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.

Scotts Miracle-Gro reports strong fiscal '24 performance and outlines growth plans for '25

Scotts Miracle-Gro's fiscal '24 showcased resilience and strategic progress, with a focus on cost-cutting, growth, and operational efficiency. The company is poised for sustained growth through brand investments and market strategies.

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MARYSVILLE, Ohio, Nov. 22, 2023 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE: SMG), the world's leading marketer of branded consumer lawn and garden as well as indoor and hydroponic growing products, will participate in a fireside chat hosted by Martin Mitela of Raymond James & Associates at the 2023 Raymond James TMT and Consumer Conference on Monday, December 4, 2023, in New York City. After opening comments, Mr. Mitela, equity research associate, will moderate a question-and-answer session with Matt Garth, SMG's chief financial and administrative officer, at approximately 11:30 a.m. ET.

ScottsMiracle-Gro to hold Fireside Chat with Raymond James

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The Scotts Miracle-Gro Foundation and the National Head Start Association (NHSA) have teamed up to bring the GroMoreGood Garden Grants to community gardens

The Scotts Miracle-Gro Foundation and The National Head Start Association Partner to Bring Gardens to Children and Families

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The decline in sales of Scotts Miracle-Gro (SMG) is due to lower sales in the U.S. Consumer and Hawthorne segments in Q4.

Scotts Miracle-Gro (SMG) Q4 Earnings & Sales Beat Estimates

Scotts Miracle-Gro's revenue is falling and profits have evaporated. Management says it made hard choices this year to push its profit margins back to more historical levels in its fiscal 2024.

Why Scotts Miracle-Gro Stock Soared Today

Scotts Miracle-Gro Co.'s stock soared 21% Wednesday, chalking up its biggest one-day gain since Aug. 1, 2008, after the latest earnings from the maker of consumer lawn-care and outdoor hydroponic products were less bad than feared.

Scotts Miracle-Gro's stock posts biggest one-day gain in 15 years after narrower-than-expected loss

The Scotts Miracle-Gro Company (NYSE:SMG ) Q4 2023 Earnings Conference Call November 1, 2023 9:00 AM ET Company Participants Aimee DeLuca - Senior Vice President of Investor Relations James Hagedorn - Chairman, President, and CEO Matthew Garth - Chief Financial and Administrative Officer Nate Baxter - Chief Operating Officer Chris Hagedorn - Group President of Hawthorne Conference Call Participants John Andersen - William Blair & Co. Bill Chappell - Truist Securities Joseph Altobello - Raymond James & Associates, Inc. Andrew Carter - Stifel, Nicolaus & Company William Reuter - Bank of America Yakov Mushtov - JP Morgan Operator Good morning and welcome to the Q4 2023 Scotts Miracle-Gro Company Conference Call. At this time, all participants are in a listen-only mode.

The Scotts Miracle-Gro Company (SMG) Q4 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Scotts (SMG) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Scotts (SMG) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates

MARYSVILLE, Ohio, Nov. 01, 2023 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE: SMG), the world's leading marketer of branded consumer lawn and garden as well as indoor and hydroponic growing products, today announced its results for the fourth quarter and fiscal year ended September 30, 2023.

ScottsMiracle-Gro Announces Fiscal 2023 Full-Year Results

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News for Scotts Miracle-Gro Stock (SMG)