’s fiscal 2027-2029 growth algorithm, which targets 2-4% annual net sales growth, 50-100 basis points of adjusted gross margin improvement, 5-8% adjusted EPS growth, and free cash flow above $275 million.

SMG shares have lost 4.5% in the past year against the industry’s 11.5% growth.

Image Source: Zacks Investment Research

SMG’s Zacks Rank & Key PicksSMG currently carries a Zacks Rank #3 (Hold)

Some better-ranked stocks in the Basic Materials space are Neo Performance Materials Inc. (NOPMF - Free Report) , Carpenter Technology Corporation (CRS - Free Report) and Avient Corporation (AVNT - Free Report) .

While NOPMF currently sports a Zacks Rank #1 (Strong Buy), CRS and AVNT carry a Zacks Rank #2 (Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for NOPMF’s 2026 earnings is pegged at $1.4 per share, indicating a 185.71% year-over-year increase. NOPMF’sshares have gained 84.1% over the past year.

The Zacks Consensus Estimate for CRS’ fiscal 2027 earnings is pegged at $12.92 per share, indicating a rise of 20.07% year over year. Its earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 8.39%.

The Zacks Consensus Estimate for AVNT’s current-year earnings is pinned at $3.2 per share, indicating a 13.48% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 3.4%. AVNT’sshares have gained 14.6% over the past year.

Company will scale trusted 57-year-old brand and expand its availability nationwide  | Source: Scotts Miracle-Gro Company (The)

MARYSVILLE, Ohio, Sept. 03, 2026 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE: SMG), the leading marketer of branded consumer lawn and garden products in North America, today announced that it intends to acquire the Black Kow brand to strategically expand its growing media and soil amendment portfolio.

In January 2026, the Company became the exclusive producer, distributor and marketer of Black Kow under a licensing agreement with an option to purchase. The Company has informed Organics Management, owner of Black Kow, that it has exercised the purchase option with an expected close in October. Terms of the deal were not disclosed.

“The planned acquisition of Black Kow demonstrates continued progress with our multi-year SMG 2.0 growth plan and further strengthens our ability to achieve our mid-range financial targets,” said Nate Baxter, president and CEO of ScottsMiracle-Gro.

“Black Kow is a testament to our merger-and-acquisition strategy centered on tuck-in brands that we can seamlessly integrate into our core lawn and garden business. We will be good stewards of this trusted 57-year-old brand, scaling Black Kow from an innovation standpoint and expanding its availability nationally to engage broader demographic groups.”

Black Kow, a leading brand in the soil amendment category, will complement Miracle-Gro premium ready-to-use products, expanding the overall portfolio with an established line of organic amendments, mature manure and specialty soils essential for building long-term soil structure and ideal for consumers who like to tinker in their gardens.

“Black Kow aligns with our mid-range growth algorithm as we expect it to drive topline sales and be consistent with the margin profile we have established moving forward,” said Mark Scheiwer, chief financial officer and chief accounting officer. “This acquisition also reflects our disciplined approach to capital allocation, as it is a low-risk investment that will support our leverage ratio targets and be accretive to EPS beginning in year one.”

SMG 2.0 Building Blocks

The acquisition of Black Kow is a tactical execution of SMG 2.0, whose building blocks include:

Portfolio optimization and innovation through revitalization of product lineups to drive premium growth.Omnichannel and retail expansion to engage broader consumer groups through digital scale and retailer partnerships.Category growth and market expansion through greater household penetration to grow the Company’s addressable market.Technology-driven operational excellence with a focus on expanding margins via targeted AI, automation and supply chain efficiencies. Mid-Range Growth Algorithm

Black Kow supports the mid-range growth algorithm announced by the Company in August for fiscal 2027 through fiscal 2029 to deliver sustainable shareholder value. Elements include average annual:

Total Company net sales growth of 2 to 4%.Adjusted gross margin rate improvement of 50 to 100 basis points.Adjusted EPS growth of 5 to 8%.Free cash flow greater than $275 million. About ScottsMiracle-Gro
With approximately $3.3 billion in sales, the Company is the leading marketer of branded consumer lawn and garden products in North America. The Company’s brands are among the most recognized in the industry. The Company’s Scotts®, Miracle-Gro®, Ortho® and Tomcat® brands are market-leading in their categories. For additional information, visit us at www.scottsmiraclegro.com

For investor inquiries:
Brad Chelton
Vice President
Treasury, Tax and Investor Relations
[email protected]
(937) 309-2503

For media inquiries:
Tom Matthews
Chief Communications Officer
[email protected]
(937) 844-3864

Scotts Miracle-Gro (NYSE:SMG – Get Free Report) and FUCHS (OTCMKTS:FUPBY – Get Free Report) are both mid-cap materials companies, but which is the better investment? We will compare the two companies based on the strength of their earnings, institutional ownership, analyst recommendations, risk, valuation, dividends and profitability.

Institutional and Insider Ownership 74.1% of Scotts Miracle-Gro shares are owned by institutional investors. 24.4% of Scotts Miracle-Gro shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.

Dividends Scotts Miracle-Gro pays an annual dividend of $2.64 per share and has a dividend yield of 4.3%. FUCHS pays an annual dividend of $0.19 per share and has a dividend yield of 1.7%. Scotts Miracle-Gro pays out 229.6% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. FUCHS pays out 25.3% of its earnings in the form of a dividend.

Profitability This table compares Scotts Miracle-Gro and FUCHS’s net margins, return on equity and return on assets. Net Margins Return on Equity Return on Assets Scotts Miracle-Gro 2.19% -81.90% 8.97% FUCHS 9.04% 17.80% 12.90% Volatility & Risk Scotts Miracle-Gro has a beta of 1.82, meaning that its share price is 82% more volatile than the S&P 500. Comparatively, FUCHS has a beta of 0.92, meaning that its share price is 8% less volatile than the S&P 500.

Valuation and Earnings This table compares Scotts Miracle-Gro and FUCHS”s top-line revenue, earnings per share and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Scotts Miracle-Gro $3.41 billion 1.05 $145.20 million $1.15 53.37 FUCHS $4.03 billion 1.49 $346.21 million $0.75 15.32 FUCHS has higher revenue and earnings than Scotts Miracle-Gro. FUCHS is trading at a lower price-to-earnings ratio than Scotts Miracle-Gro, indicating that it is currently the more affordable of the two stocks.

Analyst Ratings This is a breakdown of recent ratings for Scotts Miracle-Gro and FUCHS, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Scotts Miracle-Gro 0 4 3 0 2.43 FUCHS 1 1 2 1 2.60 Scotts Miracle-Gro presently has a consensus price target of $75.40, suggesting a potential upside of 22.84%. Given Scotts Miracle-Gro’s higher possible upside, analysts clearly believe Scotts Miracle-Gro is more favorable than FUCHS.

Summary FUCHS beats Scotts Miracle-Gro on 9 of the 17 factors compared between the two stocks.

(Get Free Report)

The Scotts Miracle-Gro Company, together with its subsidiaries, manufactures, markets, and sells products for lawn, garden care, and indoor and hydroponic gardening in the United States and internationally. It operates through three segments: U.S. Consumer, Hawthorne, and Other. The company provides lawn care products, comprising lawn fertilizers, grass seed products, spreaders, and other durable products, as well as lawn-related weed, pest, and disease control products; and gardening and landscape products, which include water-soluble and continuous-release plant foods, potting mixes, garden soils, mulches and ground cover products, plant-related pest and disease control products, organic garden products, and live goods and seeding solutions. It offers hydroponic products that help users to grow plants, flowers, and vegetables using little or no soil; lighting systems and components for use in hydroponic and indoor gardening applications; insect, rodent, and weed control products for home areas; and non-selective weed killer products. The company sells its products under the Scotts, Turf Builder, EZ Seed, PatchMaster, Thick'R Lawn, GrubEx, EdgeGuard, Handy Green II, Miracle-Gro, LiquaFeed, Shake N Feed, Hyponex, Earthgro, Nature Scapes, Ortho, Miracle-Gro Performance Organics, Miracle-Gro Organic Choice, Whitney Farms, EcoScraps, Mother Earth, Botanicare, General Hydroponics, Cyco, Gavita, Agrolux, HydroLogic Purification System, Gro Pro, AeroGarden, Titan, Tomcat, Ortho Weed B Gon, Roundup, Groundclear, and Alchemist brands. It serves home centers, mass merchandisers, warehouse clubs, large hardware chains, independent hardware stores, nurseries, garden centers, e-commerce platforms, and food and drug stores, as well as indoor gardening and hydroponic distributors, retailers, and growers. The Scotts Miracle-Gro Company was founded in 1868 and is headquartered in Marysville, Ohio.

About FUCHS (Get Free Report)

Fuchs SE develops, produces, and sells lubricants and related specialties in Europe, the Middle East, Africa, the Asia Pacific, and North and South America. The company offers automotive lubricants, such as biodegradable lubricants, central and mobile hydraulic oils, dry coatings, engine and gear oils, motorcycle/two wheelers, and service fluids, as well as various oils for agriculture sector. It also provides industrial lubricants, including chain lubricants, dry coatings, gear and hydraulic oils, machine oils, open gear lubricants, rapidly biodegradable lubricants, compressor and refrigeration oils, release agents, slideways oils, fluids and industrial oils, textile machine oils, and turbine oils. In addition, the company offers lubricating greases comprising assembly pastes, biodegradable greases, food grade greases, multi-purpose/long-life greases, pastes for extreme temperatures, perfluorinated pastes, and wheel bearing greases, as well as gear boxes, and greases for central lubricating system, extreme temperature, machine tools, plain and roller bearings, rail vehicles, spray cans or rattle cans, and solid lubricants. Further, it provides metal processing lubricants consisting of cleaners, corrosion preventives, cutting and grinding, forming lubricants, and quenching oils; and special application lubricants for application equipment, chain lubrication, dry coatings, food and beverage, gears, sugar processing, railway traffic, plain and roller bearings, glass manufacturing process, hot forming, maintenance, open gears, pastes, release agents, other specialties, special greases, and wind power plants. Additionally, the company offers open gear and surface coating services. The company was formerly known as Fuchs Petrolub SE and changed its name to Fuchs SE in July 2023. Fuchs SE was founded in 1931 and is headquartered in Mannheim, Germany.

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It has been about a month since the last earnings report for Scotts Miracle-Gro (SMG - Free Report) . Shares have lost about 11.3% in that time frame, underperforming the S&P 500.

Will the recent negative trend continue leading up to its next earnings release, or is Scotts due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.

Scotts Miracle-Gro’s Q3 Earnings Beat on Bonnie Plants JV Strength, Revenues MissScotts Miracle-Gro reported third-quarter fiscal 2026 (ended June 27, 2026) adjusted earnings of $2.82 per share, up 7.6% year over year. The figure beat the Zacks Consensus Estimate of $2.53 by 11.5%, aided by stronger results from the Bonnie Plants joint venture and a lower tax rate. 

Net sales rose 1.1% year over year to $1.172 billion but marginally missed the consensus estimate of $1.174 billion by 0.2%. Adjusted gross margin contracted 100 basis points to 31.3% as higher freight and commodity costs tied to the Iran conflict weighed on profitability. 

Segment DetailsU.S. Consumer sales were $1.03 billion, essentially flat compared with the year-ago quarter. It missed our estimate of $1.04 billion. Segment profit declined 2% to $229.8 million from $235.2 million, reflecting pressure from higher freight and commodity costs. 

Sales in the Other segment, which primarily includes the company’s Canadian consumer lawn-and-garden business, increased 8% to $139.2 million from $129.1 million. The figure beat our estimate of $131.5 million. Segment profit advanced 10% to $18.6 million. 

FinancialsCash and cash equivalents were $27.7 million as of June 27, 2026. Long-term debt declined to $1.84 billion from $2.14 billion a year ago. 

Outlook Scotts Miracle-Gro raised its fiscal 2026 adjusted earnings guidance from continuing operations to $4.30-$4.45 per share from the previous range of $4.15-$4.35. Management linked the increase to disciplined execution, margin management, balance-sheet progress and strategic investments in the company’s brands and operations. 

The company reaffirmed its expectation for low-single-digit growth in U.S. Consumer sales. It also maintained its forecast for an adjusted gross margin of at least 32% and mid-single-digit growth in adjusted EBITDA. 

Management continues to expect free cash flow of $275 million, which is projected to reduce the leverage ratio to the high-3-times range. Supply-chain automation, expanded use of artificial intelligence, manufacturing capital expenditures and purchasing efficiencies are expected to support year-over-year margin expansion despite recent cost pressures. 

How Have Estimates Been Moving Since Then?Since the earnings release, investors have witnessed a downward trend in estimates revision.

The consensus estimate has shifted -11.56% due to these changes.

VGM ScoresAt this time, Scotts has a average Growth Score of C, though it is lagging a bit on the Momentum Score front with a D. However, the stock has a grade of B on the value side, putting it in the top 40% for this investment strategy.

Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Interestingly, Scotts has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

, /PRNewswire/ -- Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC ("KSF"), announces that KSF continues its investigation into The Scotts Miracle-Gro Company (NYSE: SMG) ("Scotts" or the "Company").

On August 2, 2023, the Company disclosed disappointing financial results including a decline in quarterly sales for fiscal third quarter of 6%, a decline in gross margin by 420 basis points, as well as a cut to fiscal year EBITDA guidance by a staggering 25% and a $20 million write down of "pandemic driven excess inventories."  On this news, the price of Scotts' shares fell by $13.58 per share, or 19%, from a closing price of $71.44 per share on August 1, 2023, to a closing price of $57.86 per share on August 2, 2023.

Thereafter, the Company and certain of its executives were sued in a securities class action lawsuit, charging them with failing to disclose material information, in violation of federal securities laws.  Recently, the court presiding over the case denied the Company's motion to dismiss in part, allowing the case to move forward. 

KSF's investigation is focusing on whether Scotts' officers and/or directors breached their fiduciary duties to its shareholders or otherwise violated state or federal laws. 

If you have information that would assist KSF in its investigation, or have been a long-term holder of Scotts shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at 1-833-538-3608 or email KSF Managing Partner Lewis Kahn ([email protected]), or visit https://www.ksfcounsel.com/cases/nyse-smg/ to learn more.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, and a representative office in Luxembourg.

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To learn more about KSF, you may visit www.ksfcounsel.com.

Contact:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
[email protected]
1-833-538-3608
1100 Poydras St., Suite 960
New Orleans, LA 70163

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SOURCE Kahn Swick & Foti, LLC

NOTE: This release corrects earlier language that indicated the storytelling initiative will be the largest collection of oral and visual histories. It will be the largest collection of oral and visual histories related to the Semiquincentennial.

NEW YORK & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF continues its investigation into The Scotts Miracle-Gro Company (NYSE: SMG) (“Scotts” or the “Company”). On August 2, 2023, the Company disclosed disappointing financial results including a decline in quarterly sales for fiscal third quarter of 6%, a decline in gross margin by 420 basis points, as well as a.

The Best Ancillary Marijuana Stocks to Add to Your Watchlist The cannabis industry continues to evolve, creating opportunities beyond companies that cultivate and sell marijuana. Ancillary cannabis businesses support the industry without directly handling the plant. Instead, they provide products, services, equipment, and technology that cannabis operators rely on every day. As a result, these companies can benefit from industry growth while avoiding many regulatory challenges faced by licensed cannabis producers.

Additionally, ancillary businesses often have more diversified revenue streams. Many serve both cannabis cultivators and traditional agriculture markets. Consequently, they are not entirely dependent on cannabis sales for their success. This diversification can help reduce risk during periods of slower industry growth. Furthermore, these businesses generate recurring demand through cultivation supplies, hydroponic systems, lighting, nutrients, and environmental controls.

Another advantage is that ancillary companies can operate across state lines more easily than plant-touching operators. Since they do not sell cannabis directly, they face fewer restrictions under federal law. Therefore, many have expanded nationwide while building recognizable brands and loyal customer bases. Moreover, they remain positioned to benefit if additional states legalize medical or recreational cannabis.

Although the cannabis sector has experienced volatility, long-term growth expectations remain encouraging. More states continue expanding legal cannabis markets, while consumer demand remains resilient. Consequently, cultivation facilities continue requiring equipment and supplies to maintain production. Companies providing those products could benefit as cultivation activity improves.

For investors, ancillary cannabis stocks offer another way to gain exposure to the expanding marijuana market. Instead of relying on wholesale cannabis pricing, these companies supply the infrastructure supporting the industry. That business model can create more stable revenue over time. As August 2026 begins, GrowGeneration, Hydrofarm Holdings, and Scotts Miracle-Gro remain three ancillary cannabis stocks worth watching. Each company offers unique strengths and long-term opportunities as the cannabis industry continues maturing.

[Read More] 3 Top Canadian Marijuana Stock Picks To Add Value To Your Portfolio

3 Ancillary Marijuana Stocks With Growth Potential in August 2026 GrowGeneration Corp. (NASDAQ: GRWG) Hydrofarm Holdings Group, Inc. (NASDAQ: HYFM) The Scotts Miracle-Gro Company (NYSE: SMG) GrowGeneration Corp. (NASDAQ: GRWG) GrowGeneration Corp. is one of the largest specialty hydroponic retailers in the United States. The company focuses on cultivation supplies instead of growing cannabis directly. Therefore, it benefits from the industry’s expansion without handling the plant itself. GrowGeneration serves commercial cultivators and home growers through retail stores and online sales. Additionally, the company offers lighting, nutrients, environmental controls, and growing media. Its largest presence is in California, where cannabis cultivation remains extensive. The company also operates stores across several other legal cannabis markets.

Currently, GrowGeneration has approximately 30 retail garden centers throughout the United States. Furthermore, its commercial sales division supports large cultivation facilities nationwide. Management has continued streamlining operations while improving customer service. The company also continues investing in proprietary brands with stronger profit margins. As more states expand legal cannabis programs, cultivation demand could increase again. Consequently, GrowGeneration remains well positioned to benefit from future industry growth. Investors often view the company as a way to gain cannabis exposure without owning a plant-touching business. That unique business model continues attracting long-term interest despite industry challenges.

Latest Financials GrowGeneration recently reported financial results showing continued progress toward improving profitability. Revenue remained pressured by slower cultivation spending across the cannabis industry. However, management continued reducing operating expenses through cost-saving initiatives. Additionally, gross margins improved because of stronger proprietary product sales. The company also maintained a healthy cash position with no significant long-term debt concerns. Furthermore, inventory management remained disciplined during the latest quarter. Operating losses narrowed compared with previous reporting periods. Management also emphasized expanding higher-margin commercial products and private-label offerings. Those initiatives should support future earnings if cultivation demand improves.

Meanwhile, GrowGeneration continues focusing on operational efficiency instead of rapid expansion. Investors welcomed the company’s disciplined financial strategy during difficult industry conditions. Although revenue growth remains limited, profitability trends continue improving. Consequently, many investors remain optimistic about long-term recovery opportunities. A stronger cannabis market could eventually increase demand for hydroponic equipment. Therefore, GrowGeneration remains a closely watched ancillary cannabis company during August 2026.

[Read More] Top Marijuana Stock Picks For You To Add To Your Watchlist

Hydrofarm Holdings Group, Inc. (NASDAQ: HYFM) Hydrofarm Holdings Group supplies controlled environment agriculture equipment throughout North America. The company sells hydroponic products, nutrients, lighting systems, and climate control solutions. Unlike cannabis operators, Hydrofarm focuses on supplying growers rather than producing cannabis. Therefore, its business benefits from broader cultivation trends across multiple agricultural markets. The company’s largest customer base remains in California because of its significant cultivation activity. Additionally, Hydrofarm distributes products nationwide through wholesale channels and retail partners.

Unlike multi-state cannabis operators, Hydrofarm does not own dispensaries. Therefore, the company currently operates zero cannabis dispensaries in the United States. Instead, it reaches thousands of cultivation customers through distribution networks. Management continues emphasizing premium brands and operational improvements. Furthermore, Hydrofarm owns several proprietary product lines serving commercial cultivators. These brands strengthen customer loyalty while supporting better profit margins. As cannabis cultivation stabilizes, demand for growing equipment could improve. Consequently, Hydrofarm remains an important ancillary company within the expanding cannabis industry. Investors continue monitoring the business for signs of improving cultivation spending.

Latest Financials Hydrofarm recently reported quarterly financial results reflecting ongoing industry challenges. Revenue remained below previous years because cultivation investments stayed cautious. However, management continued reducing operating expenses across multiple business segments. Additionally, gross margins showed improvement through stronger pricing discipline and efficiency measures. The company also maintained adequate liquidity while carefully managing inventory levels. Furthermore, restructuring efforts continued supporting lower operating costs. Management remains focused on restoring profitability before pursuing significant expansion opportunities. Although sales remain pressured, expense reductions have improved financial flexibility.

The company also continues investing in proprietary products with stronger long-term margins. Those brands could support future revenue growth during an industry recovery. Investors continue watching for improving cultivation demand across North America. If spending increases, Hydrofarm could experience stronger equipment sales. Therefore, many analysts believe the company offers recovery potential despite current headwinds. While near-term challenges remain, financial discipline continues strengthening the business. Consequently, Hydrofarm deserves consideration among marijuana-related stocks during August 2026.

[Read More] 3 Top Marijuana Stocks For Investors To Know About Before The Next Run

The Scotts Miracle-Gro Company (NYSE: SMG) The Scotts Miracle-Gro Company is a leading lawn, garden, and hydroponic products manufacturer. The company serves consumers, commercial growers, and controlled environment agriculture markets. Additionally, its Hawthorne Gardening division focuses heavily on hydroponic cultivation products. That business supplies equipment used by many cannabis cultivators across the United States. Therefore, Scotts benefits indirectly from legal cannabis industry expansion. The company’s largest presence is nationwide through major retail chains and commercial distributors.

Scotts sells products across every major U.S. market with extensive brand recognition. However, the company does not operate cannabis dispensaries. Therefore, it currently has zero dispensaries in the United States. Instead, Hawthorne supports cultivation facilities with specialized growing equipment. Management continues refining operations while focusing on profitable business segments. Furthermore, Scotts maintains strong leadership across traditional lawn and garden categories. That diversified business model provides stability during cannabis industry downturns. Consequently, many investors appreciate Scotts for its balanced exposure to cannabis-related growth opportunities. The company’s established brands also strengthen its long-term competitive position.

Latest Financials Scotts Miracle-Gro recently reported financial results highlighting resilient performance despite mixed market conditions. Revenue reflected seasonal demand across its consumer lawn and garden business. Additionally, Hawthorne continued facing slower hydroponic equipment demand from cannabis cultivators. However, management remained focused on improving profitability and controlling operating expenses. Gross margins benefited from cost management initiatives and favorable product mix improvements. Furthermore, cash flow remained healthy because of disciplined financial management.

The company also continued reducing debt while strengthening its balance sheet. Management expects hydroponic demand to gradually recover as cultivation markets stabilize. Meanwhile, its consumer business continues generating consistent revenue and cash flow. That diversification supports overall financial stability during industry slowdowns. Investors continue monitoring Hawthorne because it provides direct exposure to cannabis cultivation infrastructure. If hydroponic demand rebounds, the division could contribute stronger future growth. Consequently, Scotts Miracle-Gro remains a leading ancillary cannabis stock to watch during August 2026. Its diversified operations provide stability alongside long-term cannabis industry potential.

MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | [email protected]

Key Takeaways Scotts Miracle-Gro's adjusted EPS rose 7.6% to $2.82, beating estimates by 11.5%.Higher freight and commodity costs cut adjusted gross margin by 100 basis points to 31.3%.Fiscal 2026 adjusted EPS guidance increased to $4.30-$4.45; free cash flow stayed at $275 million. The Scotts Miracle-Gro Company (SMG - Free Report) reported third-quarter fiscal 2026 (ended June 27, 2026) adjusted earnings of $2.82 per share, up 7.6% year over year. The figure beat the Zacks Consensus Estimate of $2.53 by 11.5%, aided by stronger results from the Bonnie Plants joint venture and a lower tax rate.

Net sales rose 1.1% year over year to $1.172 billion but marginally missed the consensus estimate of $1.174 billion by 0.2%. Adjusted gross margin contracted 100 basis points to 31.3% as higher freight and commodity costs tied to the Iran conflict weighed on profitability.

Segment DetailsU.S. Consumer sales were $1.03 billion, essentially flat compared with the year-ago quarter. It missed our estimate of $1.04 billion. Segment profit declined 2% to $229.8 million from $235.2 million, reflecting pressure from higher freight and commodity costs.

Hawthorne was classified as a discontinued operation after the company determined in the first quarter of fiscal 2026 that the business met the held-for-sale criteria. ScottsMiracle-Gro completed the divestiture of Hawthorne on April 8, 2026. Hawthorne was removed from reportable segment results, and prior-period continuing operations were reclassified.

Sales in the Other segment, which primarily includes the company’s Canadian consumer lawn-and-garden business, increased 8% to $139.2 million from $129.1 million. The figure beat our estimate of $131.5 million. Segment profit advanced 10% to $18.6 million.

FinancialsCash and cash equivalents were $27.7 million as of June 27, 2026. Long-term debt declined to $1.84 billion from $2.14 billion a year ago.

OutlookScotts Miracle-Gro raised its fiscal 2026 adjusted earnings guidance from continuing operations to $4.30-$4.45 per share from the previous range of $4.15-$4.35. Management linked the increase to disciplined execution, margin management, balance-sheet progress and strategic investments in the company’s brands and operations.

The company reaffirmed its expectation for low-single-digit growth in U.S. Consumer sales. It also maintained its forecast for an adjusted gross margin of at least 32% and mid-single-digit growth in adjusted EBITDA.

Management continues to expect free cash flow of $275 million, which is projected to reduce the leverage ratio to the high-3-times range. Supply-chain automation, expanded use of artificial intelligence, manufacturing capital expenditures and purchasing efficiencies are expected to support year-over-year margin expansion despite recent cost pressures.

SMG’s Price PerformanceSMG’s shares have gained 11.1% in the past year compared with a 5.3% rise in the industry. 

Image Source: Zacks Investment Research

SMG’s Zacks Rank & Key PicksSMG currently carries a Zacks Rank #3 (Hold).

Some better-ranked stocks in the basic materials space are Neo Performance Materials Inc. (NOPMF - Free Report) , Kronos Worldwide, Inc. (KRO - Free Report) and Avient Corporation (AVNT - Free Report) .

Neo Performance is slated to report second-quarter 2026 results on Aug. 11. The Zacks Consensus Estimate for earnings is pegged at $1.48 per share. NOPMF sports a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here. 

Kronos is scheduled to report second-quarter 2026 results on Aug. 5. The Zacks Consensus Estimate for KRO’s second-quarter loss per share is pegged at 33 cents, indicating 65.63% year-over-year growth. KRO also flaunts a Zacks Rank #2 (Buy) at present.

Avient is slated to report second-quarter 2026 results on Aug. 6. The consensus estimate for AVNT’s earnings per share is pegged at $3.08. AVNT presently carries a Zacks Rank #2.

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Trump said Scotts Miracle-Gro does "great grass." Chip Somodevilla/Getty Images President Donald Trump promoted yet another product this week: "great grass" from the company he said replaced the White House lawn free of charge.

Speaking to reporters in the Oval Office on Monday, Trump praised Scotts Miracle-Gro, a public company based in Ohio that sells lawn and garden products.

Trump said the company would soon be replacing the grass in 700 acres of parks around Washington, DC, with "the best grass you can get."

"They do great grass. What can I tell you? I gotta give them a plug because they did the White House for free," Trump told reporters.

The president said he accepted the offer for Scotts Miracle-Gro to do the White House lawn after a "friend" reached out.

"I said, 'I'll take it. How much?' He said, 'Free,'" Trump said, adding he responded, "I'll take it."

Scotts Miracle-Gro announced in June that it was contributing $1 million to the National Park Service to help restore the White House South Lawn following the UFC fight held for America 250 on June 14, Trump's 80th birthday.

Monday's comments are the latest example of Trump endorsing a company that has done something he wants — a trend that has alarmed ethics watchdogs and experts.

"Favors don't stay favors. Sooner or later, they turn into invoices," said Davina Hurt, director of government ethics at the Markkula Center for Applied Ethics at Santa Clara University. "The only question is whether the public gets to see them."

Scotts Miracle-Gro donated money and expertise to restore the South Lawn of the White House after the UFC 250 event.  Kent Nishimura / AFP via Getty Images Scotts Miracle-Gro, which donated $500,000 to a pro-Trump PAC in 2024, and the White House did not respond to requests for comment.

Last year, Trump appeared alongside Teslas at the White House and said he planned to buy one to support Elon Musk, then a close ally working at DOGE. This year, Trump has encouraged the public to buy a Dell computer, including after Michael Dell announced he would fund Trump Accounts for children. Trump also praised Walmart for lowering prices on some products — an initiative he claimed was at the White House request, though the retailer did not confirm that.

Richard Painter, who was the chief ethics lawyer under President George W. Bush, said that while presidents should not be endorsing any private companies, Monday's grass promotion was not surprising.

"In the Bush administration, it would've been a categorical, 'No way. We're not doing that,'" he told Business Insider. "'You don't get to do the White House lawn for free and have us promote your company.'"

Painter said the practice of avoiding endorsing private companies was very strictly enforced under Bush and President Barack Obama, but that the first Trump administration "changed everything."

"We've gone so far in this direction of normalizing this kind of" behavior, Painter said.

Hurt said one problem with Trump's actions is that it can give the appearance that a contractor wasn't chosen on merit, which should be the case to ensure maximum benefit for the American people.

Documentation of a competitive bidding process for government contracts is the "gold standard," she said, adding that its absence can erode public trust in the idea that the government "works for the people and not based on friends or favors."

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Kelsey Vlamis You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.

Kelsey is a senior reporter for Business Insider, where she covers business and tech news as well as stories about travel, luxury, and consulting.Her feature story "Disaster at 18,200 feet" received awards from the New York Press Club and the North American Travel Journalists Association, as well as honorable mention from the Society of American Travel Writers. It was also included on Longreads' and Pocket's best of 2022 lists. She has also received an American Journalism Online Award for her coverage on missing and murdered Indigenous people in Wyoming.She's appeared on CBS, NPR, NBC, and other outlets to discuss her work. She previously worked on the world news desk at the BBC in London and received a master's in journalism from Northwestern University.She can be reached by email at [email protected] or via the encrypted-messaging app Signal @kelseyv.21.Popular storiesDisaster on Denali: Inside a 1,000-foot fall on America's highest peakThrifting is more popular than ever. It's also never been worse.Rolex wouldn't service the vintage watch my mom inherited. Watchmakers say it happens all the time.A tiny, invasive bug and the climate crisis are changing how guitars are made, and shifting the course of music historyThe tourism free-for-all is overGovernment-run boarding schools were founded to 'civilize' Native Americans. Hundreds of dead children remain buried in the schoolyard graves.Meet the Texas minister who helps fly dozens of women to New Mexico every month to get abortionsPeople are flocking to Colorado for the great outdoors, but the air pollution is so bad, it's forcing many to stay insideInside Kabul: An aid worker reveals the devastating chaos that erupted during the US exit from Afghanistan

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Why Analysts Still Predict Double-Digit Upside for Mosaic StockScotts Miracle-Gro NYSE: SMG reported third-quarter fiscal 2026 net sales of $1.17 billion, up 1% from a year earlier, while reaffirming its full-year outlook and raising its adjusted earnings-per-share guidance. The company said its results reflected growth in branded products, e-commerce expansion and supply-chain savings, partly offset by higher freight and commodity costs.

President and CEO Nate Baxter, who recently assumed the chief executive role, said the leadership transition has been smooth and that the company is progressing on its multiyear “SMG 2.0” strategy. The plan focuses on product innovation, SKU rationalization, digital and e-commerce expansion, consumer engagement, and operational efficiencies through technology, automation and artificial intelligence.

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ScottsMiracle-Gro Stock Blooms After Investor Day Optimism “Our immediate focus is on quality earnings growth and margin expansion,” Baxter said. While Scotts Miracle-Gro continues to target a $1 billion increase in net sales and $1 billion in EBITDA, he said achieving those long-term objectives consistently could push their timing beyond 2030.

Sales Growth Led by Branded Products and E-Commerce For the first nine months of fiscal 2026, total company net sales rose 2% to $2.99 billion. U.S. consumer segment sales also increased 2% to $2.74 billion, a result CFO and Chief Accounting Officer Mark Scheiwer said was consistent with the company’s full-year expectation for low-single-digit sales growth in that business.

CF Industries stock leaves competitors in the dustBranded product sales increased 4.5% year to date, helping offset expected declines in non-branded sales, including commodity mulch. Scotts Miracle-Gro deliberately exited about $100 million in low-margin commodity mulch and soil sales as part of its shift toward higher-margin branded products, Baxter said.

The company cited particular strength in Ortho control products, with sales up 15% year to date; Scotts grass seed, up 11%; and soils, up 7%. Innovation introduced during fiscal 2026 contributed $75 million in gross sales before accounting for volume trade-offs with existing products, according to Baxter. Product launches included additions to Miracle-Gro Organics, modernization of the core Miracle-Gro portfolio, Scotts Kentucky 31 Grass Seed Mix, Scotts Turf Builder Lawn Food, and Ortho Home Defense Mosquito Kill and Prevent.

Scotts Miracle-Gro said innovation launched over the past three years generated $278 million in year-to-date gross sales through June, before overlap with existing SKUs. The company is also working toward removing roughly 30% of its lowest-performing SKUs by the end of fiscal 2027 and said it is about two-thirds of the way to that target.

E-commerce point-of-sale dollars rose 27% year to date across every category and customer. E-commerce now accounts for 13% of total POS dollars, up 300 basis points from the prior year, according to Baxter. The company has also expanded distribution and activation programs with club, hardware, and rural farm-and-fleet retailers, where some retailers recorded double-digit POS growth.

Margins, Costs and Inventory Year-to-date GAAP gross margin increased 130 basis points to 35.7%. On a non-GAAP basis, gross margin was 35.8%, compared with 34.7% in the prior-year period. Scheiwer attributed the improvement to favorable product mix, supply-chain savings and pricing actions.

Third-quarter gross margin, however, declined as higher freight and commodity costs weighed on results. Quarterly GAAP gross margin was 31.2%, compared with 32.1% a year earlier, while non-GAAP gross margin was 31.3%, compared with 32.3%.

Scotts Miracle-Gro expects a $15 million increase in commodity costs above its initial full-year plan, with most of that impact recognized in the third quarter. Scheiwer said nearly all of the company’s remaining fiscal 2026 cost of goods is locked, and it does not expect further commodity impacts during the remainder of the fiscal year.

For fiscal 2027, management said it expects to pursue pricing actions, cost-reduction initiatives, innovation and continued product-mix improvements to support gross-margin expansion. Baxter said retailer conversations on pricing are ongoing, while Scheiwer said the company expects margin expansion next year and beyond.

Retailer inventories were up high-single-digit percentages from the prior year following soft POS in early May due to weather conditions. Memorial Day weekend and June sales strengthened, with Baxter describing June as one of the company’s best on record. Still, management expects lower fourth-quarter purchasing activity as retailers work to reduce inventories, which could place U.S. consumer sales growth toward the lower end of its guidance range.

Profit, Debt Reduction and Updated EPS Outlook Third-quarter adjusted EBITDA was $246.3 million, down from $253.5 million a year ago, primarily due to higher freight and commodity costs. Year-to-date adjusted EBITDA increased 5%, or $31 million, to $686.6 million.

GAAP net income from continuing operations for the quarter was $103.6 million, or $1.75 per share, compared with $154.7 million, or $2.64 per share, in the prior-year quarter. The result included $64 million of impairment, restructuring and other non-recurring items, primarily executive severance charges and non-cash impairments of non-core passive investments.

Excluding those items, third-quarter adjusted net income from continuing operations was $166.9 million, or $2.82 per share, compared with $153.4 million, or $2.62 per share, a year earlier. For the first nine months, adjusted net income was $390.2 million, or $6.60 per share, compared with $336.9 million, or $5.75 per share, in the prior-year period.

The company raised its fiscal 2026 adjusted EPS guidance from continuing operations to a range of $4.30 to $4.45, from its prior range of $4.15 to $4.35.

Interest expense fell to $28 million in the quarter from $31.8 million a year earlier, reflecting lower debt balances and interest rates. Leverage improved to 3.78 times at the end of the third quarter, compared with 4.15 times a year earlier. Baxter said management is aligned on reducing the leverage ratio below 3.5 times.

Management said it will provide more details on its capital-allocation strategy, long-term financial model and share-repurchase approach at its Investor Day. Scheiwer said the company intends to maintain a balanced allocation strategy that includes dividends, reinvestment in advertising, research and development, capital expenditures, debt reduction and a measured start to its authorized share-repurchase program.

About Scotts Miracle-Gro (NYSE:SMG)Scotts Miracle-Gro Company is a leading developer, manufacturer and distributor of consumer lawn and garden products. The firm serves both retail and professional customers through an array of branded offerings that include lawn fertilizers, grass seed, pest and disease control solutions, plant foods and specialty products for indoor and outdoor gardening. Its portfolio spans well-known names such as Scotts®, Miracle-Gro®, Ortho® and various hydroponic and specialty garden brands.

Headquartered in Marysville, Ohio, the company traces its roots to O.M.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

Should You Invest $1,000 in Scotts Miracle-Gro Right Now?Before you consider Scotts Miracle-Gro, you'll want to hear this.

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For the quarter ended June 2026, Scotts Miracle-Gro (SMG - Free Report) reported revenue of $1.17 billion, down 1.3% over the same period last year. EPS came in at $2.82, compared to $2.59 in the year-ago quarter.

The reported revenue represents a surprise of -0.17% over the Zacks Consensus Estimate of $1.17 billion. With the consensus EPS estimate being $2.53, the EPS surprise was +11.46%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

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: $139.2 million compared to the $130.45 million average estimate based on four analysts. The reported number represents a change of +10% year over year.Net Sales- U.S.Consumer reportable segment: $1.03 billion compared to the $1.05 billion average estimate based on four analysts. The reported number represents a change of +0.3% year over year.Segment Profit (Loss) (Non-GAAP)- U.S. Consumer reportable segment: $229.8 million compared to the $166.8 million average estimate based on two analysts.Segment Profit (Loss) (Non-GAAP)- Corporate: $-29.9 million versus $-41.55 million estimated by two analysts on average.Segment Profit (Loss) (Non-GAAP)- Other: $18.6 million compared to the $6.04 million average estimate based on two analysts.View all Key Company Metrics for Scotts here>>>

Shares of Scotts have returned +7.3% over the past month versus the Zacks S&P 500 composite's +1.9% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

The Scotts Miracle-Gro Company (SMG) Q3 2026 Earnings Call Transcript

July 28, 2026 16:05 ET  | Source: Scotts Miracle-Gro Company (The)

MARYSVILLE, Ohio, July 28, 2026 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE: SMG), the leading marketer of branded consumer lawn and garden products in North America, announced that its Board of Directors has approved the payment of a cash dividend of $0.66 per share. The dividend is payable on Friday, September 4, 2026, to shareholders of record as of Friday, August 21, 2026.

About ScottsMiracle-Gro
With approximately $3.3 billion in sales, the Company is the leading marketer of branded consumer lawn and garden products in North America. The Company’s brands are among the most recognized in the industry. The Company’s Scotts®, Miracle-Gro®, Ortho® and Tomcat® brands are market-leading in their categories. For additional information, visit us at www.scottsmiraclegro.com.

For investor inquiries:
Brad Chelton
Vice President
Treasury, Tax and Investor Relations
[email protected]
(937) 309-2503

For media inquiries:
Tom Matthews
Chief Communications Officer
[email protected]
(937) 844-3864

July 20, 2026 16:05 ET  | Source: Scotts Miracle-Gro Company (The)

MARYSVILLE, Ohio, July 20, 2026 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE: SMG), the leading marketer of branded consumer lawn and garden products in North America, will release its third quarter financial results on Wednesday, July 29, 2026, prior to the opening of the U.S. financial markets. The Company will host a video presentation via webcast at 8:15 a.m. ET to discuss those results. The webcast will be followed by an audio question-and-answer session.

To watch the Company presentation and listen to the question-and-answer session, please register in advance at this webcast link. For those planning to participate in the question-and-answer session that follows the video presentation, please register for the webcast to view the presentation in addition to registering in advance via this audio link to receive call-in details and a unique PIN. The replay of the conference call will also be available on the Company’s investor website, where an archive of the press release and any accompanying information will remain available for at least a 12-month period.

About ScottsMiracle-Gro
With approximately $3.3 billion in sales, the Company is the leading marketer of branded consumer lawn and garden products in North America.  The Company’s brands are among the most recognized in the industry. The Company’s Scotts®, Miracle-Gro®, Ortho® and Tomcat® brands are market-leading in their categories. For additional information, visit us at www.scottsmiraclegro.com.

For investor inquiries:
Brad Chelton
Vice President
Treasury, Tax and Investor Relations
[email protected]
(937) 309-2503

For media inquiries:
Tom Matthews
Chief Communications Officer
[email protected]
(937) 844-3864

Shareholders are urged to contact the firm immediately at no cost or obligation, as there may be limited time to enforce your rights. 

We would handle the matter on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses.

, /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating whether certain officers and directors of The Scotts Miracle-Gro Company (NYSE: SMG) breached their fiduciary duties to shareholders.

If you currently own Scotts Miracle-Gro stock and are a long-term shareholder, you may be able to seek corporate governance reforms, the return of funds back to the company, a court-approved financial incentive award, or other relief and benefits. Please click here to learn more about your legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or [email protected] or [email protected].

Why Your Participation Matters:

Shareholder involvement can help improve a company's policies, practices, and oversight mechanisms to create a more transparent, accountable, and effectively managed organization, which can enhance shareholder value.

Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:
Halper Sadeh LLC
One World Trade Center
85th Floor
New York, NY 10007
Daniel Sadeh, Esq.
Zachary Halper, Esq.
(212) 763-0060
[email protected]
[email protected]
https://www.halpersadeh.com

SOURCE Halper Sadeh LLP

Top 3 Marijuana Stocks to Watch in July 2026 The cannabis industry continues to evolve in 2026. However, ancillary marijuana companies remain attractive because they support the industry without directly touching the plant. These businesses provide cultivation equipment, hydroponic supplies, greenhouse technology, and lawn care products. As a result, they can benefit from long-term cannabis expansion while reducing regulatory risk.

Three ancillary cannabis stocks stand out for July 2026. GrowGeneration (NASDAQ: GRWG), Hydrofarm Holdings Group (NASDAQ: HYFM), and Scotts Miracle-Gro (NYSE: SMG) each serve different parts of the cultivation market. Furthermore, all three continue adapting to changing industry conditions while positioning themselves for future growth. Here is a closer look at each company.

[Read More] Looking for Cannabis Growth? Watch These 3 Marijuana Stocks in July 2026

Top Ancillary Cannabis Stocks to Watch as the Industry Expands GrowGeneration (NASDAQ: GRWG) Hydrofarm Holdings Group (NASDAQ: HYFM) Scotts Miracle-Gro (NYSE: SMG) GrowGeneration (NASDAQ: GRWG) GrowGeneration remains one of the largest specialty hydroponic and cultivation suppliers in the United States. The company serves both commercial cultivators and home growers. It sells lighting systems, nutrients, irrigation equipment, environmental controls, and growing media. Additionally, GrowGeneration continues expanding its proprietary product portfolio. That strategy helps improve margins while building stronger customer loyalty.

The company currently operates 19 retail garden centers across nine states. Its strongest presence remains in major cannabis markets, including California, Colorado, Michigan, Oklahoma, Nevada, and Arizona. Besides its retail stores, GrowGeneration also serves commercial operators through its wholesale business and online platforms. This combination gives the company exposure to both large cultivators and smaller independent growers. Furthermore, management continues optimizing its store footprint while focusing on higher-margin commercial sales. As more cultivation projects begin across legalized markets, GrowGeneration remains well-positioned to supply the industry’s infrastructure needs. Therefore, many investors continue watching GRWG as one of the leading ancillary cannabis companies.

Financial results have begun to show meaningful improvement in 2026. First-quarter revenue reached approximately $38.4 million. That represented year-over-year growth of 7.5%. Meanwhile, proprietary brand sales increased to 37% of cultivation revenue. Gross margin remained above 25% despite continued store optimization efforts. Additionally, operating expenses declined significantly because management continued to reduce costs. Net loss also narrowed compared to the previous year. Adjusted EBITDA improved substantially as profitability moved closer toward breakeven. Perhaps most importantly, GrowGeneration finished the quarter with more than $41 million in cash and no debt. Management also reaffirmed full-year revenue guidance between $162 million and $168 million. Consequently, investors remain encouraged by improving operations and strengthening financial flexibility.

[Read More] 3 Marijuana Stocks To Watch That Are Ready To Make Big Moves In The Market

Hydrofarm Holdings Group (NASDAQ: HYFM) Hydrofarm Holdings is another major supplier serving the controlled-environment agriculture and cannabis cultivation sectors. The company distributes hydroponic equipment, nutrients, grow lights, ventilation systems, growing media, and climate control products. Unlike traditional retailers, Hydrofarm focuses heavily on supplying commercial cultivators through an extensive distribution network. This approach allows the company to reach growers across many legal cannabis states.

Hydrofarm serves customers throughout the United States and Canada using multiple distribution centers. Although it does not operate cannabis dispensaries, it plays an essential role in supporting licensed cultivation facilities. Its products are widely used by commercial cannabis producers as well as greenhouse operators growing vegetables and specialty crops. Furthermore, Hydrofarm owns several proprietary brands that strengthen customer relationships while improving profitability. Management continues to emphasize operational efficiency after several difficult years in the industry. Therefore, the company remains well-positioned to benefit as cannabis cultivation accelerates. Investors continue monitoring HYFM because ancillary suppliers often recover alongside improving cultivation demand.

Hydrofarm continues focusing on improving profitability through disciplined expense management. Revenue remains under pressure due to slower cultivation spending across parts of the cannabis market. Nevertheless, management has reduced operating costs and improved inventory efficiency. Gross margins have stabilized as higher-margin proprietary brands account for a larger share of total sales. Additionally, the company continues to reduce debt while strengthening its balance sheet. Cash preservation also remains a top priority during the current market cycle. Investors continue to watch quarterly revenue trends for signs of renewed investment in commercial cultivation. If cannabis licensing activity increases again, Hydrofarm could experience stronger demand for its equipment portfolio. Therefore, HYFM remains a closely followed turnaround candidate within the ancillary cannabis sector.

[Read More] Leading Canadian Marijuana Stocks Showing Momentum in 2026

Scotts Miracle-Gro (NYSE: SMG) Scotts Miracle-Gro represents one of the most established names connected to cannabis cultivation. Although the company remains best known for consumer lawn and garden products, its Hawthorne Gardening subsidiary focuses directly on hydroponics and controlled environment agriculture. Hawthorne supplies lighting, nutrients, growing systems, and cultivation equipment used by many commercial cannabis operators.

Scotts enjoys nationwide distribution throughout the United States. Its traditional consumer business reaches thousands of retail locations, including major home improvement stores and garden centers. Meanwhile, Hawthorne serves commercial cannabis cultivators across nearly every legal cannabis market. Unlike smaller ancillary companies, Scotts benefits from diversified revenue streams outside cannabis. That diversification provides additional financial stability during slower cannabis industry periods. Furthermore, management continues investing in innovation while streamlining Hawthorne’s operations. As cannabis cultivation expands over time, Scotts remains positioned to participate through its established infrastructure and respected brands. Consequently, many long-term investors continue viewing SMG as a lower-risk cannabis exposure opportunity.

Recent financial performance reflects improving conditions after several challenging years. Scotts has benefited from stronger consumer demand for lawn and garden products while continuing its restructuring efforts within Hawthorne. Management remains focused on cost reductions and improving cash generation. Additionally, the company has worked to reduce debt and strengthen overall financial flexibility. Hawthorne’s performance continues to depend largely upon commercial cannabis cultivation spending. However, management believes industry conditions should gradually improve over time. Scotts also continues generating substantial cash flow from its core consumer business. That dependable revenue supports ongoing investments and provides stability during periods of cannabis market weakness. Therefore, many investors continue to view SMG as one of the strongest ancillary marijuana stocks to watch in July 2026.

MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | [email protected]

MARYSVILLE, Ohio, June 18, 2026 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE: SMG), the leading marketer of branded consumer lawn and garden products in North America, today announced that Nick Miaritis has been named executive vice president and chief brand officer, a new position overseeing the Company's brands and leading all its marketing strategies and initiatives. The appointment represents a strategic pivot in the Company's SMG 2.0 transformation into a premier outdoor lifestyle brand.

April 22, 2026 16:00 ET  | Source: Scotts Miracle-Gro Company (The)

MARYSVILLE, Ohio, April 22, 2026 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE: SMG), the leading marketer of branded consumer lawn and garden products in North America, will release its second quarter financial results on Wednesday, April 29, 2026, prior to the opening of the U.S. financial markets. The Company will host a video presentation via webcast at 8:15 a.m. ET to discuss those results. The webcast will be followed by an audio question-and-answer session.

To watch the Company presentation and listen to the question-and-answer session, please register in advance at this webcast link. For those planning to participate in the question-and-answer session that follows the video presentation, please register for the webcast to view the presentation in addition to registering in advance via this audio link to receive call-in details and a unique PIN. The replay of the conference call will also be available on the Company’s investor website, where an archive of the press release and any accompanying information will remain available for at least a 12-month period.

About ScottsMiracle-Gro
With approximately $3.4 billion in sales, the Company is the leading marketer of branded consumer lawn and garden products in North America.  The Company’s brands are among the most recognized in the industry. The Company’s Scotts®, Miracle-Gro®, Ortho® and Tomcat® brands are market-leading in their categories. For additional information, visit us at www.scottsmiraclegro.com.

For investor inquiries:
Brad Chelton
Vice President
Treasury, Tax and Investor Relations
[email protected]
(937) 309-2503

For media inquiries:
Tom Matthews
Chief Communications Officer
[email protected]
(937) 844-3864

April 29, 2026 06:50 ET  | Source: Scotts Miracle-Gro Company (The)

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 yearGAAP 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 growthNon-GAAP adjusted gross margin rate of at least 32%Non-GAAP adjusted net income per share from continuing operations of $4.15 to $4.35Non-GAAP adjusted EBITDA mid single-digit growthFree 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 the conference call that will include financial results for the three and six months ended March 28, 2026. In addition the Company will also upload these financial results to its investor relations website at https://scottsmiraclegro.gcs-web.com/financial-information/quarterly-results prior to the call.

Conference Call and Webcast Scheduled for 8:15 a.m. ET Today, April 29, 2026

The Company will discuss results during a video presentation via webcast today at 8:15 a.m. ET. To watch the Company presentation and listen to the question-and-answer session, please register in advance at this webcast link. For those planning to participate in the question-and-answer session that follows the video presentation, please register for the webcast to view the presentation in addition to registering in advance via this audio link to receive call-in details and a unique PIN. A replay of the conference call will also be available on the Company’s investor website, where an archive of the press release and any accompanying information will remain available for at least a 12-month period.

About ScottsMiracle-Gro
With approximately $3.3 billion in sales, the Company is the leading marketer of branded consumer lawn and garden products in North America. The Company’s brands are among the most recognized in the industry. The Company’s Scotts®, Miracle-Gro®, Ortho® and Tomcat® brands are market-leading in their categories. For additional information, visit us at www.scottsmiraclegro.com.

Cautionary Note Regarding Forward-Looking Statements
Statements contained in this press release, other than statements of historical fact, which address activities, events and developments that the Company expects or anticipates will or may occur in the future, including, but not limited to, information regarding the future economic performance and financial condition of the Company, the plans and objectives of the Company’s management, and the Company’s assumptions regarding such performance and plans are “forward-looking statements” within the meaning of the U.S. federal securities laws that are subject to risks and uncertainties. These forward-looking statements generally can be identified as statements that include phrases such as “guidance,” “outlook,” “projected,” “believe,” “target,” “predict,” “estimate,” “forecast,” “strategy,” “may,” “goal,” “expect,” “anticipate,” “intend,” “plan,” “foresee,” “likely,” “will,” “should” or other similar words or phrases. Actual results could differ materially from the forward-looking information in this release due to a variety of factors, including, but not limited to:

An economic downturn and economic uncertainty may adversely affect demand for the Company’s products;The Company’s operations, financial condition or reputation may be impaired if its information or operational technology systems fail to perform adequately or if the Company is the subject of a data breach or cyber attack;The highly competitive nature of the Company’s markets could adversely affect its ability to maintain or grow revenues;In the event of a disaster, the Company’s disaster recovery and business continuity plans may fail, which could adversely interrupt its operations;Climate change and unfavorable weather conditions could adversely impact financial results;The Company may not successfully develop new product lines and products or improve existing product lines and products;The Company’s indebtedness could limit its flexibility and adversely affect its financial condition;Compliance with environmental and other public health regulations or changes in such regulations or regulatory enforcement priorities could increase the Company’s costs of doing business or limit its ability to market certain products;Because of the concentration of the Company’s sales to a small number of retail customers, the loss of one or more of, or significant reduction in orders from, any of its top customers, or a material reduction in the inventory of the Company’s products that they carry, could adversely affect the Company’s financial results;If the perception of the Company’s brands or organizational reputation are damaged, its consumers, distributors and retailers may react negatively, which could materially and adversely affect the Company’s business, financial condition and results of operations;The Company’s success depends on the retention and availability of key personnel and the effective succession of senior management; andThe Company is involved in a number of legal proceedings and, while it cannot predict the outcomes of such proceedings and other contingencies with certainty, some of these outcomes could adversely affect the Company’s financial condition, results of operations and cash flows. Additional detailed information concerning a number of the important factors that could cause actual results to differ materially from the forward-looking information contained in this release is readily available in the Company’s publicly filed quarterly, annual and other reports. The Company disclaims any obligation to update developments of these risk factors or to announce publicly any revision to any of the forward-looking statements contained in this release, or to make corrections to reflect future events or developments.

For investor inquiries:
Brad Chelton
Vice President
Treasury, Tax and Investor Relations
[email protected]
(937) 309-2503

For media inquiries:
Tom Matthews
Chief Communications Officer
[email protected]
(937) 844-3864

Scotts Miracle-Gro (SMG - Free Report) 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.

Shareholders are urged to contact the firm immediately at no cost or obligation, as there may be limited time to enforce your rights.

We would handle the matter on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses.

, /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating whether certain officers and directors of The Scotts Miracle-Gro Company (NYSE: SMG) breached their fiduciary duties to shareholders.

If you currently own Scotts Miracle-Gro stock and are a long-term shareholder, you may be able to seek corporate governance reforms, the return of funds back to the company, a court-approved financial incentive award, or other relief and benefits. Please click here to learn more about your legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or [email protected] or [email protected].

Why Your Participation Matters:

Shareholder involvement can help improve a company's policies, practices, and oversight mechanisms to create a more transparent, accountable, and effectively managed organization, which can enhance shareholder value.

Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:
Halper Sadeh LLC
One World Trade Center
85th Floor
New York, NY 10007
Daniel Sadeh, Esq.
Zachary Halper, Esq.
(212) 763-0060
[email protected]
[email protected]
https://www.halpersadeh.com

SOURCE Halper Sadeh LLP

, /PRNewswire/ -- Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC ("KSF"), announces that KSF has commenced an investigation into The Scotts Miracle-Gro Company (NYSE: SMG) ("Scotts" or the "Company").

On August 2, 2023, the Company disclosed disappointing financial results including a decline in quarterly sales for fiscal third quarter of 6%, a decline in gross margin by 420 basis points, as well as a cut to fiscal year EBITDA guidance by a staggering 25% and a $20 million write down of "pandemic driven excess inventories." On this news, the price of Scotts' shares fell by $13.58 per share, or 19%, from a closing price of $71.44 per share on August 1, 2023, to a closing price of $57.86 per share on August 2, 2023.

Thereafter, the Company and certain of its executives were sued in a securities class action lawsuit, charging them with failing to disclose material information during the Class Period in violation of federal securities laws, which remains ongoing.

KSF's investigation is focusing on whether Scotts' officers and/or directors breached their fiduciary duties to its shareholders or otherwise violated state or federal laws. 

If you have information that would assist KSF in its investigation, or have been a long-term holder of Scotts shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at 1-833-938-0905 or email KSF Managing Partner Lewis Kahn ([email protected]), or visit https://www.ksfcounsel.com/cases/nyse-smg/ to learn more.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, and a representative office in Luxembourg.

TOP 10 Plaintiff Law Firms - According to ISS Securities Class Action Services

To learn more about KSF, you may visit www.ksfcounsel.com.

Contact:

Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
[email protected]
1-877-515-1850
1100 Poydras St., Suite 960
New Orleans, LA 70163

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SOURCE Kahn Swick & Foti, LLC

-

NEW YORK & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into The Scotts Miracle-Gro Company (NYSE: SMG) (“Scotts” or the “Company”).

On August 2, 2023, the Company disclosed disappointing financial results including a decline in quarterly sales for fiscal third quarter of 6%, a decline in gross margin by 420 basis points, as well as a cut to fiscal year EBITDA guidance by a staggering 25% and a $20 million write down of “pandemic driven excess inventories.” On this news, the price of Scotts’ shares fell by $13.58 per share, or 19%, from a closing price of $71.44 per share on August 1, 2023, to a closing price of $57.86 per share on August 2, 2023.

Thereafter, the Company and certain of its executives were sued in a securities class action lawsuit, charging them with failing to disclose material information during the Class Period in violation of federal securities laws, which remains ongoing.

KSF’s investigation is focusing on whether Scotts’ officers and/or directors breached their fiduciary duties to its shareholders or otherwise violated state or federal laws.

If you have information that would assist KSF in its investigation, or have been a long-term holder of Scotts shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at 1-833-938-0905 or email KSF Managing Partner Lewis Kahn ([email protected]), or visit https://www.ksfcounsel.com/cases/nyse-smg/ to learn more.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, and a representative office in Luxembourg.

TOP 10 Plaintiff Law Firms - According to ISS Securities Class Action Services

To learn more about KSF, you may visit www.ksfcounsel.com.

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