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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Cronos Group

Scotts Miracle-Gro Co. SMG, +6.45% and Cronos Group Inc. CRON, +5.90% both announced new chief financial officers in separate moves on Monday by the two cannabis-oriented companies. Fertilizer and cultivation equipment specialist Scotts Miracle-Gro named Matthew Garth as executive vice president and chief financial officer, effective Dec. 1.

Cannabis-focused Scotts Miracle-Gro, Cronos both hire new chief financial officers

MARYSVILLE, Ohio, Nov. 14, 2022 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE: SMG), the world's largest marketer of branded consumer lawn and garden products as well as indoor and hydroponic growing products, announced today that Matthew Garth has been named executive vice president and chief financial officer, effective December 1, 2022.

ScottsMiracle-Gro Names Matthew Garth as CFO

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Scotts Miracle-Gro (SMG) sees lower sales across its major segments in the fiscal fourth quarter.

Scotts Miracle-Gro (SMG) Misses Q4 Earnings and Sales Estimates

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Why Scotts Miracle-Gro Stock Jumped Today

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MARYSVILLE, Ohio, Nov. 07, 2022 (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 its Board of Directors has nominated Edith Avilés to stand for election to the Board at the upcoming 2023 Annual Meeting of Shareholders.

ScottsMiracle-Gro Announces Nomination of Edith Avilés to Board of Directors and Planned Retirement of Board Member Brian Finn

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Investors are still digesting this week's earnings report.

Why Scotts Miracle-Gro Stock Was Up 8% on Thursday

Investors struggled to interpret the latest earnings report.

Why Scotts Miracle-Gro Stock Was Volatile Today

The Scotts Miracle-Gro Company (NYSE:SMG ) Q4 2022 Earnings Conference Call November 2, 2022 9:00 AM ET Company Participants Kelly Berry - Vice President of Consumer Finance Jim Hagedorn - Chairman & CEO Dave Evans - CFO Michael Lukemire - President & COO Conference Call Participants William Reuter - Bank of America Merrill Lynch Jeffrey Zekauskas - JPMorgan Carla Casella - JPMorgan Eric Bosshard - Cleveland Research Chris Carey - Wells Fargo Securities Operator Good day and welcome to the Q4, 2022 Scotts Miracle-Gro Company Earnings Conference Call. All participants will be in a listen-only mode.

The Scotts Miracle-Gro Company (SMG) Q4 2022 Earnings Call Transcript

Scotts (SMG) delivered earnings and revenue surprises of -0.99% and 6.41%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Scotts Miracle-Gro (SMG) Reports Q4 Loss, Lags Revenue Estimates

Scotts Miracle-Gro Co. SMG, +0.98% said Wednesday its fourth-quarter loss widened to $220.1 million, or $3.97 a share, from a loss of $47.8 million, or 86 cents a share, in the year-ago quarter. Its adjusted loss in the latest quarter was $2.04 a share.

Scotts Miracle-Gro posts wider-than-expected loss, plans more cost-cutting

Company meets FY 2022 EPS, free cash flow guidance

ScottsMiracle-Gro Announces Full-Year Sales and Earnings in Line with Guidance; Launches Phase Two of Project Springboard to Realize Further Cost Savings

Scotts (SMG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Will Scotts (SMG) Beat Estimates Again in Its Next Earnings Report?

An upcoming earnings report might show more bad news on the profit front.

Why Scotts Miracle-Gro Stock Was Down on Monday

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ScottsMiracle-Gro Announces Timing of Fourth Quarter 2022 Financial Results and Conference Call MAR, Oct. 19, 2022 (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 fourth quarter financial results on Wednesday, November 2, 2022, 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 Fourth Quarter 2022 Financial Results and Conference Call

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Scotts Miracle-Gro is now very cheap compared to where it was trading at last year. Recent positives around potential steps towards cannabis legalization put SMG's Hawthorne unit in position to succeed.

Scotts Miracle-Gro Is A Bargain But May Not Be Right For Everyone

Shares of The Scotts Miracle-Gro Company have been crushed by poor operating performance due to a normalization of gardening activity and significant over-capacity in its marijuana unit. The consumer unit is showing some signs of nearing a trough, with retailer inventories falling and consumer purchasing trends improving.

Scotts Miracle-Gro Has Upside Even Without A Marijuana Recovery

Yet again, this agriculture stock failed to flourish last month.

Why Shares of Scotts Miracle-Gro Plummeted 36% in September

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Why Scotts Miracle-Gro Stock Was Withering Today

Investors have a bleaker outlook on the business today.

News for Scotts Miracle-Gro Stock (SMG)