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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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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MARYSVILLE, Ohio, June 13, 2022 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE: SMG), one of the world's leading marketers of branded consumer lawn and garden as well as hydroponic and indoor growing products, announced today that The Honorable Brian Sandoval has been named to its Board of Directors.

ScottsMiracle-Gro Announces the Appointment of Governor Brian Sandoval to its Board of Directors

The Scotts Miracle-Gro Company (NYSE: SMG) dropped 15% after the leader in the marketing of branded consumer garden, and lawn products stated that consumer sales of its lead garden and lawn brands surged in May as unit volume trends towards the firm's original guidance for the season. Despite the increase in purchases, the company said […] The post Here is why The Scotts Miracle-Gro Company dipped 15% appeared first on Invezz.

Here is why The Scotts Miracle-Gro Company dipped 15%

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Scotts Miracle-Gro Down 10% On Profit Warning

ScottsMiracle-Gro's (SMG) adjusted earnings per share are now projected between $4.50 to $5.

ScottsMiracle-Gro (SMG) Lowers Sales and EPS Outlook for FY22

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Scotts Miracle-Gro cut its sales and earnings guidance for the year, despite strong consumer retail sales.

Why Scotts Miracle-Gro Stock Is Wilting Today

The Scotts Miracle-Gro Company (NYSE: SMG) shares are trading lower after the company cut its FY22 EPS guidance below analyst estimates.  The company now expects 2022 earnings per share to be between $4.50 and $5.00 versus the consensus estimate of $7.01.

Why Scotts Miracle-Gro Company Shares Are Falling

Shares of Scotts Miracle-Gro fell 13% in premarket trading Wednesday, after the maker of lawn and garden care products lowered its 2022 guidance for both profit and sales.

Scotts Miracle-Gro Stock Falls on Weak Guidance

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Premarket Movers: Scotts Miracle-Gro, Corteva, Roku Cl A

Scotts Miracle-Gro Co. SMG, +2.07% shares fell 12% in premarket trades Wednesday after the lawn and garden specialist said it now expects 2022 adjusted earnings of $4.50 a share to $5 a share, below the current analyst target of $6.95 a share in a survey by FactSet. U.S. consumer sales are expected to decline by 4% to 6%.

Scotts Miracle-Gro shares drop on profit warning

MARYSVILLE, Ohio, June 08, 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, said consumer purchases of its core lawn and garden brands surged in May with unit volume now trending towards the Company's original assumptions for the season. However, a variety of factors prompted the Company to lower its outlook for both sales and adjusted earnings for fiscal 2022.

ScottsMiracle-Gro Reduces Outlook for Sales and Non-GAAP Adjusted EPS Despite Strong Recovery in Consumer Lawn & Garden Participation

Scotts (SMG) reported earnings 30 days ago. What's next for the stock?

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News for Scotts Miracle-Gro Stock (SMG)