Announces divestiture plan for Hawthorne Unveils new multi-year share repurchase program to commence in late 2026 MARYSVILLE, Ohio, Jan. 28, 2026 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE: SMG), the leading marketer of branded consumer lawn and garden products in North America, today reported results for the first quarter ended December 27, 2025. The Company also announced that it is in advanced discussions for the sale of its Hawthorne subsidiary to Vireo Growth, Inc., with an anticipated c ...

MARYSVILLE, Ohio, Jan. 20, 2026 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE: SMG), the leading marketer of branded consumer lawn and garden products in North America, will release its first quarter financial results on Wednesday, January 28, 2026, 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 watch the Company presentatio ...

MARYSVILLE, Ohio, Dec. 18, 2025 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE: SMG), the leading marketer of branded consumer lawn and garden products in North America, today expressed support for President Trump’s executive order to reschedule cannabis from a Schedule I to Schedule III drug. “With 39 states already legalizing cannabis in some form, rescheduling to a lower level drug on the federal level has been long overdue,” said Chairman and CEO Jim Hagedorn. “President Trump deserves credit ...

CEO says move enhances company’s broader growth strategyMARYSVILLE, Ohio, Dec. 18, 2025 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE: SMG), the leading marketer of branded consumer lawn and garden products in North America, today expressed support for President Trump’s executive order to reschedule cannabis from a Schedule I to Schedule III drug. “With 39 states already legalizing cannabis in some form, rescheduling to a lower level drug on the federal level has been long overdue,” said Chairman ...

Core Insights - Scotts Miracle-Gro Company is a leading marketer of branded consumer lawn and garden products in North America, with approximately $3.4 billion in sales [3] Group 1: Company Announcement - Nate Baxter, president and chief operating officer, and Mark Scheiwer, chief financial officer and chief accounting officer, will participate in a fireside chat at the Raymond James 2025 TMT & Consumer Conference on December 9, 2025, at 2:20 p.m. ET [1] - Investors can listen to a live webcast of the presentation and fireside chat from the Company's investor relations website, with an archive available for at least 90 days [2] Group 2: Company Overview - Scotts Miracle-Gro's brands, including Scotts®, Miracle-Gro®, Ortho®, and Tomcat®, are among the most recognized and market-leading in their categories within the lawn and garden industry [3]

Core Points - Starting in 2026, the Columbus Crew's stadium will be named ScottsMiracle-Gro Field, marking an expansion of the partnership between the Crew and ScottsMiracle-Gro Company, which has lasted over 15 years [1][2][3] Group 1: Partnership Details - The multi-year agreement includes stadium naming rights and aims to enhance community initiatives, particularly focusing on youth soccer and outdoor activities [3][7] - ScottsMiracle-Gro has been the Official Lawn Care & Gardening Partner for the Crew, providing products for maintaining the natural grass playing surfaces and supporting community programs [3][11] Group 2: Stadium and Events - The Crew's downtown stadium, opened in 2021, has hosted a record streak of 35 MLS regular season matches with capacity crowds from 2023 to 2025 [4] - The stadium will also host major soccer events, including the 2024 MLS All-Star Game and multiple U.S. Men's National Team matches, alongside private events throughout the year [5] Group 3: Community Engagement - The partnership will include the "Soccer in Schools" program, which aims to inspire youth participation in soccer and promote healthy habits [8] - The program provides educational resources to local school districts and aligns with physical education standards [8]

Core Insights - The Scotts Miracle-Gro Company reported significant improvements in key financial metrics for fiscal 2025, including gross margin, EBITDA, and EPS, indicating strong growth potential for fiscal 2026 [2][3][7]. Financial Performance - U.S. Consumer net sales reached $2.99 billion, aligning with guidance, with POS units and dollars increasing by 8.5% and 1.4% respectively [7]. - GAAP gross margin rate improved to 30.6%, while non-GAAP adjusted gross margin rate reached 31.2%, reflecting increases of 670 and 490 basis points over the prior year [7]. - GAAP earnings per share were $2.47, and non-GAAP adjusted earnings per share were $3.74, marking improvements of $3.08 and $1.45 per share over the previous year [7]. - Non-GAAP adjusted EBITDA was $581 million, an increase of $71 million compared to the prior year [7]. - Free cash flow of $274 million exceeded expectations, and net leverage improved to 4.10x, a reduction of 0.76x from the previous year [7]. Fiscal 2026 Guidance - The company anticipates continued growth, projecting non-GAAP adjusted gross margin of at least 32% and adjusted earnings per share between $4.15 and $4.35 for fiscal 2026 [7]. - Non-GAAP adjusted EBITDA is expected to show mid single-digit growth, with free cash flow projected at $275 million, further reducing the leverage ratio to the high 3's [7]. Operational Strategy - The company is implementing AI, robotic automation, and other efficiencies to achieve cost savings, which will be reinvested into brand innovation and channel expansion [3]. - The management expressed confidence in executing its growth strategy, supported by the strong financial performance and positive market trends observed in fiscal 2025 [3].

Core Viewpoint - Scotts Miracle-Gro Company is set to release its fourth quarter financial results on November 5, 2025, prior to the U.S. market opening, followed by a video presentation and a Q&A session [1]. Company Overview - Scotts Miracle-Gro is the world's largest marketer of branded consumer lawn and garden products, with approximately $3.6 billion in sales [3]. - The company's brands, including Scotts®, Miracle-Gro®, and Ortho®, are recognized as market leaders in their respective categories [3]. Investor Engagement - Investors can participate in the upcoming presentation and Q&A session by registering in advance through the provided webcast link [2]. - A replay of the conference call will be available on the company's investor website for at least 12 months [2].

Core Insights - The Scotts Miracle-Gro Company announced changes to its Board of Directors, with retired Lt. General John R. Vines retiring and former General Scott Miller appointed to the open seat [1][2][3] Board Changes - John R. Vines retired after over 12 years on the Board, maintaining an advisory role as Board member emeritus [2] - Scott Miller, a retired U.S. Army General with extensive military leadership experience, has been appointed to the Board [3][4] Leadership and Experience - Miller has commanded at all military levels and has a distinguished record, including leadership in complex geopolitical regions and significant combat experience [3][4] - The Board aims to enhance its skills and perspectives, with Miller being the sixth new member since 2022 [4] Company Overview - Scotts Miracle-Gro is the world's largest marketer of branded consumer lawn and garden products, with approximately $3.6 billion in sales [5]

Core Insights - The Scotts Miracle-Gro Company reported significant improvements in financial metrics for the third quarter of fiscal 2025, indicating progress towards achieving full-year guidance [2][4][8] Financial Performance - U.S. Consumer sales increased by 1% to $1.03 billion compared to $1.02 billion in the same period last year [4] - Total company sales decreased by 1% to $1.19 billion from $1.20 billion year-over-year [4] - GAAP net income for the quarter was $149.1 million, or $2.54 per diluted share, compared to $132.1 million, or $2.28 per diluted share, in the same quarter last year [6][18] - Non-GAAP adjusted net income was $151.5 million, or $2.59 per diluted share, compared to $133.8 million, or $2.31 per diluted share, for the same period last year [6][18] - Non-GAAP adjusted EBITDA for the quarter was $256.1 million, an increase from $236.8 million a year ago [7] Margin and Cost Improvements - GAAP gross margin rate was 31.8%, and non-GAAP adjusted gross margin rate was 32.1%, both showing improvements of 230 and 290 basis points over the prior year, respectively [8] - The improvements in gross margin were attributed to a better product mix and lower costs in materials, manufacturing, and distribution [5] Segment Performance - U.S. Consumer segment net sales grew by 1% year-over-year, while the Hawthorne segment saw a significant decline of 54% [19] - The Other segment, which includes the Canadian business, reported an 8% increase in net sales [19] - Total segment profit (non-GAAP) increased by 12% to $252.3 million compared to $225.8 million in the prior year [21] Outlook - The company reaffirms its full-year non-GAAP fiscal 2025 guidance, expecting continued growth in U.S. Consumer net sales and improved profitability [8][9] - The company anticipates a low single-digit growth in U.S. Consumer net sales for the full year, with adjusted EBITDA projected between $570 million to $590 million [9]