Scotts Miracle-Gro

Scotts Miracle-Gro Co. engages in the manufacturing, marketing, and sale of products for lawn and garden care and indoor and hydroponic gardening. Its products and services include lawn care, gardening and landscape, hydroponic hardware and growing environments, lighting, controls, and marketing agreement. It operates through the following segments: U.S. Consumer, Hawthorne, and Other. The U.S. Consumer and Other segments manufacture and market branded consumer lawn and garden products. The U.S. Consumer segment consists of consumer lawn and garden business in the United States. The Hawthorne segment manufactures, markets, and distributes lighting, nutrients, growing media, growing environments, and hardware products for indoor and hydroponic gardening in North America. The company was founded by Orlando McLean Scott in 1868 and is headquartered in Marysville, OH.

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Scotts Miracle-Gro exceeds Q1 sales goal, eyes cannabis growth

Scotts Miracle-Gro (SMG) reported strong Q1 performance, exceeding sales goals and achieving profitability milestones.
Despite challenges in the Hawthorne segment, the company remains optimistic about growth opportunities in the cannabis sector.
Commitment to disciplined growth strategies, pricing strength, and leveraging free cash flow for debt repayment and potential reinvestment.
Focus on consumer engagement, market recovery, and maintaining liquidity to drive future success.

Scotts Miracle-Gro reports strong Q2 performance amidst industry challenges

Scotts Miracle-Gro (SMG) reported strong Q2 performance in the US Consumer business, with cost reductions and efficiency gains contributing to improved free cash flow.
While facing challenges in the Hawthorne segment, the company remains focused on reaching breakeven and aligning with the cannabis market's realities for improved performance.
Opportunities lie in positive industry developments, potential pricing adjustments, strategic partnerships in the cannabis market, and value creation initiatives.
Despite margin hindrances, Scotts Miracle-Gro (SMG) is optimistic about the season's progress and committed to growth strategies and profitability through innovation and partnerships.

Scotts Miracle-Gro faces challenges but eyes growth opportunities in 2024

Scotts Miracle-Gro faced challenges in meeting its targets but saw growth in consumer retail sales, with a focus on debt reduction and maintaining dividend payments.
The company is on track with its debt reduction plan, aiming for $1 billion over 2 years, and is exploring opportunities for margin accretion and partnerships for future growth.
Despite short-term financial challenges, Scotts Miracle-Gro is implementing cost-saving measures, focusing on broadening retailer relationships, and anticipating a return to $600 million EBITDA next year.
The Hawthorne business is stabilizing, aiming for profitability, exploring partnerships, and considering strategic actions to address industry challenges, while maintaining a commitment to debt reduction.

Scotts Miracle-Gro reports fiscal '23 improvements, eyes growth in '24

Scotts Miracle-Gro's fiscal '23 performance showcased financial discipline and operational improvements despite sales challenges, setting the stage for growth in fiscal '24.
The company's focus on core consumer, marketing, innovation, and strategic solutions positions it well to capitalize on opportunities for revenue growth and margin enhancement.
While facing challenges such as sales declines and margin pressures, Scotts Miracle-Gro's strategic outlook for fiscal '24 emphasizes growth, profitability, and operational efficiency.
By addressing concerns, leveraging data analytics, and enhancing marketing efforts, Scotts Miracle-Gro aims to drive performance and shareholder value in the upcoming year.

Scotts Miracle-Gro reports strong Q1 results, focuses on profitability

Scotts Miracle-Gro's Q1 performance reflects positive growth and margin improvement strategies.
The company is focused on profitability, leveraging strengths in North America and retail partnerships.
Challenges include managing leverage, transitioning Hawthorne to profitability, and SG&A adjustments.
Opportunities lie in volume growth, partnerships, and sustainable reinvestment for future growth.

Scotts Miracle-Gro surpasses financial targets and navigates industry challenges

Scotts Miracle-Gro delivered strong financial performance, exceeding targets and showcasing growth in consumer business. The focus on proprietary brands, partnerships, and cost optimization reflects a commitment to long-term success.
Challenges include pending deals, achieving profitability in Hawthorne, and navigating the evolving cannabis industry landscape. Opportunities in advertising, strategic partnerships, and cost optimization pave the way for future growth.
Overall, Scotts Miracle-Gro's Q2 earnings call highlighted solid performance, strategic initiatives, and a positive outlook for future sales growth. Management's focus on financial metrics, consumer engagement, and profitability sets a strong foundation for continued success.

Scotts Miracle-Gro reports strong Q3 performance and strategic growth focus

Scotts Miracle-Gro delivered a robust performance in Q3 2024, showcasing growth in net sales, profitability, and market share across its key divisions, driven by strategic initiatives and operational efficiencies.
While facing challenges related to increased SG&A expenses and market dynamics, the company's focus on debt reduction, margin improvement, and financial discipline positions it well for long-term success and sustainable growth.
With opportunities to capitalize on its strong market position, drive innovation, and optimize pricing strategies, Scotts Miracle-Gro is poised to navigate challenges and leverage growth prospects for enhanced shareholder value.

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MARYSVILLE, Ohio, Nov. 04, 2024 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE: SMG), the world's largest marketer of branded consumer lawn and garden as well as a leader in indoor and hydroponic growing products, 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, December 6, 2024, to shareholders of record as of Friday, November 22, 2024.

The Scotts Miracle-Gro Company Announces Quarterly Dividend Payment

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The US cannabis industry is projected to grow significantly, with estimates suggesting it could reach $45.9 billion by 2025. This increase comes as more states legalize cannabis for both medical and recreational use. In recent weeks, news surrounding federal cannabis legalization has sparked renewed interest in marijuana stocks. Recent headlines include a push for reclassifying cannabis from a Schedule I drug, which would open doors for broader legalization. This development has provided momentum for many cannabis companies, causing their stocks to rise. As the industry evolves, it presents a wealth of opportunities for investors.

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The US cannabis industry is rapidly expanding, with sales projected to reach $45.8 billion by 2025. Ancillary cannabis companies, which provide essential products and services to the industry, are crucial to this growth. These companies support everything from cultivation to packaging, helping marijuana businesses thrive. Recently, headlines have been buzzing about potential federal legalization, as several bills have been introduced in Congress. If passed, these could accelerate industry expansion and lead to even greater investment opportunities. With the market's future looking bright, it's essential to keep an eye on key ancillary stocks this week.

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Here's Why Scotts Miracle-Gro (SMG) is a Strong Momentum Stock

SAN DIEGO , Sept. 30, 2024 /PRNewswire/ -- The Shareholders Foundation, Inc. announces that a lawsuit was filed by a NYSE: SMG investor against certain directors of Scotts Miracle-Gro Company.

NYSE: SMG Lawsuit against Directors filed - Investors in shares of The Scotts Miracle-Gro Company (NYSE: SMG) should contact the Shareholders Foundation

The US cannabis industry is growing at a rapid pace, with sales expected to reach $52 billion by 2026. As more states move toward legalization, ancillary companies that provide essential products and services are also gaining traction. These companies, which do not directly handle cannabis but support its production, are vital to the industry's expansion. Recently, headlines have focused on discussions around federal legalization, sparking optimism for future growth. Investors looking to capitalize on this momentum should watch ancillary cannabis stocks, which often experience less regulatory risk than direct cannabis producers.

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The strong recovery since their decline between 2021-2022, especially in the US consumer segment, is driving overall revenue growth despite challenges in the Hawthorne division. I'm encouraged by management's effective debt reduction efforts, which decreased borrowings by $600 million over the past year. Despite a 28% revenue decline in the Hawthorne segment, I find the segment's return to profitability and improving fundamentals quite promising.

Scotts Miracle-Gro: A Turnaround Is Very Probable

The Scotts Miracle-Gro Company's manufacturing facility in Fort Madison, Iowa, recently celebrated a Total Recordable Incident Rate of zero for 365 days.

ScottsMiracle-Gro's Fort Madison Plant Celebrates 365 Day Safety Record

The US cannabis industry has grown significantly, with projections estimating the market could reach $40 billion by 2025. As more states legalize cannabis, ancillary companies supporting the industry have become critical players. These companies provide essential products and services, such as hydroponic equipment and cultivation supplies. Recent headlines highlight the push for federal legalization as Congress considers new bills aimed at decriminalizing cannabis. Investors are closely watching this space as legalization could open new revenue streams. Given this promising outlook, ancillary cannabis stocks have become attractive for those seeking to capitalize on the industry's growth.

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NEW YORK , Sept. 6, 2024 /PRNewswire/ -- Moore Law, PLLC, a shareholder law firm located on Wall Street, is investigating potential claims against: The Scotts Miracle-Gro Company (NYSE: SMG) **Shareholders should email Fletcher@fmoorelaw.com The investigation concerns misrepresentations or omissions regarding Scotts' debt covenants.

INVESTOR ACTION NOTICE: Moore Law PLLC Encourages Investors in The Scotts Miracle-Gro Company to Contact Law Firm

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NEW YORK, Aug. 26, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against The Scotts Miracle-Gro Company (NYSE: SMG) on behalf of long-term stockholders following a class action complaint that was filed against Scotts on June 6, 2024 with a Class Period from June 2, 2021 to August 1, 2023. Our investigation concerns whether the board of directors of Scotts have breached their fiduciary duties to the company.

SCOTTS ALERT: Bragar Eagel & Squire, P.C. is Investigating The Scotts Miracle-Gro Company on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

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Why Scotts Miracle-Gro (SMG) is a Top Momentum Stock for the Long-Term

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LOS ANGELES, CA / ACCESSWIRE / August 12, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of The Scotts Miracle-Gro Company ("Scotts" or "the Company") (NYSE:SMG) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

Investors Are Invited To Participate In The Scotts Miracle-Gro Company Fraud Inquiry With The Schall Law Firm

LOS ANGELES, CA / ACCESSWIRE / August 8, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of The Scotts Miracle-Gro Company ("Scotts" or "the Company") (NYSE:SMG) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

Investors Are Encouraged To Join The Scotts Miracle-Gro Company Fraud Inquiry With The Schall Law Firm

The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of The Scotts Miracle-Gro Company ("Scotts" or "the Company") (NYSE:SMG) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

Investors Are Invited To Participate In The Scotts Miracle-Gro Company Fraud Investigation With The Schall Law Firm

LOS ANGELES, CA / ACCESSWIRE / August 6, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of The Scotts Miracle-Gro Company ("Scotts" or "the Company") (NYSE:SMG) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

SMG Investors Have Opportunity To Join The Scotts Miracle-Gro Company Fraud Investigation With The Schall Law Firm

NEW YORK, NY / ACCESSWIRE / August 5, 2024 / If you suffered a loss on your The Scotts Miracle-Gro Company (NYSE:SMG) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/the-scotts-miracle-gro-company-lawsuit-submission-form?prid=93920&wire=1 or contact Joseph E. Levi, Esq.

Investors Who Lost Money on The Scotts Miracle-Gro Company (SMG) Should Contact Levi & Korsinsky About Pending Class Action - SMG

NEW YORK, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in The Scotts Miracle-Gro Company ("Scotts" or the "Company") (NYSE: SMG) of a class action securities lawsuit.

Levi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of August 5, 2024 in Scotts Lawsuit – SMG

NEW YORK, NY / ACCESSWIRE / August 5, 2024 / If you suffered a loss on your The Scotts Miracle-Gro Company (NYSE:SMG) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/the-scotts-miracle-gro-company-lawsuit-submission-form?prid=93914&wire=1 or contact Joseph E. Levi, Esq.

Investors in The Scotts Miracle-Gro Company Should Contact Levi & Korsinsky Before August 5, 2024 to Discuss Your Rights - SMG

NEW YORK, NY / ACCESSWIRE / August 5, 2024 / If you suffered a loss on your The Scotts Miracle-Gro Company (NYSE:SMG) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/the-scotts-miracle-gro-company-lawsuit-submission-form?prid=93907&wire=1 or contact Joseph E. Levi, Esq.

Levi & Korsinsky Reminds Scotts Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of August 5, 2024 - SMG

NEW YORK, NY / ACCESSWIRE / August 5, 2024 / Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Scotts Miracle-Gro Company (The) ("Scotts Miracle-Gro" or "the Company") (NYSE:SMG) and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Scotts Miracle-Gro securities between November 3, 2021 and August 1, 2023, inclusive (the "Class Period").

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