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.
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The Scotts Miracle-Gro Company (NYSE: SMG) has announced a cash dividend of $0.62 per share, approved by its Board of Directors. This dividend is set to be paid on June 10, 2021, to shareholders of record by May 27, 2021. Scotts Miracle-Gro is a leading marketer of branded lawn and garden products, with approximately $4.1 billion in sales. Its prominent brands include Scotts®, Miracle-Gro®, and Ortho®.
The Scotts Miracle-Gro Company (NYSE SMG) will report its second quarter financial results on May 5, 2021, before U.S. market opening. A conference call is scheduled for 9:00 a.m. ET, with dial-in details provided. The Company, a leading marketer of consumer lawn and garden products with around $4.1 billion in sales, will also offer a live webcast of the call. Notable brands include Scotts®, Miracle-Gro®, and Ortho®. For more information, visit their investor relations website.
Scotts Miracle-Gro Company (SMG) has raised its fiscal 2021 sales and earnings outlook. The U.S. Consumer segment is now expected to grow 4-6% compared to a previous forecast of flat to -5%. The Hawthorne segment anticipates a growth of 20-30%. Overall, company-wide sales growth is expected to range from 8-12%, increased from 1-6%. Adjusted earnings per share are forecasted at $8.60-$9.00, up from $8.00-$8.40. However, free cash flow expectations have decreased to $250 million from $325 million due to rising capital expenditures.
The Scotts Miracle-Gro Company (NYSE: SMG) will host a virtual Investor & Analyst Day on April 8, 2021, at 9:00 a.m. ET. The event aims to provide insights into the Company's strategies for its Hawthorne Gardening Company and U.S. Consumer businesses, featuring presentations from its executive team followed by a live Q&A session. Interested investors can register for the event to participate and submit questions. Scotts Miracle-Gro recorded approximately $4.1 billion in sales, holding market-leading brands like Scotts®, Miracle-Gro®, and Ortho®.
The Scotts Miracle-Gro Company (NYSE: SMG) will host a virtual Investor & Analyst Day on April 8, 2021, at 9:00 a.m. ET. This event aims to provide insights into the Company's strategies, particularly focusing on the Hawthorne Gardening Company and U.S. Consumer businesses. The agenda includes approximately 2.5 hours of presentations followed by a live Q&A session. Interested investors and analysts are encouraged to register soon. Scotts Miracle-Gro reported approximately $4.1 billion in sales, with leading brands like Scotts®, Miracle-Gro®, and Ortho®.
Scotts® has launched Turf Builder® Long Island Lawn Food, a new lawn fertilizer designed to enhance local water quality. This product features 50% slow-release nitrogen and reduces nitrogen content by 20%, aligning with the Long Island Nitrogen Action Plan. All profits from sales will be reinvested in local water protection efforts for the next three years. The initiative includes educational outreach programs and partnerships with environmental organizations to combat nitrogen pollution, a significant threat to Long Island's water supply.
The Scotts Miracle-Gro Foundation announced recipients for its inaugural Water Stewardship Grant: The Nature Conservancy’s New York Chapter and The Everglades Foundation. The grant supports efforts to combat harmful algal blooms (HABs), which negatively impact U.S. waterways and cost the economy $2.2 billion annually. Funding will enhance septic systems on Long Island and further research for Everglades restoration. The Foundation emphasizes clean water as a priority, having previously reduced phosphorus in its products by 10,000 tons yearly.
Instead has launched a new natural lawn care brand that emphasizes simplicity and sustainability. The product range includes tailored fertilizers and grass seed mixes, all made from natural ingredients like molasses and alfalfa. Co-owned by actress Drew Barrymore, who highlights the commitment to environmental responsibility, the brand targets millennials seeking convenient, eco-friendly options. Instead's products are designed for direct delivery, reducing guesswork and packaging waste. Backed by 1868 Ventures, this initiative aims to innovate and disrupt traditional lawn care.
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