Scotts Miracle-Gro

Scotts Miracle-Gro Co. engages in the manufacturing, marketing, and sale of products for lawn and garden care and indoor and hydroponic gardening. Its products and services include lawn care, gardening and landscape, hydroponic hardware and growing environments, lighting, controls, and marketing agreement. It operates through the following segments: U.S. Consumer, Hawthorne, and Other. The U.S. Consumer and Other segments manufacture and market branded consumer lawn and garden products. The U.S. Consumer segment consists of consumer lawn and garden business in the United States. The Hawthorne segment manufactures, markets, and distributes lighting, nutrients, growing media, growing environments, and hardware products for indoor and hydroponic gardening in North America. The company was founded by Orlando McLean Scott in 1868 and is headquartered in Marysville, OH.

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Earnings data Q1 2025

Scotts Miracle-Gro exceeds Q1 sales goal, eyes cannabis growth

Scotts Miracle-Gro (SMG) reported strong Q1 performance, exceeding sales goals and achieving profitability milestones.
Despite challenges in the Hawthorne segment, the company remains optimistic about growth opportunities in the cannabis sector.
Commitment to disciplined growth strategies, pricing strength, and leveraging free cash flow for debt repayment and potential reinvestment.
Focus on consumer engagement, market recovery, and maintaining liquidity to drive future success.

Scotts Miracle-Gro reports strong Q2 performance amidst industry challenges

Scotts Miracle-Gro (SMG) reported strong Q2 performance in the US Consumer business, with cost reductions and efficiency gains contributing to improved free cash flow.
While facing challenges in the Hawthorne segment, the company remains focused on reaching breakeven and aligning with the cannabis market's realities for improved performance.
Opportunities lie in positive industry developments, potential pricing adjustments, strategic partnerships in the cannabis market, and value creation initiatives.
Despite margin hindrances, Scotts Miracle-Gro (SMG) is optimistic about the season's progress and committed to growth strategies and profitability through innovation and partnerships.

Scotts Miracle-Gro faces challenges but eyes growth opportunities in 2024

Scotts Miracle-Gro faced challenges in meeting its targets but saw growth in consumer retail sales, with a focus on debt reduction and maintaining dividend payments.
The company is on track with its debt reduction plan, aiming for $1 billion over 2 years, and is exploring opportunities for margin accretion and partnerships for future growth.
Despite short-term financial challenges, Scotts Miracle-Gro is implementing cost-saving measures, focusing on broadening retailer relationships, and anticipating a return to $600 million EBITDA next year.
The Hawthorne business is stabilizing, aiming for profitability, exploring partnerships, and considering strategic actions to address industry challenges, while maintaining a commitment to debt reduction.

Scotts Miracle-Gro reports fiscal '23 improvements, eyes growth in '24

Scotts Miracle-Gro's fiscal '23 performance showcased financial discipline and operational improvements despite sales challenges, setting the stage for growth in fiscal '24.
The company's focus on core consumer, marketing, innovation, and strategic solutions positions it well to capitalize on opportunities for revenue growth and margin enhancement.
While facing challenges such as sales declines and margin pressures, Scotts Miracle-Gro's strategic outlook for fiscal '24 emphasizes growth, profitability, and operational efficiency.
By addressing concerns, leveraging data analytics, and enhancing marketing efforts, Scotts Miracle-Gro aims to drive performance and shareholder value in the upcoming year.

Scotts Miracle-Gro reports strong Q1 results, focuses on profitability

Scotts Miracle-Gro's Q1 performance reflects positive growth and margin improvement strategies.
The company is focused on profitability, leveraging strengths in North America and retail partnerships.
Challenges include managing leverage, transitioning Hawthorne to profitability, and SG&A adjustments.
Opportunities lie in volume growth, partnerships, and sustainable reinvestment for future growth.

Scotts Miracle-Gro surpasses financial targets and navigates industry challenges

Scotts Miracle-Gro delivered strong financial performance, exceeding targets and showcasing growth in consumer business. The focus on proprietary brands, partnerships, and cost optimization reflects a commitment to long-term success.
Challenges include pending deals, achieving profitability in Hawthorne, and navigating the evolving cannabis industry landscape. Opportunities in advertising, strategic partnerships, and cost optimization pave the way for future growth.
Overall, Scotts Miracle-Gro's Q2 earnings call highlighted solid performance, strategic initiatives, and a positive outlook for future sales growth. Management's focus on financial metrics, consumer engagement, and profitability sets a strong foundation for continued success.

Scotts Miracle-Gro reports strong Q3 performance and strategic growth focus

Scotts Miracle-Gro delivered a robust performance in Q3 2024, showcasing growth in net sales, profitability, and market share across its key divisions, driven by strategic initiatives and operational efficiencies.
While facing challenges related to increased SG&A expenses and market dynamics, the company's focus on debt reduction, margin improvement, and financial discipline positions it well for long-term success and sustainable growth.
With opportunities to capitalize on its strong market position, drive innovation, and optimize pricing strategies, Scotts Miracle-Gro is poised to navigate challenges and leverage growth prospects for enhanced shareholder value.

Scotts Miracle-Gro reports strong fiscal '24 performance and outlines growth plans for '25

Scotts Miracle-Gro's fiscal '24 showcased resilience and strategic progress, with a focus on cost-cutting, growth, and operational efficiency. The company is poised for sustained growth through brand investments and market strategies.

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MARYSVILLE, Ohio, Feb. 09, 2023 (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 a fireside chat hosted by Chris Carey of Wells Fargo.

ScottsMiracle-Gro to hold Fireside Chat with Wells Fargo

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Those who've watched the Scotts Miracle-Gro (NYSE: SMG) saga unfold over the last few years have seen it bottom, gear up for growth, expand into the cannabis equipment market, get boosted by the pandemic, and then see it all come crashing down. The bursting COVID bubble was compounded by issues within the cannabis market that suggest it was played out before it was opened.

Scotts Miracle-Gro Hits Bottom, Reversal In Play

As states continue to make progress around cannabis legalization, California furthers the conversation around interstate commerce. Missouri set to go online as other states hit sales highs.

The States Go Marching On

Scotts Miracle-Gro's (SMG) Q1 performance reflects lower sales in the Hawthorne segment resulting from the weakness in the hydroponic industry and lower production volumes in the U.S. Consumer unit.

Scotts Miracle-Gro (SMG) Q1 Earnings and Sales Beat Estimates

The Scotts Miracle-Gro Company (NYSE:SMG ) Q1 2023 Earnings Conference Call February 1, 2023 9:00 AM ET Company Participants Aimee DeLuca - Senior Vice President, Investor Relations Jim Hagedorn - Chairman and CEO Matt Garth - Chief Financial Officer Mike Lukemire - President and COO Chris Hagedorn - Division President, Hawthorne Patti Ziegler - Vice President, Global Marketing and Communications Conference Call Participants Jon Andersen - William Blair Joseph Altobello - Raymond James Chris Carey - Wells Fargo Eric Bosshard - Cleveland Research Andrew Carter - Stifel Bill Chappell - Truist Gaurav Jain - Barclays Carla Casella - JPMorgan William Reuter - Bank of America Operator Good day and thank you for standing by. Welcome to The Scotts Miracle-Gro First Quarter Conference Call.

The Scotts Miracle-Gro Company (SMG) Q1 2023 Earnings Call Transcript

Scotts (SMG) delivered earnings and revenue surprises of 27.14% and 4.59%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Scotts Miracle-Gro (SMG) Reports Q1 Loss, Tops Revenue Estimates

Scotts Miracle-Gro. Co. SMG, +9.43% said Wednesday its first-quarter loss widened to $64.7 million, or $1.17 a share, from a loss of $50 million, or 90 cents a share in the year-ago quarter.

Scotts Miracle-Gro posts narrower-than-expected net loss and beats revenue mark

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Annual grant program supports new and existing garden projects Annual grant program supports new and existing garden projects

The National Head Start Association and The Scotts Miracle-Gro Foundation Announce 2022-2023 GroMoreGood Garden Grantees

Scotts Miracle-Gro has seen its share of headwinds over the past year. However, it may be turning the corner as the housing market may see a rebound with improving mortgage rates.

Scotts Miracle-Gro: Long-Term Growth Potential

MARYSVILLE, Ohio, Jan. 18, 2023 (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 first quarter financial results on Wednesday, February 1, 2023, prior to the opening of the U.S. financial markets. The Company will host a conference call to discuss those results at 9:00 a.m. ET.

ScottsMiracle-Gro Announces Timing of First Quarter 2023 Financial Results and Conference Call

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Annual grant program helps to increase children's access to fresh food, outdoor play and garden education Annual grant program helps to increase children's access to fresh food, outdoor play and garden education

The Scotts Miracle-Gro Foundation Welcomes Applications for 2023 GroMoreGood Grassroots Grant with KidsGardening to Connect Children to Benefits of Gardening and Greenspaces

The gardening company has seen revenue drop precipitously.

After Dropping Nearly 70%, Is It Time to Buy Scotts Miracle-Gro Stock Yet?

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Shares of the lawn care specialist gained in spite of a weak earnings report.

Why Scotts Miracle-Gro Stock Jumped 22% in November

Scotts (SMG) reported earnings 30 days ago. What's next for the stock?

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15 partners from around the country to attend the National Partner Network meeting 15 partners from around the country to attend the National Partner Network meeting

The Scotts Miracle-Gro Foundation Meets with Leading Environmental Partners to Discuss Environmental Justice, Water Quantity and Quality Solutions

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Cronos Group

Scotts Miracle-Gro Co. SMG, +6.45% and Cronos Group Inc. CRON, +5.90% both announced new chief financial officers in separate moves on Monday by the two cannabis-oriented companies. Fertilizer and cultivation equipment specialist Scotts Miracle-Gro named Matthew Garth as executive vice president and chief financial officer, effective Dec. 1.

Cannabis-focused Scotts Miracle-Gro, Cronos both hire new chief financial officers

MARYSVILLE, Ohio, Nov. 14, 2022 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE: SMG), the world's largest marketer of branded consumer lawn and garden products as well as indoor and hydroponic growing products, announced today that Matthew Garth has been named executive vice president and chief financial officer, effective December 1, 2022.

News for Scotts Miracle-Gro Stock (SMG)