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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ScottsMiracle-Gro (SMG) projects Hawthorne sales to fall 15-25%, including the benefit of acquisitions, led by an oversupply of cannabis.

ScottsMiracle-Gro (SMG) Lowers Hawthorne Sales and EPS Outlook

Shares of Scotts Miracle-Gro Co. SMG, -4.84% dove 3.8% toward a near two-year low in premarket trading Tuesday, after the lawn care company, with its hands in the cannabis business, warned of lower-than-expected full-year profit give a surprise anticipated decline in Hawthorne sales. The company said it now expects fiscal 2022 sales for its Hawthorne business to decline 15% to 25% from a year ago, compared with previously provided guidance for growth of 8% to 12%.

Scotts Miracle-Gro stock drops after cutting outlook for profit and Hawthorne sales

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MARYSVILLE, Ohio, Feb. 23, 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 present at Raymond James & Associates' 43rd Annual Institutional Investors Conference on Tuesday, March 8, 2022, beginning at 8:40 a.m. EST. Chief Financial Officer Cory Miller and Executive Vice President Jim King will also conduct a virtual fireside chat at the UBS Global Consumer and Retail Conference on Wednesday, March 9, 2022, beginning at 2:00 p.m. EST.

ScottsMiracle-Gro to Present at the 43rd Annual Raymond James Institutional Conference as well as the UBS Global Consumer and Retail Conference

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ScottsMiracle-Gro earns 100 on the Human Rights Campaign Foundation's annual assessment of LGBTQ+ workplace equality ScottsMiracle-Gro earns 100 on the Human Rights Campaign Foundation's annual assessment of LGBTQ+ workplace equality

The Scotts Miracle-Gro Company Earns Top Score in Human Rights Campaign Foundation's 2022 Corporate Equality Index

The Scotts Miracle-Gro Company SMG  announced the expiration and results of its previously announced registered exchange offer to exchange any and all of its $500 million aggregate principal amount of 4.000% senior notes due 2031. The notes were issued in a private placement on March 17, 2021, for an equal principal amount of its 4.000% senior notes due 2031, which have been registered under the Securities Act of 1933, as amended.

The Scotts Miracle-Gro Company Reports Expiration And Results Of $500M Exchange Offer For 4.000% Senior Notes

Scotts Miracle-Gro SMG  announced the expiration and results of its previously announced registered exchange offer to exchange any and all of its $500 million aggregate principal amount of 4.000% senior notes due 2031. The notes were issued in a private placement on March 17, 2021, for an equal principal amount of its 4.000% senior notes due 2031, which have been registered under the Securities Act of 1933, as amended.

Scotts Miracle-Gro Reports Expiration And Results Of $500M Exchange Offer For 4.000% Senior Notes

MARYSVILLE, Ohio, Feb. 04, 2022 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE: SMG) today announced the expiration and results of its previously announced registered exchange offer to exchange any and all of its $500,000,000 aggregate principal amount of 4.000% Senior Notes due 2031, which were issued in a private placement on March 17, 2021 (the “Original Notes”), for an equal principal amount of its 4.000% Senior Notes due 2031, which have been registered under the Securities Act of 1933, as amended (the “Exchange Notes”).

The Scotts Miracle-Gro Company Announces Expiration and Results of Exchange Offer for 4.000% Senior Notes due 2031

Scotts Miracle-Gro has fallen out of favor with investors as consumer sentiment has shifted away from gardening activities. Management is taking the opportunity to restructure the business, and is positioning the Hawthorne unit for a turnaround.

Why Scotts Miracle-Gro Is Now Dirt Cheap

Scotts Miracle-Gro's (SMG) Q1 results are impacted by lower sales in the U.S. Consumer and Hawthorne segments.

Scotts Miracle-Gro (SMG) Q1 Earnings Lag Estimates, Sales Beat

MARYSVILLE, Ohio, Feb. 01, 2022 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE: SMG), issued a clarification following its first quarter earnings conference call with the investment community regarding the expected performance of the Hawthorne segment in the second fiscal quarter.

ScottsMiracle-Gro Clarifies Comments Made During First Quarter Conference Call

Scotts Miracle-Gro Co. SMG announced its financial results for fiscal first quarter with company-wide sales in the quarter decreased 24% to $566.0 million, down 24% from $748.6 million a year ago. The company also announced plans to restructure its hydroponic subsidiary Hawthorne after sales dropped following quarters of huge growth.

Scotts Miracle-Gro Studies Growth Opportunities And Potential Spin-Off For Hawthorne

The Scotts Miracle-Gro Company (SMG) CEO Jim Hagedorn on Q1 2022 Results - Earnings Call Transcript

Scotts Miracle-Gro swung to a loss and eliminated 200 jobs at its Hawthorne cannabis grow unit, but it beat Wall Street's sales target and said it will raise prices to boost its business/

Cannabis Watch: Scotts Miracle-Gro swings to a loss and studies Hawthorne cannabis spinoff

We were expecting some strength in the Scotts-Miracle Gro (NYSE: SMG) earnings report and we got some albeit a lot weaker strength than what we were looking for. Based on the market's reaction, it too was looking for more in the results but there is something to take note of.

Scotts-Miracle Gro Looks Buyable After Q1 Earnings

Scotts Miracle-Gro Company SMG announced financial results for its fiscal first quarter highlighted by a profitable quarter in the U.S. Consumer segment for only the second time in company history. Company-wide sales in the quarter decreased 24% to $566.0 million, consistent with a pre-announcement of expected results issued on January 4.

ScottsMiracle-Gro: First Quarter Results, Increases Full-Year Sales Outlook for U.S. Consumer Segment

Scotts Miracle-Gro Co. SMG, +3.18% reported a fiscal first-quarter net loss of $50 million, or 90 cents per share, after net income of $24.4 million, or 43 cents per share, last year. Adjusted loss of 88 cents was below the FactSet consensus for a loss of 73 cents per share.

Scotts Miracle-Gro to raise prices after swinging to a loss

Restructuring of Hawthorne manufacturing footprint announced in effort to drive efficiencies and improve competitive position by reducing costs of LED lighting units Restructuring of Hawthorne manufacturing footprint announced in effort to drive efficiencies and improve competitive position by reducing costs of LED lighting units

ScottsMiracle-Gro Announces First Quarter Results; Increases Full-Year Sales Outlook for U.S. Consumer Segment

MARYSVILLE, Ohio, Jan. 28, 2022 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE: SMG) today announced that it has extended its registered exchange offer to exchange any and all of its $500,000,000 aggregate principal amount of 4.000% Senior Notes due 2031, which were issued in a private placement on March 17, 2021, for an equal principal amount of its 4.000% Senior Notes due 2031, which have been registered under the Securities Act of 1933, as amended.

News for Scotts Miracle-Gro Stock (SMG)