Scotts Miracle-Gro(US:SMG)2025-04-30 14:03Financial Performance - Q2 2025 - Net sales decreased by 7% to $1.42 billion compared to Q2 2024[38] - Adjusted gross margin rate increased by 380 bps to 39.1%[38] - SG&A expenses increased by 5% to $188.3 million[38] - Adjusted net income increased to $232.2 million from $211.9 million[38] - Adjusted diluted EPS increased to $3.98 from $3.69[38] - Adjusted EBITDA increased to $402.8 million from $396.3 million[38] Strategic Focus & Outlook - The company is targeting mid-30s percent gross margin rate by the end of fiscal year 2027[25,42] - The company expects approximately $30 million of incremental cost savings[25] - The company anticipates $250 million expected free cash flow[42] - The company projects leverage below 3.5x adjusted EBITDA by the end of fiscal year 2027[25,42]