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

Reaffirms two-year free cash flow target of $1 billion, debt paydown of $350 million in fiscal '24 and full-year non-GAAP gross margin improvement of 250 bps Expects to reduce leverage to below 5 times EBITDA by fiscal year-end Projects non-GAAP adjusted EBITDA in range of $530 to $540 million, an approximate 20-percent improvement over prior year Anticipates mid single-digit growth in core consumer business versus prior year MARYSVILLE, Ohio, June 06, 2024 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company ...