July 21, 2026 07:00 ET | Source: Scotts Miracle-Gro Company (The)
GroForward 2030 focuses on products, practices and people
Initiative outlined in 2026 Corporate Responsibility Report
MARYSVILLE, Ohio, July 21, 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 the release of its 2026 Corporate Responsibility Report.
The report, available on the ScottsMiracle-Gro website, memorializes the Company’s progress in 2025 toward its corporate responsibility commitments and demonstrates a shift in its approach to corporate responsibility through 2030, branded as GroForward 2030 and grounded in delivering responsibly produced solutions backed by science and built for real life. GroForward 2030 aims to best serve the Company’s stakeholders while embodying its purpose to GroMoreGood, everywhere.
“GroForward 2030 builds on our history of success in sustainability to create many more opportunities for positive impacts to the benefit of our Company and all those with whom we do business,” said Nate Baxter, president and CEO. “Just as importantly, our reinvigorated approach to corporate responsibility is a reflection of input from our stakeholders and aligns with our multi-year SMG 2.0 growth strategy.”
Baxter noted that the consumer and retail environment are changing, and the Company is adapting through SMG 2.0, whose key elements include:
Innovation to optimize the portfolio, including more products centered on naturals, organics and indoor and outdoor growing.Channel expansion, primarily ecommerce but also in expanded retailer partnerships and professional do-it-for-me yard care.Category growth by engaging emerging consumers and broader demographic groups.Operational efficiencies and savings to ensure the best-in-class supply chain. GroForward 2030 builds on SMG 2.0 with goals centered on the core principles of Products you can count on, Practices you can be proud of and People you grow with.
GroForward 2030 Goals
Products You Can Count On
Designing for Sustainability: 100% of new products introduced will align with at least one defined sustainability criterion mapped directly to the UN Sustainable Development Goals (SDGs 3, 12 and 15).Consumer Experience: Increase the percentage of the ScottsMiracle-Gro product catalog with an average consumer star rating of 4.0 or higher by 25% from the fiscal 2025 baseline. Practices You Can Be Proud Of
Climate and Energy Efficiency: Reduce total absolute Scope 1 and Scope 2 greenhouse gas emissions by 20% by fiscal 2030 from a fiscal 2024 baseline.Environmental Stewardship: Drive a 10% reduction in purchased water intensity across all operated facilities against a fiscal 2024 baseline to build operational resource efficiency. People You Grow With
Supporting Communities: Achieve a 50% associate participation rate in the Company’s Give Back to Gro volunteer time off program.Biodiversity Investment: Support the protection, management or restoration of at least 3,000 acres of natural habitat through biodiversity-related grants and partnerships.Community Impact: Invest $10 million to improve communities through strategic partnerships and charitable contributions. Among milestones achieved in 2025 and recognized in the report:
Product Innovation: 50% sales growth of Miracle-Gro Organics, the successful revival of the O.M. Scott & Sons heritage brand with 100% curbside-recyclable packaging and targeted pest-control technology, such as the new Ortho Mosquito Kill & Prevent product.Eco-Efficiency and Sourcing: Manufacturing of growing media within 150 miles of point-of-sale destinations to lower fuel use and source locally, 40% reduction in energy usage for compressed air in the Marysville fertilizer plant and diversion of 344,445 pounds of plastic waste diverted from landfills through the Trex recycling partnership.Associate Well-Being: Launch of Lyra Health mental wellness platform and earning the Human Rights Campaign's Equality 100 Leader title for the fourth consecutive year.Community Impact: The Scotts Miracle-Gro Foundation distributing $1.96 million in grants, and Marysville campus associate gardens donating over 6,700 pounds of fresh produce to local Ohio food banks. 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 media inquiries:
Tom Matthews
Chief Communications Officer [email protected]
(937) 844-3864
For investor inquiries:
Brad Chelton
Vice President
Treasury, Tax and Investor Relations [email protected]
(937) 309-2503
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
Scotts (SMG) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher 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.
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, /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].
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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.
June 29, 2026 06:55 ET | Source: Scotts Miracle-Gro Company (The)
Nate Baxter Appointed President and Chief Executive Officer
Pete Shumlin Elected Chairman of the Board
MARYSVILLE, Ohio, June 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 announced that the Board of Directors has named Nate Baxter as president and CEO, effective immediately. In addition, Baxter has joined the Board of Directors. The Board also elected independent Lead Director Pete Shumlin as chairman of the Board.
Baxter succeeds Jim Hagedorn, 70, CEO since 2001 and chairman since 2003, whose transition from the Company and its Board of Directors aligns with the Board’s long-term internal succession plan. The framework of the succession plan was established by the Board of Directors upon Baxter joining the Company in 2023.
During his tenure, Baxter, 53, has driven a relentless focus on operational excellence and is the architect of the Company’s multi-year SMG 2.0 growth strategy centered on category growth, channel expansion and product innovation grounded in naturals and organics. He also has spearheaded the implementation of technology, automation, data analytics and AI to deliver operational and cost efficiencies throughout the organization.
Hagedorn completed a nearly 40-year career with the Company, having held sales, operations and management roles before becoming CEO and chairman. Hagedorn, whose father Horace started Miracle-Gro in 1951, led the merger of the family business with The Scotts Company in 1995. In his time as CEO, he shaped the modern lawn and garden industry through acquisitions of key brands, such as Ortho and Tomcat, that significantly expanded the portfolio and through strategic growth initiatives that included the joint venture with Bonnie Plants. He advanced new approaches to consumer marketing and led the public listing of SMG on the New York Stock Exchange. Annual revenue climbed from $732 million in 1995 after the Scotts and Miracle-Gro merger to $3.3 billion in fiscal 2025.
“Jim has made ScottsMiracle-Gro what it is today and fundamentally modernized the lawn and garden industry by championing the consumer experience,” Shumlin said. “As a former F-16 fighter pilot, he brought a boldness and competitive spirit to the Company that remains a big part of the associate experience. He has given most of his adult life to this Company, and we are eternally grateful.
“As for Nate’s appointment as chief executive officer, this is the realization of the Board’s internal succession planning efforts with an eye toward accelerating next-generation growth drivers to scale the business. Nate has proven to be an exceptional talent who leads with integrity, collaboration, vision and operational expertise. He is the architect of the SMG 2.0 growth plan and has built a strong team to execute upon it. He is uniquely qualified to further evolve ScottsMiracle-Gro into the essential, lifestyle brand for lawn and garden consumers of today and the future.”
Baxter added, “I consider it a tremendous privilege to lead ScottsMiracle-Gro and serve all those we touch daily. I know I have big shoes to fill and look forward to collaborating with our teams as we nurture a culture in which our associates thrive and work together to deliver on the SMG 2.0 strategy. We have a special consumer franchise with a meaningful runway. My focus is to build on the momentum of SMG 2.0 while maintaining the financial discipline that has strengthened our balance sheet, converting that into durable shareholder value creation.”
Hagedorn said, “It has been an honor to be part of this Company for most of my life. I’m grateful for the opportunity to work with so many talented people as we built ScottsMiracle-Gro and its brands into the market leader with superpowers like no other in lawn and garden. Nate is ready to take over the reins. He has established himself as the leader ScottsMiracle-Gro needs as it transforms for the future.”
Fiscal 2026 Outlook
In connection with today’s announcement, the Company has reaffirmed its previously provided Fiscal 2026 guidance, which includes:
U.S. Consumer net sales low single-digit growthNon-GAAP adjusted gross margin 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 approximately $275 million, driving leverage ratio down to the high 3s
As previously announced, the Company will host its 2026 Investor Day at the New York Stock Exchange on August 4, 2026, beginning at 9 a.m. ET. Members of the executive and senior leadership team will discuss the Company’s mid- to long-term strategic priorities and financial goals followed by a question-and-answer session.
Bios
Baxter joined the Company in April 2023 as executive vice president, technology and operations, and was named COO in September 2023 before taking on the expanded role of president and COO in 2024. Among his responsibilities were execution of Company strategies and oversight of the market-leading brands, sales, supply chain, marketing, R&D and information technology. Prior to ScottsMiracle-Gro, Baxter was president of TEL U.S., a Tokyo Electron Ltd. subsidiary that manufactures semiconductor and flat-panel manufacturing equipment, and worked with Intel Corporation in technology, supply chain, strategy and management. He is a general partner of the Hagedorn Partnership, L.P., the largest shareholder of the Company, and serves as chairman of the board of Bonnie Plants, the largest national supplier of vegetable and herb plants in the U.S., as well as a board member with The Legacy Project, which empowers students to become leaders and innovators.
Shumlin, 70, a former three-term governor of Vermont and director at Putney Student Travel as well as a principal in numerous real estate ventures, has been a member of the Board of Directors since 2017 and served as its lead independent director since 2023.
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
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.
Scotts Miracle-Gro (SMG - Free Report) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on April 29. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus EstimateThis lawn and garden products company is expected to post quarterly earnings of $3.95 per share in its upcoming report, which represents a year-over-year change of -0.8%.
Revenues are expected to be $1.4 billion, down 1.3% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.41% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Scotts?For Scotts, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -0.46%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination makes it difficult to conclusively predict that Scotts will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Scotts 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 beaten consensus EPS estimates three times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Scotts doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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
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.
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) 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%.
What's Next for Scotts?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 (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.86 on $1.21 billion in revenues for the coming quarter and $4.27 on $3.31 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Agriculture - Operations is currently in the top 26% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Corteva, Inc. (CTVA - Free Report) , is yet to report results for the quarter ended March 2026. The results are expected to be released on May 5.
This agriculture is expected to post quarterly earnings of $1.14 per share in its upcoming report, which represents a year-over-year change of +0.9%. The consensus EPS estimate for the quarter has been revised 1.4% higher over the last 30 days to the current level.
Corteva, Inc.'s revenues are expected to be $4.65 billion, up 5.2% from the year-ago quarter.
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
Cramer recommended selling Alexandria Real Estate Equities, Inc. (NYSE:ARE).
NextDecade Corporation (NASDAQ:NEXT) can “go higher because the need for more LNG, I think it's an okay idea. Not great,” Cramer said.
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, /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
May 20, 2026 16:05 ET | Source: Scotts Miracle-Gro Company (The)
MARYSVILLE, Ohio, May 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 participate in the William Blair 46th Annual Growth Stock Conference in Chicago on Wednesday, June 3, 2026.
President and Chief Operating Officer Nate Baxter and Chief Financial Officer Mark Scheiwer will be among the featured speakers at the conference, discussing current business strategies for ScottsMiracle-Gro at approximately 3:20 p.m. CT (4:20 p.m. ET). Investors and other interested parties may listen to a live webcast of the presentation from the events page of the Company’s investor relations website. An archive of the webcast will be available on the website for at least 90 days.
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.
Forward Looking Statements
Our presentation may contain forward-looking statements that set forth anticipated results based on management’s current plans and assumptions. We caution investors that forward-looking statements are not guarantees of future performance and actual events or results may differ materially from those predicted in the forward-looking statements. Investors should familiarize themselves with the full range of risk factors that could cause actual results to differ materially from those projected in the forward-looking statements. These risk factors can be found in our Form 10-K filed with the Securities and Exchange Commission.
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
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.
On May 27, 2026, The Scotts Miracle Gro Co SMG shares rose 3.8% to a current price of $61.13, moving within a 52-week range of $52.00 to $72.35. This price movement highlights a recent uptick in momentum, as the stock has seen a 6.0% increase over the past week, although it remains down 8.8% over the last month.
GF Value™ verdict: Current price is $61.13, compared to a GF Value™ of $60.70, indicating the stock is 0.7% overvalued.GF Score™ of 69/100 suggests that SMG is rated as Above Average in terms of its investment quality.No insider transactions have been reported in the last three months, indicating stable insider sentiment. Is SMG Overvalued or Undervalued? The current price of SMG at $61.13 is slightly above the GF Value™ estimate of $60.70, suggesting the stock is marginally overvalued by 0.7%. This proximity to fair value provides a limited margin of safety for potential investors. The GF Valuation label categorizes it as Fairly Valued, indicating that while the stock is not significantly overpriced, there may be limited upside potential in the near term. GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates.
Investors should be cautious given the current overvaluation, as it poses risks in the event of market corrections or adverse business developments. The stock's recent performance fluctuations, including a decline over the past month, could signal underlying challenges that might affect its trajectory moving forward.
How Does SMG's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 34.1x 22.2x Forward P/E 14.0x N/A The current P/E ratio of 34.1x is significantly above the 5-year median P/E of 22.2x, indicating that SMG is trading at a premium compared to its historical valuation. This aligns with the GF Value™ verdict, which suggests that the stock is overvalued, further supporting the notion that a correction may be on the horizon if earnings do not justify the high valuation.
What Does SMG's GF Score™ Tell Us? Metric Rating GF Score™ 69 Financial Strength 4/10 Profitability 6/10 Growth 2/10 Valuation 9/10 Momentum 8/10 The GF Score™ of 69 indicates that SMG is positioned as an Above Average investment. The strongest aspect of the score is its Valuation Rank of 9/10, suggesting that the stock is recognized for its potential value, despite being currently overvalued. Conversely, the Growth Rank of 2/10 indicates significant challenges in the company's ability to expand, which could pose risks for long-term investors. Overall, while SMG's profitability and momentum ratings reflect some strength, its financial health remains a concern, as reflected in the low Financial Strength score of 4/10.
What Are Insiders Doing with SMG Stock? There have been no insider transactions in the last three months for The Scotts Miracle Gro Co, suggesting a stable outlook from those within the company. This lack of insider activity might indicate that management does not foresee significant changes in the company's direction or performance in the near term, which could be interpreted as a neutral sentiment regarding the stock's future.
What This Means for Investors Based on the GF Value™ assessment, The Scotts Miracle Gro Co SMG is currently overvalued. While the stock presents some appealing metrics, such as its strong valuation rank, investors should be cautious due to the limited margin of safety and potential risks associated with its current price relative to intrinsic value.
For the complete analysis, visit the The Scotts Miracle Gro Co SMG stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is SMG's GF Score™?
SMG's GF Score™ is 69/100, indicating that it is rated as Above Average in terms of investment quality, which suggests decent long-term return potential.
Is SMG overvalued or undervalued?
SMG is currently overvalued, with a GF Value™ estimate of $60.70 compared to a market price of $61.13, reflecting a 0.7% overvaluation.
What is SMG's P/E ratio?
SMG's P/E ratio is 34.1x, which is significantly above its 5-year median P/E of 22.2x, indicating that the stock is trading at a premium compared to its historical valuations.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
June 03, 2026 07:00 ET | Source: Scotts Miracle-Gro Company (The)
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 includes:
U.S. Consumer net sales low single-digit growthNon-GAAP adjusted gross margin 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 approximately $275 million, driving leverage ratio down to the high 3’s The Company will provide more commentary today when it participates in the William Blair 46th Annual Growth Stock Conference in Chicago at 4:20 p.m. ET. Investors and other interested parties may listen to a live webcast of the presentation from the events page of the Company’s investor relations website. An archive of the webcast will be available on the website for at least 90 days.
2026 Investor Day Details
The Company will host its 2026 Investor Day at the New York Stock Exchange on August 4, 2026 beginning at 9 a.m. ET. Members of the executive and senior leadership team will discuss the Company’s mid- to long-term strategic priorities and financial goals followed by a question-and-answer session. For investors interested in viewing the presentation online, a live webcast of the presentation can be accessed through Vimeo. For those unable to participate during the live webcast, a replay will be available on the Investor Relations website.
Please register your attendance no later than July 7, 2026 with Investor Relations by email to [email protected] with your full name, company, email address and contact phone number.
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
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
Did The Scotts Miracle-Gro Company Insiders Breach their Fiduciary Duties to Shareholders? PR Newswire
NEW YORK, June 5, 2026
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
View original content to download multimedia:https://www.prnewswire.com/news-releases/did-the-scotts-miracle-gro-company-insiders-breach-their-fiduciary-duties-to-shareholders-302792936.html
June 2026 Cannabis Stock Watchlist: Growth Opportunities Ahead The cannabis industry continues to evolve in 2026. While many marijuana operators face challenges, several supporting businesses are finding new opportunities. These companies benefit from industry growth without directly selling cannabis products. As a result, many investors view them as lower-risk ways to gain exposure to the sector.
The legal cannabis market in the United States remains one of the fastest-growing industries. More states continue expanding medical and adult-use programs. Additionally, lawmakers continue discussing potential federal reforms. Although uncertainty remains, long-term industry trends still point toward growth. Consequently, many investors are searching for companies that can benefit from increasing cultivation and consumer demand.
Ancillary cannabis companies play an important role in the industry. These businesses provide equipment, supplies, nutrients, lighting systems, and gardening products. Therefore, they can generate revenue from cannabis expansion regardless of which operators gain market share. Furthermore, they often avoid many regulatory challenges that directly impact marijuana producers and retailers.
During the past two years, cannabis-related stocks faced significant pressure. Higher interest rates and slower industry growth created headwinds. However, many companies responded by reducing costs and improving operational efficiency. As a result, several businesses entered 2026 with stronger balance sheets and better profit margins.
Investors are now looking for signs of recovery across the cannabis supply chain. Companies with strong brands, healthy finances, and expanding market opportunities may be positioned to benefit. Additionally, businesses focused on profitability could attract increased investor attention if industry conditions improve.
In this article, we examine three marijuana-related stocks worth watching in June 2026. These companies include GrowGeneration Corporation, Hydrofarm Holdings Group, and Scotts Miracle-Gro Company. Each offers a unique way to participate in the cannabis industry’s long-term growth potential. Moreover, all three have recently taken steps to strengthen operations and improve financial performance as market conditions continue to evolve.
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3 Top Marijuana Stocks to Watch in June 2026 GrowGeneration Corporation (NASDAQ: GRWG) Hydrofarm Holdings Group (NASDAQ: HYFM) Scotts Miracle-Gro Company (NYSE: SMG) GrowGeneration Corporation (NASDAQ: GRWG) GrowGeneration is one of the largest hydroponic and cultivation supply companies serving the cannabis industry. The company operates a network of specialty retail stores across the United States. These locations provide nutrients, lighting systems, environmental controls, and cultivation equipment. GrowGeneration also serves commercial cannabis cultivators through its business-to-business division.
The company’s largest presence is in major cannabis markets, including California, Colorado, Michigan, and Oklahoma. Over the past few years, management has streamlined operations and reduced its retail footprint. Today, the company operates approximately 19 retail and distribution locations nationwide. The focus has shifted toward profitability and proprietary brands.
Additionally, GrowGeneration continues expanding its private-label product portfolio. These products generally produce higher margins than third-party offerings. The company also benefits from exposure to cultivation trends without directly touching the cannabis plant. Therefore, it avoids many of the regulatory challenges faced by plant-touching operators.
Financially, GrowGeneration showed meaningful improvement during 2025 and early 2026. Full-year 2025 revenue totaled approximately $161.7 million. Although sales declined year over year, profitability metrics improved significantly. Gross margin expanded to 26.8% from 23.1% during the prior year. Furthermore, proprietary brand sales increased as a percentage of total revenue.
The company also substantially reduced its annual net loss. Management reported a 2025 net loss of roughly $24 million. That represented a major improvement from the previous year. Operating expenses declined significantly as restructuring efforts gained traction.
During the first quarter of 2026, revenue reached approximately $38.4 million. The quarterly loss narrowed further as commercial sales improved. Moreover, management expects a return to positive adjusted EBITDA during parts of 2026. The company ended 2025 with more than $46 million in cash and no debt. That strong balance sheet provides flexibility while cannabis cultivation markets recover.
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Hydrofarm Holdings Group (NASDAQ: HYFM) Hydrofarm is another major supplier of cultivation equipment and hydroponic products. The company serves both cannabis growers and controlled-environment agriculture customers. Its portfolio includes lighting systems, nutrients, growing media, climate controls, and cultivation accessories.
Unlike traditional cannabis operators, Hydrofarm does not own dispensaries. Instead, the company supplies thousands of cultivation businesses across North America. Its products reach growers through wholesale distribution channels and direct sales networks. The company serves more than 1,800 customer accounts throughout the United States and Canada.
Hydrofarm’s largest concentration of business comes from legal cannabis cultivation markets. These include California, Michigan, Colorado, and several emerging states. The company has spent recent years restructuring operations and reducing costs. Consequently, management is focused on stabilizing margins and preserving liquidity.
Additionally, Hydrofarm continues to emphasize proprietary brands. These brands generate stronger profitability and help differentiate the company from competitors. While industry conditions remain challenging, management believes demand will improve as cannabis markets mature.
Financial performance remained difficult throughout 2025 and early 2026. Full-year 2025 revenue declined to approximately $134.3 million. Industry oversupply and reduced cultivation activity pressured demand across many markets. As a result, sales fell significantly from the prior year.
The company reported a sizable net loss during 2025. Much of that loss stemmed from impairment charges and restructuring activities. However, adjusted EBITDA improved compared with prior periods. Gross margins also showed signs of stabilization.
During the first quarter of 2026, revenue totaled approximately $28.5 million. Net sales declined again compared with the prior year. Nevertheless, management reduced operating expenses and improved cash flow metrics. Hydrofarm also completed major manufacturing consolidation initiatives. These efforts should lower costs going forward. Investors will be watching closely for signs that cultivation spending begins recovering during the second half of 2026.
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Scotts Miracle-Gro Company (NYSE: SMG) Scotts Miracle-Gro is best known for lawn and garden products. However, the company also owns Hawthorne Gardening, a leading supplier to the cannabis cultivation industry. Hawthorne sells hydroponic equipment, lighting systems, nutrients, and environmental controls.
The Hawthorne division became one of the earliest large-scale suppliers to commercial cannabis cultivators. Its products are used throughout major cannabis states, including California, Michigan, Colorado, and Illinois. Unlike many cannabis businesses, Scott’s benefits from diversified revenue streams. Therefore, it is not entirely dependent on the marijuana industry’s performance.
Hawthorne remains one of the most recognized brands serving professional cannabis growers. The division has spent the past few years streamlining operations and focusing on higher-margin products. Additionally, management has explored strategic alternatives for Hawthorne as the cannabis market evolves.
Investors seeking cannabis exposure often overlook Scotts Miracle-Gro. However, the company’s cannabis-related operations provide indirect exposure with lower overall risk. That combination makes the stock attractive for conservative investors.
Financially, Scotts delivered strong fiscal 2025 results. Company-wide sales reached approximately $3 billion. Adjusted earnings improved significantly as consumer lawn and garden demand remained resilient. Furthermore, operating margins expanded during the year.
The Hawthorne segment generated approximately $274 million in fiscal 2025 sales. Although demand for cannabis cultivation remained below peak levels, profitability improved through cost reductions and product mix improvements. Management continued emphasizing premium products and operational efficiency.
Looking ahead, Scotts expects continued earnings growth during fiscal 2026. Management forecasts low single-digit sales growth and stronger cash generation. Additionally, the company projects adjusted earnings growth compared to the previous year. While cannabis markets remain challenging, Hawthorne appears positioned for gradual improvement. As a result, Scotts offers investors a unique way to gain exposure to long-term growth in the cannabis industry while maintaining diversification through its core consumer business.
