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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MARYSVILLE, Ohio, April 20, 2021 (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 second quarter financial results on Wednesday, May 5, 2021, 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 Second Quarter 2021 Financial Results and Conference Call

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Here's How Much a $1000 Investment in Scotts Miracle-Gro Made 10 Years Ago Would Be Worth Today

Scotts Miracle-Gro has seen strong demand for its products over the past 12 months, and I see that continuing for the foreseeable future. The fast-growing Hawthorne unit shows a lot of promise, and SMG recently opened a cannabis R&D facility in Canada.

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ScottsMiracle-Gro (SMG) now expects company-wide sales growth of 8-12% for fiscal 2021, up from the previous guidance of 1-6%.

ScottsMiracle-Gro (SMG) Updates Outlook for Fiscal 2021

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Company increases Fiscal 2021 outlook for sales and adjusted earnings per share Company increases Fiscal 2021 outlook for sales and adjusted earnings per share

ScottsMiracle-Gro Provides Update to Full-Year Financial Guidance; Outlines Strategic Priorities During Investor Day Event

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MARYSVILLE, Ohio, April 05, 2021 (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, will host a virtual Investor & Analyst Day on Thursday, April 8, 2021, beginning at 9:00 a.m. ET.

LAST CALL: Register for ScottsMiracle-Gro's Virtual Investor & Analyst Day on April 8

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MARYSVILLE, Ohio, March 29, 2021 (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, will host a virtual Investor & Analyst Day on Thursday, April 8, 2021, beginning at 9:00 a.m. ET.

Reminder: Register for ScottsMiracle-Gro's Virtual Investor & Analyst Day on April 8

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MARYSVILLE, Ohio, March 23, 2021 (GLOBE NEWSWIRE) -- Water quality is one of the most critical environmental issues facing Long Island today. Rising temperatures, stormwater runoff and excess nitrogen are creating algal blooms that disrupt the health of the entire ecosystem. In an effort to help residents do their part to address the issue, today Scotts® introduced Turf Builder® Long Island Lawn Food, an innovation aimed at helping residents care for their lawns sustainably while protecting local water quality.

Scotts® expands commitment to Long Island water quality with Turf Builder® Long Island Lawn Food designed to help local residents protect water

Funding will support nonprofit innovation and programming aimed at protecting water quality for The Everglades and The Long Island Sound, two of America's most treasured waterbodies Funding will support nonprofit innovation and programming aimed at protecting water quality for The Everglades and The Long Island Sound, two of America's most treasured waterbodies

The Scotts Miracle-Gro Foundation announces the first recipients of its Water Stewardship Grant in honor of World Water Day

MARYSVILLE, Ohio, March 17, 2021 (GLOBE NEWSWIRE) -- As families across America begin to recover from one of our nation's most difficult years, The Scotts Miracle-Gro Company aims to bring the power of gardening and time outdoors to more children as a way to provide comfort and moments of joy to those who need it most. Today, the company announced it is halfway to its enterprise-wide commitment of connecting 10 million children to the benefits of gardening and outdoor play by 2023 and will increase its efforts in the years to come.

The Scotts Miracle-Gro Company celebrates connecting 5 million children to gardening and outdoor play through its GroMoreGood initiative

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Scotts Miracle-Gro saw its IBD SmartSelect Composite Rating jump to 96 Monday, up from 93 the day before. The post Scotts Miracle-Gro Sees Composite Rating Jump To 96 As Spring Nears appeared first on Investor's Business Daily.

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MARYSVILLE, Ohio, March 11, 2021 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE: SMG) announced today the pricing of its offering of $500 million aggregate principal amount of 4.000% senior notes due 2031 (the “Senior Notes”). The offering of the Senior Notes has not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws, and the Senior Notes may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws. The sale of the Senior Notes is subject to customary closing conditions and is expected to close on March 17, 2021.

The Scotts Miracle-Gro Company Announces Pricing of $500 Million Aggregate Principal Amount of Senior Notes due 2031

MARYSVILLE, Ohio, March 09, 2021 (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, will host a virtual Investor & Analyst Day on Thursday, April 8, 2021, beginning at 9:00 a.m. ET.

News for Scotts Miracle-Gro Stock (SMG)