Welcome to our dedicated page for Scotts Miracle Gr news (Ticker: SMG), a resource for investors and traders seeking the latest updates and insights on Scotts Miracle Gr stock.
The Scotts Miracle-Gro Company (NYSE: SMG) generates a steady flow of news related to its position in branded consumer lawn and garden products and its participation in indoor and hydroponic growing. Company news releases describe ScottsMiracle-Gro as the world’s largest marketer of branded consumer products for lawn and garden care and a leader in indoor and hydroponic growing through its Hawthorne segment.
On this page, readers can follow announcements on topics such as quarterly and full‑year financial results, dividend declarations and updates to fiscal guidance. Recent releases have highlighted gross margin trends, earnings per share performance, free cash flow, leverage metrics and reaffirmed outlooks for the U.S. Consumer segment and consolidated results.
ScottsMiracle-Gro also issues news about its capital allocation and financing, including changes to credit agreements and receivables facilities, as well as corporate governance developments like board appointments and executive compensation practices. The company’s communications frequently discuss its GroMoreGood purpose and Corporate Responsibility initiatives, including recyclable packaging, waste reduction, water conservation and partnerships with environmental nonprofits.
Another recurring theme in the company’s news is its role in indoor and hydroponic growing through The Hawthorne Gardening Company. Releases have addressed how cannabis policy developments and capital spending by legal cannabis operators may affect Hawthorne’s growth prospects and the company’s strategy to combine Hawthorne with a cannabis‑dedicated company.
Brand and community news, such as the long‑term partnership with the Columbus Crew and stadium naming rights for ScottsMiracle-Gro Field, also feature in the company’s updates. Investors, analysts and consumers can use this news feed to review the company’s public statements on financial performance, strategy, sustainability efforts and brand partnerships over time.
The Scotts Miracle-Gro Company (NYSE: SMG) is set to release its third quarter financial results on August 3, 2022, before U.S. markets open. A conference call will follow at 9:00 a.m. ET to discuss the results, with participation available by calling 1-888-220-8451 (Confirmation Code: 2366358). The company reported approximately $4.9 billion in sales, making it a leader in branded consumer lawn and garden products with well-known brands like Scotts®, Miracle-Gro®, and Ortho®. The information will be accessible via their investor relations website.
The Scotts Miracle-Gro Company (NYSE: SMG) has appointed The Honorable Brian Sandoval to its Board of Directors. Sandoval, former Governor of Nevada (2011-2019) and current President of the University of Nevada, Reno, brings extensive experience in economic growth and job creation. He will serve on the Innovation and Technology Committee and the Nominating and Governance Committee. The company, with approximately $4.9 billion in sales, is a major player in the lawn and garden sector, known for brands like Scotts, Miracle-Gro, and Ortho.
The Scotts Miracle-Gro Company (NYSE: SMG) reported a surge in consumer purchases of its lawn and garden brands in May, but lowered its sales and adjusted earnings outlook for fiscal 2022. Year-to-date POS figures are down 6% in dollars and 9% in units compared to last year. Adjusted earnings per share are now projected between $4.50 and $5.00, while U.S. Consumer sales are expected to decrease by 4-6%. Additionally, Hawthorne sales are forecasted to decline by 40-45% for the year. The company is seeking to adjust debt covenants to increase leverage due to external market pressures.
The Scotts Miracle-Gro Company (NYSE: SMG) announced a 8% decrease in company-wide sales to $1.68 billion for Q2, driven by a 44% drop in Hawthorne segment sales to $202.6 million. GAAP EPS fell to $4.94 from $5.44, with non-GAAP adjusted EPS at $5.03, down from $5.64. Consumer purchases are down 12% entering May, but recent momentum suggests improvement. The acquisition of Australia-based Cyco for $34 million aims to bolster Hawthorne's nutrient offerings. Revised sales guidance indicates a likely low-end outcome of 2% year-over-year growth.
The Scotts Miracle-Gro Company (NYSE: SMG) announced a cash dividend of $0.66 per share, set to be paid on June 10, 2022, to shareholders of record as of May 27, 2022. With approximately $4.9 billion in sales, ScottsMiracle-Gro is a leading marketer of lawn and garden products, with well-known brands like Scotts®, Miracle-Gro®, and Ortho®. The Hawthorne Gardening Company, a subsidiary, specializes in indoor and hydroponic growing supplies, while The Hawthorne Collective invests in cannabis-related ventures.
The Scotts Miracle-Gro Company (NYSE SMG) will announce its second quarter financial results on May 3, 2022, before U.S. markets open. A conference call discussing these results is scheduled for 9:00 a.m. ET. Interested participants can join by calling 1-888-378-4398 using the passcode 490745. A replay will be available for 15 days via 1-888-203-1112, passcode 9718563. Scotts Miracle-Gro, with $4.9 billion in sales, is a leading marketer of branded lawn and garden consumer products, including the well-known Scotts, Miracle-Gro, and Ortho brands.
Scotts Miracle-Gro (NYSE: SMG) has lowered its full-year sales guidance for the Hawthorne segment by 15 to 25%, influenced by an oversupply of cannabis impacting both indoor and outdoor cultivation. During the Raymond James Conference, CFO Cory Miller noted a decline in sales volume and adjusted earnings per share expectations. However, optimism remains for the U.S. Consumer segment, expecting non-GAAP adjusted earnings of at least $8.00. Additionally, plans for a significant acquisition in the live goods category have been shelved as the company remains disciplined in its M&A strategy.
The Scotts Miracle-Gro Company (NYSE: SMG) will present at Raymond James & Associates’ 43rd Annual Institutional Investors Conference on March 8, 2022, at 8:40 a.m. EST. CFO Cory Miller and EVP Jim King will also participate in a virtual fireside chat at the UBS Global Consumer and Retail Conference on March 9, 2022, at 2:00 p.m. EST. Interested listeners can access live webcasts of both events via the company's investor relations website. ScottsMiracle-Gro reported approximately $4.9 billion in sales, leading the market in lawn and garden care products.
Scotts and MLB Launch 2022 Field Refurbishment Grant Program
Scotts Company LLC, in partnership with Major League Baseball, has announced the opening of submissions for the 2022 Scotts Field Refurbishment Grant Program, aimed at enhancing youth baseball and softball facilities. The program, now in its seventh year, will award $200,000 to refurbish four fields. Applications are open until March 13, and winners will be announced in early spring 2022. The initiative is part of the GroMoreGood program, which aims to connect 10 million children with outdoor play and gardening by 2023.
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