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The Scotts Miracle-Gro Company reports developments in branded consumer lawn and garden products in North America, including the Scotts®, Miracle-Gro®, Ortho® and Tomcat® brands. Company news centers on sales trends, gross margin recovery, leverage, cash generation, dividends and capital allocation, along with guidance for its core U.S. Consumer lawn and garden business.
Updates also cover product and channel initiatives, such as patio and container gardening collaborations, community gardening grants through The Scotts Miracle-Gro Foundation, and completed portfolio actions. The completed sale of The Hawthorne Gardening Company shifted the company's public updates toward its North American consumer lawn and garden franchise after Hawthorne's indoor and hydroponic gardening supplies were treated as discontinued operations.
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The Scotts Miracle-Gro Company (NYSE: SMG) announced a cash dividend of $0.66 per share, payable on June 9, 2023. Shareholders of record as of May 26, 2023 will be eligible for this dividend. Scotts Miracle-Gro, a leader in branded consumer lawn and garden products, reported approximately $3.9 billion in sales, with notable brands like Scotts®, Miracle-Gro®, and Ortho®. The company also focuses on indoor gardening through its subsidiary, The Hawthorne Gardening Company, providing essential products for hydroponic growing.
The Scotts Miracle-Gro Company (NYSE: SMG) will announce its second quarter financial results on May 3, 2023, before U.S. markets open. Following the release, a conference call will occur at 9:00 a.m. ET to discuss the results. Participants can register in advance to obtain dial-in details, or join via the live webcast available on the Company's investor relations website. With approximately $3.9 billion in sales, Scotts Miracle-Gro is the leading marketer of consumer lawn and garden products, featuring well-known brands such as Scotts®, Miracle-Gro®, and Ortho®. The Hawthorne Gardening Company, a subsidiary, specializes in indoor and hydroponic growing materials. For more information, visit scottsmiraclegro.com.