About ScottsMiracle-Gro To watch the Company presentation and listen to the question-and-answer session, please register in advance at this webcast link. For those planning to participate in the question-and-answer session that follows the video presentation, please register for the webcast to view the presentation in addition to registering in advance via this audio link to receive call-in details and a unique PIN. The replay of the conference call will also be available on the Company's investor website, ...

LOS ANGELES, July 22, 2024 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against The Scotts Miracle-Gro Company ("Scotts" or "the Company") (NYSE: SMG) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an at ...

Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Scotts To Contact Him Directly To Discuss Their Options As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: the Company's inventory levels, debt covenant compliance, and financial performance. Specifically, Defendants repeatedly assured investors that the Company's inventory levels ...

NEW YORK, July 17, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of The Scotts Miracle-Gro Company (NYSE: SMG). https://securitiesclasslaw.com/securities/the-scotts-miracle-gro-company-loss-submission-form/? id=90895&from=4 DEADLINE: August 5, 2024 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/the-scotts-miracle-gro-company-loss-submissionform/?id=90895&from=4 SOURCE The Gros ...

"Over the past two years, we've been on a journey to transform our Company and return to a more shareholder friendly environment," said Jim Hagedorn, chairman, CEO and president. "We've made major progress on this front and are on track to our near-term targets. Looking to fiscal '25 through fiscal '27, we expect to further drive meaningful value by delivering significant gross margin improvement and consistent annual growth rates. The Company also continues to transform its Hawthorne subsidiary through its ...

Core Viewpoint - The Scotts Miracle-Gro Company is focused on transforming its operations to enhance shareholder value, with significant progress made and a positive outlook for fiscal years 2025 to 2027, aiming for gross margin improvement and consistent growth rates [1][20]. Strategic Objectives - The Company will outline its strategic and operational objectives for the next three years, building on its strong market positions in the U.S. Consumer lawn and garden and Hawthorne businesses [2][9]. Midterm Targets - For fiscal years 2025 through 2027, the Company expects SG&A to remain between 15% and 16% of net sales, with a target of achieving a non-GAAP adjusted operating margin exceeding 15% and adjusted EBITDA surpassing $600 million [4][10]. 2024 Outlook - The Company anticipates an average annual growth rate of 3% in net sales through innovation, net pricing, and synergistic mergers and acquisitions in the U.S. Consumer business [19]. Financial Performance - The non-GAAP adjusted gross margin rate is projected to exceed 30% due to improved volume, net pricing averaging over 1% per year, and over $150 million in supply chain efficiencies over three years [11][12]. Cash Flow and Capital Allocation - The Company expects to generate over $300 million in annualized free cash flow after capital expenditures, with a focus on debt reduction and sustaining dividends to shareholders, while planning for balanced capital allocation in the long term [12][20]. Market Position - With approximately $3.6 billion in sales, the Company is the largest marketer of branded consumer lawn and garden products, with well-known brands like Scotts®, Miracle-Gro®, and Ortho® leading their categories [23].

NEW YORK, July 12, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of The Scotts Miracle-Gro Company (NYSE: SMG). DEADLINE: August 5, 2024 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/the-scotts-miracle-gro-company-loss-submissionform/?id=90357&from=4 Shareholders who purchased shares of SMG during the class period listed are encouraged to contact the firm regarding possible l ...

SAN DIEGO, July 09, 2024 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in The Scotts Miracle-Gro Company (NYSE: SMG) shares. The lawsuit seeks to recover losses for certain investors in NYSE: SMG shares. Those who purchased shares of The Scotts Miracle-Gro Company (NYSE: SMG) should contact the Shareholders Foundation, Inc. On June 06, 2024, an investor in NYSE: SMG shares filed a lawsuit against of The Scotts Miracle-Gro Company over alleged ...

NEW YORK, July 09, 2024 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of The Scotts Miracle-Gro Company (NYSE: SMG). Shareholders who purchased shares of SMG during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/the-scotts-miracle-gro-company-loss-submission-form/? id=89669&from=3 C ...

CONTACT US HERE: ALLEGATIONS: According to the filed complaint, defendants made false statements and/or concealed that Scotts had an oversupply of inventory that far exceeded consumer demand. Recognizing that problem, Scotts executives engaged in a scheme to saturate the Company's sales channel with more product than those 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. Ultimately, Scotts ...