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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Updates Fiscal 2022 Free Cash Flow Outlook; Reaffirms Full-year Earnings Guidance Updates Fiscal 2022 Free Cash Flow Outlook; Reaffirms Full-year Earnings Guidance

ScottsMiracle-Gro Names Board Member and Former Chief Financial Officer David Evans Interim CFO

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Scotts Miracle-Gro is in a very tough spot as the stock is down 50% year-to-date. Management has admitted that mistakes were made given the steep decline in sales and weak margins.

Scotts Miracle-Gro: Deep Value And Takeover Thoughts

The lawn and garden care company delivered a disappointing set of earnings in a key time period.

Why Shares in ScottsMiracle-Gro Slumped Today

Scotts Miracle-Gro (SMG) sees lower-than-expected sales in the U.S. Consumer segment and sustained pressure on sales in the Hawthorne unit in Q3.

Scotts Miracle-Gro (SMG) Q3 Earnings Beat Estimates, Sales Miss

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The Scotts Miracle-Gro Company (NYSE:SMG ) Q3 2022 Earnings Conference Call August 3, 2022 9:00 AM ET Company Participants Kelly Berry - Vice President of Consumer Finance Chris Hagedorn - Division President Jim Hagedorn - Chairman & Chief Executive Officer Cory Miller - Executive Vice President & Chief Financial Officer Michael Lukemire - President & Chief Operating Officer Conference Call Participants Chris Carey - Wells Fargo Securities Peter Grom - UBS William Reuter - Bank of America Bill Chappell - Truist Securities Joe Altobello - Raymond James Jon Andersen - William Blair Gaurav Jain - Barclays Eric Bosshard - Cleveland Research Carla Casella - JPMorgan Andrew Carter - Stifel Operator Good day and welcome to The Scotts Miracle-Gro Company's Third Quarter Earnings Conference Call. As a reminder, today's call is being recorded.

The Scotts Miracle-Gro Company (SMG) CEO Jim Hagedorn on Q3 2022 Results - Earnings Call Transcript

Shares of the lawn care and hydroponics company got hit after it reported earnings, which weren't very good. The outlook was even worse.

Why Scotts Miracle-Gro Shares Dropped as Much as 7.5% Today

Scotts (SMG) delivered earnings and revenue surprises of 16.47% and 1.14%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Scotts Miracle-Gro (SMG) Q3 Earnings Top Estimates

Scotts Miracle-Gro Co. SMG, -0.78% said Wednesday it swung to a third-quarter loss of $443.9 million, or $8.01 a share, from net income of $225.9 million, or $4.05 a share, in the year-ago quarter. Sales fell 26% to $1.19 billion.

Scotts Miracle-Gro swings to a loss in 'complicated' quarter as sales fall 26%

Company reduces full-year sales and earnings outlook Company reduces full-year sales and earnings outlook

ScottsMiracle-Gro Announces Third Quarter Financial Results; Introduces Project Springboard to Enhance Shareholder Value

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Scotts Miracle-Gro shares have been the victim of a deep double-digit valuation slash over the last year, with sellers remaining in complete control.

Bear of the Day: Scotts Miracle-Gro

Scotts Miracle-Gro Co. SMG, -0.83% fell 0.7% on Friday after UBS downgraded the lawn care and cannabis growing equipment company to neutral from hold and cut its price target to $92 a share from $125 a share. "We believe limited top/bottom line recovery coupled with a levered balance sheet.

UBS downgrades Scotts Miracle-Gro to neutral

MARYSVILLE, Ohio, July 21, 2022 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE SMG), one of the world's largest marketers of branded consumer lawn and garden products, will release its third quarter financial results on Wednesday, August 3, 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 Third Quarter 2022 Financial Results and Conference Call

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Why Shares of Scotts Miracle-Gro Fell 16.5% in June

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