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. To ...

Investors might want to bet on Scotts Miracle-Gro (SMG) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Individual ...

The Scotts Miracle-Gro Company (SMG) recently stated that it aims to attain a second-quarter net leverage ratio of about 7 times adjusted EBITDA. This will be less than the company's fiscal first-quarter net leverage ratio and its second-quarter maximum of 7.75 times.As debt reduction and covenant compliance are manageable, net leverage will not only be substantially below the second-quarter maximum and better than the first quarter, but it will also become a less critical metric moving ahead, SMG noted.In ...

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 partners ...

A month has gone by since the last earnings report for Scotts Miracle-Gro (SMG) . Shares have added about 15.9% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Scotts due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Scotts Miracle-Gro’s Q1 Earnings Top Estimates, S ...

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. This is the largest Legacy cohort to date with 29 students who attend Whitehall City Schools in Columbus, Ohi ...

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. At the Raymond James conference in Orlando, Florida, Chief Financial and Administrati ...

The Scotts Miracle-Gro Company (SMG) reported a first-quarter fiscal 2024 (ended Dec 31, 2023) loss of $80.5 million or $1.42 per share compared with a loss of $64.7 million or $1.17 per share in the year-ago quarter.Barring one-time items, the adjusted loss was $1.45 per share, wider than a loss of $1.02 a year ago. The figure was narrower than the Zacks Consensus Estimate of a loss of $1.62.Net sales fell around 22% year over year to $410.4 million and also lagged the consensus mark of $423.3 million. Due ...

The Scotts Miracle-Gro Company (NYSE:SMG) Q1 2024 Earnings Conference Call February 7, 2024 9:00 AM ET 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 Operator Good morning. I'm Aimee DeLuca, Head of Investor Relations at the Scotts Miracle-Gro Company. Welcome to our first quarter 2024 earnings presen ...

Scotts Miracle-Gro (SMG) reported $410.4 million in revenue for the quarter ended December 2023, representing a year-over-year decline of 22.1%. EPS of -$1.45 for the same period compares to -$1.02 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $423.25 million, representing a surprise of -3.04%. The company delivered an EPS surprise of +10.49%, with the consensus EPS estimate being -$1.62.While investors scrutinize revenue and earnings changes year-over-year and how they compare ...