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) announced significant organizational changes aimed at enhancing growth and shareholder value. Randy Coleman has left his position as CFO, with Cory Miller promoted to interim CFO. Other notable promotions include Kelly Berry and Lonny Essex in finance roles. The company is exceeding Q1 performance targets, with optimism expressed about the gardening market and future e-commerce strategies. The leadership changes are part of long-term strategic planning, not due to performance issues. The company generated approximately $4.1 billion in sales.
Scotts Miracle-Gro Company (NYSE: SMG) announced organizational changes aimed at enhancing growth and shareholder value. Key appointments include Cory Miller as interim CFO following Randy Coleman's departure. Major segment performance exceeded Q1 targets, and the company emphasizes its strong market position in gardening and hydroponics. The realignment was part of a long-term strategy, not due to performance concerns. The updated leadership aims to leverage internal talent and market trends to drive future growth.
The Scotts Miracle-Gro Foundation has launched its GroMoreGood Grassroots Grants in collaboration with KidsGardening to enhance children's access to fresh food and gardening education.
This initiative aims to connect 10 million children to gardening benefits by 2023. The program embraces various community-driven projects, allowing for flexible grant applications amidst COVID-19.
Applications for grants ranging from $500 to $1,000 are open until February 4, 2021, with winners announced on March 20, 2021.
The Scotts Miracle-Gro Company (NYSE: SMG) has announced a cash dividend of $0.62 per share, payable on December 10, 2020 to shareholders on record as of November 30, 2020.
With approximately $4.1 billion in annual sales, Scotts Miracle-Gro is a leading marketer of consumer lawn and garden products. Their popular brands include Scotts®, Miracle-Gro®, and Ortho®. The company also owns The Hawthorne Gardening Company, which focuses on indoor and hydroponic gardening solutions.
The Scotts Miracle-Gro Company (NYSE: SMG) reported a record Q4 and fiscal year 2020, with a 90% sales increase in the U.S. Consumer segment and a 68% rise in Hawthorne sales. Full-year GAAP earnings were $6.78 per share, with guidance for fiscal 2021 indicating adjusted EPS between $8.00 to $8.40. The company also announced a joint venture for Bonnie Plants, expected to be accretive to earnings in fiscal 2021 but not included in current guidance. Overall, company-wide sales grew 31% to $4.13 billion for the year, driven by strong consumer demand.
The Scotts Miracle-Gro Company (NYSE SMG) will announce its fourth-quarter financial results on November 4, 2020, before U.S. markets open. A conference call to discuss these results is scheduled for 9:00 a.m. ET. Participants can join by calling 800-263-0877 with Conference Code: 4510222. A replay will be available for 15 days, and a live webcast will be accessible on the company's investor relations website. ScottsMiracle-Gro, with approximately $3.2 billion in sales, is a leader in branded lawn and garden products.
Scotts has completed field refurbishments for four youth baseball and softball grant recipients in 2020, bringing the total to two dozen fields renovated since the program's inception in 2016. This initiative, part of Scotts' commitment to improving children's access to greenspaces, has provided nearly $1.75 million in funding. Key recipients include Boys & Girls Clubs of Greater Northwest Indiana and the City of Memphis Parks. The program aims to enhance community engagement through modern playing facilities, with support from MLB and notable figures like Ryan Howard and Jennie Finch participating in outreach efforts.
The Scotts Miracle-Gro Company (NYSE: SMG) announced on Sept. 14, 2020, that it expects fiscal 2020 sales and non-GAAP adjusted earnings per share (EPS) to exceed previous guidance. The company predicts non-GAAP adjusted EPS will be approximately $7.25, driven by over 30% sales growth, attributed to strong consumer demand and retailer support. Additionally, lower expenses are anticipated to provide approximately $1 per share in tailwinds. A detailed fiscal 2021 guidance is set for release in November.
Scotts has partnered with CAMP to host the largest virtual Field Day on July 24, 2020. This free event will allow families to participate in various games from home, starting at 9 a.m. ET and ending at 9 p.m. ET. Participants will be divided into teams and compete for prizes, including a CAMP gift box valued at up to $1,000 for first place. This initiative aims to bring families together for fun, especially during summer, with games designed to engage both kids and adults. Over $3.2 billion in sales positions Scotts as a leading brand in lawn and garden care.
The Scotts Miracle-Gro Company (NYSE: SMG) will release its third quarter financial results on July 29, 2020, before U.S. markets open. A conference call to discuss these results will occur at 9:00 a.m. ET. Interested participants can join by calling 800-263-0877 using Conference Code: 3918971. A replay will be available for 15 days via 888-203-1112. The company, with approximately $3.2 billion in sales, is a leading marketer in the lawn and garden products sector, known for its prominent brands including Scotts®, Miracle-Gro®, and Ortho®.