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.

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Earnings data Q1 2025

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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

Scotts (SMG) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

Scotts Miracle-Gro (SMG) came out with quarterly earnings of $1.17 per share, missing the Zacks Consensus Estimate of $1.41 per share. This compares to earnings of $1.98 per share a year ago.

Scotts Miracle-Gro (SMG) Misses Q3 Earnings and Revenue Estimates

Scotts Miracle-Gro Co. SMG, +2.00% stock was down 16% in premarket trades on Wednesday after it missed Wall Street's profit and revenue targets due to weaker-than-expected results in its core lawn products business and a 40% decline at its Hawthorne unit, which sells equipment for growing pot. Scotts Miracle-Gro swung to a third-quarter profit of $43.7 million, or 77 cents a share, after reporting a year-ago loss of $443.9 million, or $8.01 a share.

Scotts Miracle Gro stock drop sharply after cannabis grow equipment Hawthorne unit weighs on profit

MARYSVILLE, Ohio, Aug. 02, 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 third quarter ended July 1, 2023.

ScottsMiracle-Gro Announces Third Quarter Financial Results; Updates Full Year Sales and Earnings Outlook

Archer-Daniels-Midland Company

Bunge Global SA

Agriculture stocks have performed well over the past few years due to rising agriculture commodity prices. Returns could continue to be strong, thanks to a long-term growth catalyst: the rising global population.

3 Agriculture Stocks Harvesting Dividends

Scotts (SMG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Scotts Miracle-Gro (SMG) to Report a Decline in Earnings: What to Look Out for

MARYSVILLE, Ohio, July 20, 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 release its third quarter financial results on Wednesday, August 2, 2023, prior to the opening of the U.S. financial markets. The Company will host a conference call to discuss those results at 9:00 a.m. ET.

ScottsMiracle-Gro Announces Timing of Third Quarter 2023 Financial Results and Conference Call

Kaiser Aluminum

Dow Inc

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

These 3 Materials Stocks Delivering High-Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts - Kaiser Aluminum (NASDAQ:KALU), Dow (NYSE:DOW)

GrowGeneration Corp

Hydrofarm Holdings Group

This week could be a good opportunity to find marijuana stocks to buy. Now as some may still see investing in cannabis stocks as more risk verse reward. Yet there is still hope for the future. Right now with all the advancements in the industry, it is time to do your homework on the future of the cannabis industry will be. By becoming more aware of what companies are leading the industry can build investors' confidence. As well you want to gain an understanding of what projects the company is working on and how profitable they have become.

Top Marijuana Stocks To Kick The Week Off

Agrify

Are you looking for top marijuana stocks to watch in July? Ancillary cannabis companies provide products and services to the cannabis sector but do not work directly with the plant. These companies offer various services, including cultivation technology, packaging and labeling, software and data analytics, legal and financial services, and marketing and branding.

Unlocking Potential: The Best Ancillary Cannabis Stocks for Mid-July 2023

MARYSVILLE, Ohio, July 14, 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 that Mark D. Kingdon has been named to its Board of Directors.

ScottsMiracle-Gro Announces Appointment of Mark D. Kingdon to Board of Directors

Scotts Miracle-Gro SMG, +6.45% stock was up by nearly 7% on Tuesday after Truist analyst Bill Chappell upgraded the lawn-products maker to buy from hold and raised his price target to $80 a share from $65. However, Chappell reduced his fiscal 2023 earnings estimate for Scotts Miracle-Gro to $2.45 a share from $2.50 a share and reduced his 2024 earnings view to $2.80 a share from $3.30 a share.

Scotts Miracle-Gro stock rises on Truist upgrade to buy

AFC Gamma

Innovative Industrial Properties

The cannabis industry is currently experiencing rapid growth and diversification beyond the traditional realms of cultivation and distribution. As an investor seeking promising opportunities, one avenue worth considering is ancillary marijuana stocks. These stocks represent companies that offer vital support services and products to the cannabis sector. In this article, we will delve into the particulars of ancillary marijuana stocks. We will examine their significance within the industry, and discuss the associated investment risks in the cannabis market. Plus provide insights on identifying the most promising ancillary marijuana stocks to consider for investment.

Top Ancillary Marijuana Stocks Inside The Cannabis Sector

Investors need to pay close attention to Scotts MiracleGro (SMG) stock based on the movements in the options market lately.

Is the Options Market Predicting a Spike in Scotts MiracleGro (SMG) Stock?

Leafly Holdings

WM Technology

Marijuana stocks are one of the more challenging sectors to invest in. This is mainly due to how low the cannabis sector has fallen. If you once invested in marijuana stocks today's sector may cause a bit of frustration. For new investors now is a good time to do your research and build a watch list of companies to invest in. Whenever there is a pullback in a sector this is an opportune time to start looking for the best marijuana stocks to buy.

The Best 3 Marijuana Stocks For Your Investment Portfolio

Invigorated efforts aimed at protecting North American water resources and championing the physical, emotional, and environmental benefits of living landscapes Invigorated efforts aimed at protecting North American water resources and championing the physical, emotional, and environmental benefits of living landscapes

ScottsMiracle-Gro Launches #ThinkWaterPositive Initiative to Mitigate Water Quantity and Quality Challenges

SMG's Q2 fiscal 2023 sales decreased by 9% to $1.53 billion, with the US consumer segment dropping 2% in sales and Hawthorne segment sales decreasing by 54% to $93 million. The company is undergoing a restructuring initiative, including reducing supply chain networks and staffing levels, with an expected annualized savings of at least $200 million by the end of fiscal 2023. SMG's fiscal 2023 outlook includes a near 100 basis points decline in gross margin rate, mid-single-digit percentage decline in adjusted operating income, and low-single-digit percentage decline in adjusted EBITDA.

The Scotts Miracle-Gro Company Has Shown Some Resilience

Jazz Pharmaceuticals

Do you intend to invest in marijuana stocks in 2023?  Over the last decade, the cannabis industry has grown incredibly, transitioning from a taboo subject to a respectable and wealthy corporate sector. As the global cannabis market grows in 2023, investors' focus will shift to ancillary cannabis stocks, which will be important in supporting and propelling the industry forward.

Top Pharmaceutical And Ancillary Cannabis Stocks For June 2023

Greenlane Holdings

High Tide

Do you plan to buy marijuana stocks in 2023?  The cannabis industry has seen remarkable growth and evolution over the last decade, evolving from a taboo subject to a respectable and lucrative corporate sector. As the global cannabis market expands in 2023, investors' attention will shift to ancillary cannabis stocks, which will play a critical role in supporting and propelling the industry forward.

Best Ancillary Marijuana Stocks To Watch In June

3 Marijuana Stocks To Buy As Volatility Continues For The Sector The post 3 Marijuana Stocks To Better Your Odds Of Making A Profit appeared first on Marijuana Stocks | Cannabis Investments and News. Roots of a Budding Industry.™.

3 Marijuana Stocks To Better Your Odds Of Making A Profit

The Q2 top line of Scotts Miracle (SMG) declines primarily due to weakness in the hydroponic industry, resulting in lower sales of the Hawthorne segment.

Scotts Miracle-Gro (SMG) Q2 Earnings Beat Estimates, Sales Lag

Scotts Miracle-Gro Co.'s stock SMG rose 3.7% in premarket trades on Monday after JPMorgan Chase upgraded the stock to overweight from neutral, partly on lower commodity costs for the fertilizer maker, while keeping its price target at $80 a share. “As a base case, its raw material pressure has come to an end, and the company is poised to receive significant raw material benefits,” analysts said.

Scotts Miracle-Gro stock rises as JPMorgan upgrades stock to overweight from neutral

The Best Anciallry Marijuana Stocks To Know About In 2023 The post 2 Top Marijuana Stocks To Watch To Start The 2nd Week Of May appeared first on Marijuana Stocks | Cannabis Investments and News. Roots of a Budding Industry.™.

2 Top Marijuana Stocks To Watch To Start The 2nd Week Of May

AbbVie

Are These Cannabis Stocks Good Long-Term Positions? The post Top Ancillary And Medical Marijuana Stocks In May 2023 appeared first on Marijuana Stocks | Cannabis Investments and News. Roots of a Budding Industry.™.

Top Ancillary And Medical Marijuana Stocks In May 2023

The Scotts Miracle-Gro Company (NYSE:SMG ) Q2 2023 Earnings Conference Call May 3, 2023 9:00 AM ET Company Participants Aimee DeLuca - Senior Vice President, Investor Relations Jim Hagedorn - Chairman and CEO Matt Garth - Chief Financial Officer Mike Lukemire - President and COO Chris Hagedorn - Division President, Hawthorne Patti Ziegler - Vice President, Global Marketing and Communications Conference Call Participants Chris Carey - Wells Fargo Andrew Carter - Stifel Joe Altobello - Raymond James Bill Chappell - Truist Securities Eric Bosshard - Cleveland Research William Reuter - Bank of America Operator Good morning, and welcome to The Scotts Miracle-Gro Company's Q2 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode.

News for Scotts Miracle-Gro Stock (SMG)