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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ScottsMiracle-Gro (SMG) expects positive growth in its U.S. Consumer segment in fiscal 2021.

ScottsMiracle-Gro (SMG) Updates Outlook for U.S. Consumer Unit

MARYSVILLE, Ohio, March 01, 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, announced this morning it now expects to report positive growth in its U.S. Consumer segment, an increase from its previous sales guidance of flat to minus 5 percent on the fiscal year.

ScottsMiracle-Gro Provides Update to its Fiscal 2021 Outlook for the U.S. Consumer Segment

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MARYSVILLE, Ohio, Feb. 23, 2021 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE: SMG), one of the world's leading marketers of branded consumer lawn and garden products, will participate virtually at the 42nd Annual Raymond James Institutional Conference on Monday, March 1, 2021. Interim Chief Financial Officer Cory Miller and Executive Vice President Jim King will conduct a virtual fireside chat facilitated by Raymond James & Associates beginning 8:20 a.m. (ET). They will update investors on recent business trends as well as long-term strategies.

ScottsMiracle-Gro to Present Virtually at the 42nd Annual Raymond James Institutional Conference

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MARYSVILLE, Ohio, Feb. 17, 2021 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE: SMG), one of the world's leading marketers of branded consumer lawn and garden products, will participate virtually at the 2021 Truist Securities Consumer Symposium on Tuesday, February 23, 2021. Interim Chief Financial Officer Cory Miller and Executive Vice President Jim King will conduct a virtual fireside chat facilitated by Truist Securities beginning 3:00 p.m. (ET). They will update investors on recent business trends as well as long-term strategies.

ScottsMiracle-Gro to Present Virtually at the 2021 Truist Securities Consumer Symposium

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SMG stock is a slow and steady growth story, and recent data underscores the company's surprising year-over-year fiscal improvement. The post Q1 Blowout Proves the Staying Power of Scotts Miracle-Gro appeared first on InvestorPlace.

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Scotts Miracle-Gro reported its first first-quarter profit, and the stock is up more than 7% for the week.

Scotts Miracle-Gro's first Super Bowl ad is part of an effort to keep new customers acquired during COVID

Scotts Miracle-Gro (SMG) Q1 results benefit from continued momentum in Hawthorne and strong retailer support in U.S. Consumer.

Scotts Miracle-Gro (SMG) Tops Q1 Earnings and Sales Estimates

Scotts Miracle-Gro saw an improvement in its IBD SmartSelect Composite Rating Thursday, from 91 to 96. The post Stocks With Rising Composite Ratings: Scotts Miracle-Gro appeared first on Investor's Business Daily.

Stocks With Rising Composite Ratings: Scotts Miracle-Gro

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Scotts Miracle-Gro's first-ever Super Bowl ad aimed at boosting pandemic momentum, CEO says

The Scotts Miracle-Gro Company (SMG) CEO Jim Hagedorn on Q1 2021Results - Earnings Call Transcript

With a history stretching back to 1868, ScottsMiracle-Gro (NYSE: SMG) is hardly an unknown entity. The Marysville, Ohio-based company is buying its first Super Bowl TV ad, scheduled to run Sunday during football's biggest game, which will also serve as the start of a new eight-week campaign to stay connected with a new wave of consumers.

ScottsMiracle-Gro Kicks Off Marketing Campaign With All-Star Super Bowl Ad

Scotts (SMG) delivered earnings and revenue surprises of 153.42% and 21.53%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Scotts Miracle-Gro (SMG) Q1 Earnings and Revenues Beat Estimates

Scotts Miracle-Gro Co. reported its first-ever fiscal first-quarter profit and sales that reached a record. Shares rose 3.3% in Wednesday premarket trading.

Scotts Miracle-Gro reports first-ever Q1 profit, will air first Super Bowl ad

Shares of Scotts Miracle Gro (NYSE:SMG) moved higher by 0.2% in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share rose 134.82% over the past year to $0.39, which may not compare to the estimate of ($0.76).

Scotts Miracle-Gro: Q1 Earnings Insights

Company reports first-ever profit for fiscal first quarter Full year sales guidance increased; Non-GAAP adjusted EPS guidance reaffirmed

ScottsMiracle-Gro Announces Record First Quarter Results; U.S. Consumer Sales Increase 147%, Hawthorne Sales Rise 71%

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ScottsMiracle-Gro Unveils Bright and Sunny Super Bowl Spot to Inspire Consumers to ‘Keep Growing'

MARYSVILLE Ohio, Jan. 29, 2021 (GLOBE NEWSWIRE) -- ScottsMiracle-Gro has initiated a consumer advisory for certain Miracle-Gro® Raised Bed Soil, Nature's Care® Raised Bed Soil, and Miracle-Gro® Performance Organics® In-Ground Soil produced at one of our Michigan facilities between May 15, 2020 and June 4, 2020 and is replacing them with new products. This voluntary action is being undertaken in cooperation with the Michigan Department of Agriculture and Rural Development.

Consumer Safety Advisory: ScottsMiracle-Gro Alerts Consumers of Potential Debris in Certain Soil Products; Launches Effort to Remove Existing Inventory for Michigan Retail Outlets

News for Scotts Miracle-Gro Stock (SMG)