Core Insights - The Scotts Miracle-Gro Company has appointed Nick Miaritis to its Board of Directors, reflecting a strategic move to enhance its marketing capabilities and consumer engagement [1][2][3] Group 1: Appointment Details - Nick Miaritis is currently the chief client officer at VaynerMedia, where he leads brand partnerships and growth opportunities [2] - Miaritis has a strong background in creating impactful marketing campaigns for major brands, including Duracell and Planters [2] - His appointment comes after the retirement of Tom Kelly, who served on the Board for nearly 20 years and chaired the innovation committee [2][3] Group 2: Company Overview - Scotts Miracle-Gro is the largest marketer of branded consumer lawn and garden products, with approximately $3.6 billion in sales [4] - The company's well-known brands include Scotts®, Miracle-Gro®, and Ortho®, which are leaders in their respective categories [4] - The Hawthorne Gardening Company, a wholly-owned subsidiary, specializes in indoor and hydroponic growing products [4]

For the quarter ended December 2024, Scotts Miracle-Gro (SMG) reported revenue of $416.8 million, up 1.6% over the same period last year. EPS came in at -$0.89, compared to -$1.45 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $393.42 million, representing a surprise of +5.94%. The company delivered an EPS surprise of +30.47%, with the consensus EPS estimate being -$1.28.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings ...

Group 1 - Scotts Miracle-Gro reported a quarterly loss of $0.89 per share, better than the Zacks Consensus Estimate of a loss of $1.28, and an improvement from a loss of $1.45 per share a year ago, resulting in an earnings surprise of 30.47% [1] - The company posted revenues of $416.8 million for the quarter ended December 2024, exceeding the Zacks Consensus Estimate by 5.94%, and showing an increase from $410.4 million in the same quarter last year [2] - Scotts shares have increased approximately 14.2% since the beginning of the year, outperforming the S&P 500's gain of 3.2% [3] Group 2 - The current consensus EPS estimate for the upcoming quarter is $3.93 on revenues of $1.52 billion, and for the current fiscal year, it is $3.29 on revenues of $3.55 billion [7] - The Fertilizers industry, to which Scotts belongs, is currently ranked in the top 35% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] Group 3 - The estimate revisions trend for Scotts is mixed, leading to a Zacks Rank 3 (Hold), suggesting that the shares are expected to perform in line with the market in the near future [6] - Nutrien, another company in the same industry, is expected to report quarterly earnings of $0.33 per share, reflecting a year-over-year decline of 10.8%, with its revenue anticipated to be $5.23 billion, down 7.7% from the previous year [9][10]

"Retailers continued to build healthy inventories, and our increased investments in promotional activity, media and marketing drove consumer takeaway across our leading brands. The operational restructuring within Hawthorne yielded significant benefits as well, enabling it to contribute positively to adjusted EBITDA during the quarter. These initial results reaffirm our confidence in this year's guidance and demonstrate continued progress toward our mid-term growth plan that includes EBITDA approaching $700 ...

U.S. Consumer net sales increased 11 percent driven by strong fall lawn and garden campaign and retailer support for 2025 spring season Consumer POS, which represents less than 10 percent of the full-year, was up 12 percent in dollars and 13 percent in unitsGAAP gross margin rate of 22.7 percent improved 750 bps; Non-GAAP adjusted gross margin rate of 24.0 percent improved 1,030 bpsNon-GAAP Adjusted EBITDA of $4 million reflected $30 million improvementGAAP loss of $1.21 per share and non-GAAP adjusted loss ...

Core Insights - The Scotts Miracle-Gro Company reported a solid start to the fiscal year, driven by strong performance in its U.S. Consumer business, with year-over-year improvements in shipments and point-of-sale (POS) metrics [2][3] - The company reaffirmed its confidence in its guidance for the year, aiming for adjusted EBITDA approaching $700 million by the end of fiscal 2027 [3] Financial Performance - For the first quarter ended December 28, 2024, total sales were $416.8 million, a slight increase from $410.4 million in the prior year [4] - U.S. Consumer net sales rose 11% to $340.9 million, up from $306.7 million, attributed to a strong fall season and early retailer load-in for spring [5][8] - The Hawthorne segment saw a 35% decline in sales to $52.1 million, down from $80.1 million, due to a strategic exit from third-party distribution [5][24] - GAAP gross margin improved to 22.7%, up from 15.2% in the prior year, while non-GAAP adjusted gross margin increased to 24.0% from 13.7% [6][8] - Selling, general and administrative (SG&A) expenses increased by 9% to $124.8 million, reflecting investments in marketing and innovation [7] Key Metrics - Non-GAAP adjusted EBITDA for the quarter was $3.8 million, a significant improvement from a loss of $25.8 million a year ago [10][23] - The company reported a GAAP net loss of $69.5 million, or $1.21 per share, compared to a loss of $80.5 million, or $1.42 per share, in the prior year [11][22] - Interest expense decreased by 21% to $33.7 million, with expectations for a full-year reduction of $15 million to $20 million compared to the previous year [9] Segment Performance - U.S. Consumer segment profit improved to $10.0 million from a loss of $15.5 million, while Hawthorne segment profit rose to $1.7 million from a loss of $9.7 million [26] - The Other segment reported a slight increase in sales to $23.8 million, up from $23.6 million [26] Balance Sheet and Outlook - The average net debt to adjusted EBITDA leverage ratio improved to 4.52 times, down from 4.86 times in the previous quarter [13] - The company reaffirmed its fiscal 2025 guidance for non-GAAP adjusted EBITDA and lowered expected interest expense [14][16]

MARYSVILLE, Ohio, Jan. 16, 2025 (GLOBE NEWSWIRE) -- To connect more children to gardens and outdoor play, The Scotts Miracle-Gro Foundation opened its GroMoreGood Grassroots Grants with national nonprofit KidsGardening. The grant application is open to a variety of organizations, serving at least 15 youth, that are planning to use the funds to install new or improve existing youth gardens or greenspaces. "Gardening offers kids more than just the chance to get their hands dirty—it’s an opportunity to connec ...

MARYSVILLE, Ohio, Jan. 16, 2025 (GLOBE NEWSWIRE) -- To connect more children to gardens and outdoor play, The Scotts Miracle-Gro Foundation opened its GroMoreGood Grassroots Grants with national nonprofit KidsGardening. The grant application is open to a variety of organizations, serving at least 15 youth, that are planning to use the funds to install new or improve existing youth gardens or greenspaces. "Gardening offers kids more than just the chance to get their hands dirty—it's an opportunity to connec ...

MARYSVILLE, Ohio, Jan. 15, 2025 (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, January 29, 2025, 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. T ...

The Scotts Miracle-Gro Company (SMG) reported a fourth-quarter fiscal 2024 (ended Sept. 30, 2024) loss of $244 million or $4.29 per share compared with a loss of $468.4 million or $8.33 per share in the year-ago quarter. Barring one-time items, the adjusted loss was $2.31 per share, narrower than a loss of $2.77 a year ago. The figure was wider than the Zacks Consensus Estimate of a loss of $1.94.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Net sales rose 10.7% year over year to $4 ...