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.

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Earnings data Q1 2025

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

NEW YORK, June 07, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against The Scotts Miracle-Gro Company (“Scotts” or the “Company”) (NYSE: SMG) in the United States District Court for the Southern District of Ohio on behalf of all persons and entities who purchased or otherwise acquired Scotts securities between November 3, 2021, and August 1, 2023, both dates inclusive (the “Class Period”). Investors have until August 2, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

SCOTTS ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against The Scotts Miracle-Gro Company and Encourages Investors to Contact the Firm

NEW YORK, June 07, 2024 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Southern District of Ohio on behalf of all persons and entities who purchased securities of The Scotts Miracle-Gro Company (“Scotts Miracle-Gro” or the “Company”) (NYSE: SMG) between November 3, 2021 and August 1, 2023, inclusive (the “Class Period”).

Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against The Scotts Miracle-Gro Company (SMG)

ATLANTA, June 07, 2024 (GLOBE NEWSWIRE) -- A shareholder class action lawsuit has been filed against The Scotts Miracle-Gro Company (“Scotts” or the “Company”) (NYSE: SMG). The lawsuit alleges that Defendants made materially false and misleading statements and/or failed to disclose material adverse information, including allegations that: (i) Scotts had an oversupply of inventory that far exceeded consumer demand; and (ii) Scotts executives engaged in a scheme to saturate the Company's sales channel with more product than retailers could sell through to end users, a practice that required Scotts sales personnel to pressure retailers to purchase more inventory than they wanted or needed.

Class Action Lawsuit Filed on Behalf of The Scotts Miracle-Gro Company (SMG) Investors – Nationally Ranked Investors' Rights Firm Holzer & Holzer, LLC Encourages Investors With Significant Losses to Contact the Firm

SAN DIEGO--(BUSINESS WIRE)--The suit alleges defendants issued false statements re: Scotts Miracle-Gro business & prospects, resulting in its stock trading at inflated prices.

SMG INVESTOR NOTICE: Robbins Geller Rudman & Dowd LLP Announces that The Scotts Miracle-Gro Company Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

SAN DIEGO, June 06, 2024 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that purchasers of The Scotts Miracle-Gro Company (NYSE: SMG) common stock between November 3, 2021 and August 1, 2023, inclusive (the “Class Period”), have until August 5, 2024 to seek appointment as lead plaintiff of the Scotts Miracle-Gro class action lawsuit. Captioned City of Hialeah Employees' Retirement System v. The Scotts Miracle-Gro Company, No. 24-cv-03132 (S.D. Ohio), the Scotts Miracle-Gro class action lawsuit charges Scotts Miracle-Gro and certain of Scotts Miracle-Gro's top current and former executives with violations of the Securities Exchange Act of 1934.

SMG INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP Announces that The Scotts Miracle-Gro Company Investors with Substantial Losses Have Opportunity to Lead the Scotts Miracle-Gro Class Action Lawsuit

MARYSVILLE, Ohio, June 06, 2024 (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, today updated its guidance for fiscal year 2024 based on financial results through the end of May, which reflects the peak of its Q3 lawn and garden season.

ScottsMiracle-Gro updates fiscal '24 guidance at peak of lawn and garden season

GrowGeneration Corp

Innovative Industrial Properties

The cannabis industry and marijuana stocks in the United States are booming, with recent reports projecting the market to exceed $40 billion by 2025. Ancillary cannabis companies, which provide essential products and services to growers and retailers, play a crucial role in this growth. These companies supply everything from hydroponic equipment to real estate, ensuring the industry runs smoothly. Notably, recent headlines about potential federal legalization have sparked investor interest. This legal shift could open up significant opportunities for ancillary businesses, making them attractive investments.

Top 3 Ancillary Cannabis Stocks to Watch in June

ScottsMiracle-Gro Poised to Advance Cannabis Strategy in New York, Florida and other states ScottsMiracle-Gro Poised to Advance Cannabis Strategy in New York, Florida and other states

ScottsMiracle-Gro Poised to Advance Cannabis Strategy in New York, Florida and other states

Combined Company's footprint will provide access to Florida, New York, Texas, and Pennsylvania, with significant growth potential and future regulatory catalysts in all four states Combined Company expected to leverage Cansortium's robust operating expertise as well as RIV Capital's ~US$66 million 1,2 cash balance, strengthening both its operating and financial position Transaction has the support of ScottsMiracle-Gro, which intends to exchange its existing convertible notes in RIV Capital for a new class of non-voting Exchangeable Shares of Cansortium at closing, eliminating US$175 million 3 of debt TAMPA, Fla. , May 30, 2024 /PRNewswire/ - Cansortium Inc. (CSE: TIUM.U) (OTCQB: CNTMF) ("Cansortium"), a vertically integrated, multi-state cannabis company operating under the FLUENT™ brand, and RIV Capital Inc. (CSE: RIV) (OTC: CNPOF) ("RIV Capital"), a vertically integrated cannabis company operating the EtainTM brand in New York, are pleased to announce that they have entered into a definitive arrangement agreement (the "Arrangement Agreement") pursuant to which Cansortium will acquire all of the issued and outstanding Class A common shares (the "RIV Capital Shares") of RIV Capital in exchange for Cansortium Shares (as defined below) (the "Transaction").

Cansortium and RIV Capital Announce Business Combination

Florida-based Cansortium Inc. said Thursday it agreed to acquire RIV Capital Inc. in an all-stock cannabis company deal that will eliminate $175 million in debt by RIV Capital owner Scotts Miracle-Gro Co.

Scotts Miracle-Gro's RIV Capital to merge with Cansortium in cannabis tie-up

MARYSVILLE, Ohio, May 15, 2024 (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 participate in the William Blair 44th Annual Growth Conference in Chicago on Thursday, June 6, 2024.

ScottsMiracle-Gro to Webcast Presentation at the William Blair 44th Annual Growth Conference on June 6, 2024

Scotts Miracle-Gro (SMG) records lower sales in the Hawthorne segment in Q2 partly resulting from the weakness in the hydroponic industry.

Scotts Miracle-Gro (SMG) Q2 Earnings & Sales Top Estimates

The lawn-care company outpaced analysts' estimates, marking a significant achievement. Its U.S. consumer segment is looking up, but the Hawthorne gardening business remains challenged.

Scotts Miracle-Gro Beats Q2 Expectations

Hydrofarm Holdings Group

The big focus for marijuana stocks and the cannabis industry is reform. Right now there is a major uproar about the recent announcement from the DEA about rescheduling cannabis. The DEA has agreed that they will reschedule cannabis to a class 3. Now at first, this came as a shock as this has been a hard-fought battle. At this time it also created a rise in trading for most marijuana stocks.

Marijuana Stocks To Watch As The DEA Works To Reschedule Cannabis

The Scotts Miracle-Gro Company (NYSE:SMG ) Q2 2024 Earnings Conference Call May 1, 2024 9:00 AM ET Company Participants Aimee DeLuca - Senior Vice President of Investor Relations Jim Hagedorn - Chairman, President, & Chief Executive Officer Matt Garth - Chief Financial & Administrative Officer Nate Baxter - Chief Operating Officer Chris Hagedorn - Group President, Hawthorne Joshua Miles - Director Global Procurement at Hawthorne Gardening Conference Call Participants Jon Andersen - William Blair Andrew Carter - Stifel Joe Altobello - Raymond James Peter Grom - UBS William Reuter - Bank of America Eric Boohard - Cleveland research Operator Good morning. Welcome to Scotts Miracle-Gro's Second Quarter 2024 Earnings Webcast.

The Scotts Miracle-Gro Company (SMG) Q2 2024 Earnings Call Transcript

The headline numbers for Scotts (SMG) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Scotts (SMG) Reports Q2 Earnings: What Key Metrics Have to Say

Scotts Miracle-Gro (SMG) came out with quarterly earnings of $3.69 per share, beating the Zacks Consensus Estimate of $3.35 per share. This compares to earnings of $3.78 per share a year ago.

Scotts Miracle-Gro (SMG) Beats Q2 Earnings and Revenue Estimates

MARYSVILLE, Ohio, May 01, 2024 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE: SMG), the world's largest marketer of branded consumer lawn and garden as well as a leader in indoor and hydroponic growing products, today announced its results for the second quarter ended March 30, 2024.

ScottsMiracle-Gro Reports Second Quarter Results

Scotts (SMG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Scotts Miracle-Gro (SMG) Expected to Beat Earnings Estimates: Should You Buy?

The Central Ohio Beekeepers Association (COBA) has partnered with ScottsMiracle-Gro brand Ortho®, to establish an apiary at the Company's headquarters.

ScottsMiracle-Gro Partners with Central Ohio Beekeepers Association to Establish Apiary at Corporate Headquarters

MARYSVILLE, Ohio, April 22, 2024 (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 release its second quarter financial results on Wednesday, May 1, 2024, prior to the opening of the U.S. financial markets. The Company will host a video presentation via webcast at 9:00 a.m. ET to discuss those results. The webcast will be followed by an audio question-and-answer session.

ScottsMiracle-Gro Announces Timing of Second Quarter 2024 Financial Results and Webcast

Scotts (SMG) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Scotts (SMG) Upgraded to Buy: Here's What You Should Know

Agrify

Marijuana stock investors have been able to see better trading over the last several months. Much of this is due to speculation of what is to happen in the cannabis industry. Currently, more than 50% of America has legalized cannabis. Even though marijuana is still federally illegal states are reaching revenues in the billions. This is just the start as regulations and laws continue to shift as investors hope to see a stronger sector.

Marijuana Stocks To Watch 3 Popular Cannabis Companies

In the second quarter, Scotts Miracle-Gro (SMG) records near-record retail shipments, with year-to-date POS units trending at mid-teens percentage growth compared to the last year.

ScottsMiracle-Gro (SMG) Issues Fiscal Second-Quarter Updates

Scotts Miracle-Gro's shares have rallied 22% and exceeded expectations, indicating a potential turn in the business and increased market share. The company's operational update shows impressive sales growth despite difficult industry conditions, suggesting a durable recovery. SMG's balance sheet and debt reduction efforts are improving, positioning the company for future growth and upside surprises.

News for Scotts Miracle-Gro Stock (SMG)