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 04, 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 announced that it expects to achieve a second-quarter net leverage ratio around 7 times adjusted EBITDA. This will be below the Company's first-quarter net leverage ratio and its second-quarter maximum of 7.75 times.

ScottsMiracle-Gro Provides Update on Fiscal 2024 Second Quarter

WESTERVILLE, Ohio, April 01, 2024 (GLOBE NEWSWIRE) -- Doodles and Digits and The Scotts Miracle-Gro Foundation announced a partnership to underwrite the television debut of the acclaimed "How It's Math" program on Public Television. Set to premiere this April in celebration of Mathematical Awareness Month, the show will explore the fascinating world of mathematics in different careers and industries.

The Scotts Miracle-Gro Foundation and Doodles and Digits Partner to Bring "How It's Math" to Public Television

Scotts Miracle-Gro's (SMG) subsidiary, Hawthorne Gardening, partners with BFG Supply to distribute its cultivation supplies and strengthen its position in the hydroponics market.

Scotts (SMG) Subsidiary Teams With BFG for Hydroponic Growth

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Raymond James on Monday cut its rating on Scott's Miracle-Gro Co. to market perform from strong buy after a runup in its stock price has left the company at roughly fair-market value.

Cannabis rally pushes Scott's Miracle Gro to ‘fair value' level: analyst

Move enables Hawthorne to bolster focus on innovation and investment in its proprietary Signature brands BFG's national distribution network and high-quality customer support model bring a new level of service for customers MARYSVILLE, Ohio, March 20, 2024 (GLOBE NEWSWIRE) -- The Hawthorne Gardening Company, a wholly-owned subsidiary of The Scotts Miracle-Gro Company, and BFG Supply, a leading national horticultural and agricultural product distributor, today announced the formation of a strategic partnership under which BFG will distribute Hawthorne's proprietary Signature brand cultivation supplies and solutions. The partnership is a key element of both companies' broader strategies to capitalize on growth opportunities within the hydroponic products industry and deliver value-accretive solutions to growers.

Hawthorne and BFG Supply Forge Strategic Distribution Partnership

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

Why Is Scotts (SMG) Up 15.9% Since Last Earnings Report?

MARYSVILLE, Ohio, March 07, 2024 (GLOBE NEWSWIRE) -- Developed through The Scotts Miracle-Gro Foundation and The Hagedorn Legacy Foundation, The Legacy Project is proud to welcome its fourth cohort for the class of 2027. Its mission is to empower youth, through possibility thinking and innovative problem-solving, for greater personal freedom, social mobility, and the betterment of their communities.

The Scotts Miracle-Gro Foundation Welcomes its Fourth Class of Students to The Legacy Project

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The cannabis sector since the start of 2024 has been building up its momentum slowly. Now this momentum has come in waves but it has still led to some form of rise in trading for marijuana stocks. With the Presidential race underway, there is the chance to see some campaign promises surrounding cannabis. Which in turn can be big for those who are investing in cannabis stocks. Often when there is news or anything involving politics regarding cannabis it can help bring in some momentum for marijuana stocks.

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MARYSVILLE, Ohio, Feb. 27, 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 fireside chats at the Raymond James & Associates 45th Annual Institutional Investors Conference on Monday, March 4, and the UBS Global Consumer and Retail Conference on Wednesday, March 13, 2024.

ScottsMiracle-Gro at Raymond James and UBS investor conferences in March; Fireside chats featuring Matt Garth to be available via webcast

Many marijuana stocks still trade with high levels of volatility. Even as 2024 is still just getting underway. So far over the last 6-8 weeks, there has been an increase in price fluctuation. To be fair much of the rise in trading at the end of December was based on the start of 2024. The reason for this is speculation. When investors believe that something big will happen they will tend to search for marijuana stocks to buy.

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Scotts Miracle-Gro (SMG) sees a 39% drop in Hawthorne sales in Q1 on sustained pressure on the indoor and hydroponic industry and its move to restructure the business.

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

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The Scotts Miracle-Gro Company (SMG) Q1 2024 Earnings Call Transcript

The headline numbers for Scotts (SMG) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Scotts (SMG) Reports Q1 Earnings: What Key Metrics Have to Say

Scotts Miracle-Gro (SMG) came out with a quarterly loss of $1.45 per share versus the Zacks Consensus Estimate of a loss of $1.62. This compares to loss of $1.02 per share a year ago.

Scotts Miracle-Gro (SMG) Reports Q1 Loss, Lags Revenue Estimates

MARYSVILLE, Ohio, Feb. 07, 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 first quarter ended December 30, 2023.

ScottsMiracle-Gro Reports First Quarter Results

Beyond analysts' top -and-bottom-line estimates for Scotts (SMG), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2023.

Countdown to Scotts (SMG) Q1 Earnings: Wall Street Forecasts for Key Metrics

MARYSVILLE, Ohio, Feb. 05, 2024 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Foundation and the Alliance for Water Efficiency (AWE) have announced an extension of their partnership that will support research to improve the efficiency of lawns and other landscapes. The grant helps to fund environmental programs through December 2025.

The Scotts Miracle-Gro Foundation and Alliance for Water Efficiency Partner to Support Water Usage Research and Education

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MARYSVILLE, Ohio, Jan. 30, 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 announced that Nancy Mistretta has retired from its Board of Directors.

ScottsMiracle-Gro Announces Retirement of Nancy Mistretta from Board of Directors

MARYSVILLE, Ohio, Jan. 29, 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 first quarter financial results on Wednesday, February 7, 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. EST to discuss those results. The webcast will be followed by an audio question-and-answer session.

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

The ancillary cannabis stocks are a key area to watch, especially as we approach February 2024. This sector includes companies not directly involved in cannabis cultivation or sales, but supporting these core activities. Notably, the cultivation and hydroponic side of cannabis is gaining traction. These companies provide vital equipment, technologies, and services for efficient cannabis growth. This is crucial in a market where quality and yield can directly influence success. The hydroponic industry, in particular, is thriving due to its efficiency and sustainability in cannabis production. These advancements are vital for the cannabis industry, which continues to grow amidst evolving regulations and increasing acceptance.

News for Scotts Miracle-Gro Stock (SMG)