Scotts Miracle Gr Stock Price, News & Analysis

ScottsMiracle-Gro (NYSE: SMG) has appointed Jim Safka as senior vice president of ecommerce, demonstrating its commitment to channel expansion. Safka, former CEO of Match.com where he achieved over 20% annual growth, brings extensive experience in technology, marketing, and management.

His track record includes leading AT&T Wireless's ecommerce platform to significant revenue and profitability increases, serving as CEO of Ask.com, and most recently as CMO at CapConnect+. The appointment aligns with SMG's strategy to strengthen retailer relationships while expanding into new channels.

The company, with approximately $3.6 billion in sales, plans to enhance its ecommerce capabilities by increasing presence on retail partners' ecommerce sites. As the world's largest marketer of branded consumer lawn and garden care products, SMG aims to better connect with consumers through digital channels while maintaining its market-leading position with brands like Scotts®, Miracle-Gro®, and Ortho®.

ScottsMiracle-Gro (NYSE: SMG), the global leader in consumer lawn and garden care products with $3.6 billion in sales, announces its participation in the Raymond James & Associates' 46th Annual Institutional Investors Conference in Orlando on March 4, 2025.

The presentation will feature Nate Baxter, president and chief operating officer, and Mark Scheiwer, interim chief financial and chief accounting officer, who will provide a company overview and participate in a fireside chat at 2:50 p.m. ET hosted by Joe Altobello.

Investors can access the live webcast through the company's investor relations website's events page, with the archive available for 90 days. The company's portfolio includes market-leading brands Scotts®, Miracle-Gro®, and Ortho®, while its subsidiary, The Hawthorne Gardening Company, leads in indoor and hydroponic growing materials.

ScottsMiracle-Gro (NYSE: SMG) has appointed Nick Miaritis to its Board of Directors. Miaritis, currently chief client officer at VaynerMedia, brings expertise in brand partnerships and creative marketing, having led notable campaigns for major brands. He replaces Tom Kelly, who retired after nearly 20 years of board service.

Miaritis becomes the fifth board appointment since 2022, joining Robert Candelino, Mark Kingdon, Brian Sandoval, and Edith Avilés. The appointment aligns with the company's strategy to add diverse skills and fresh perspectives to its board. CEO Jim Hagedorn highlighted Miaritis's experience in consumer engagement across traditional and emerging platforms as valuable for the company's transformation phase.

ScottsMiracle-Gro, with approximately $3.6 billion in sales, is the world's largest marketer of branded consumer lawn and garden products, operating through well-known brands including Scotts®, Miracle-Gro®, and Ortho®.

ScottsMiracle-Gro (NYSE: SMG) reported improved first quarter results with U.S. Consumer net sales up 11% to $340.9 million, driven by strong fall performance and retailer support for spring 2025. Consumer POS increased 12% in dollars and 13% in units.

The company's GAAP gross margin rate improved 750 basis points to 22.7%, while non-GAAP adjusted gross margin rate increased 1,030 basis points to 24.0%. Non-GAAP Adjusted EBITDA showed a $30 million improvement to $4 million. GAAP loss per share improved to $1.21 from $1.42, and non-GAAP adjusted loss per share improved to $0.89 from $1.45.

Hawthorne segment sales decreased 35% to $52.1 million following strategic exit from third-party distribution. The company reaffirmed its fiscal 2025 guidance, projecting low single-digit growth in U.S. Consumer sales and adjusted EBITDA of $570-590 million, while lowering interest expense guidance by $15-20 million.

Scotts Miracle-Gro (NYSE: SMG) has announced its Board of Directors has approved a quarterly cash dividend of $0.66 per share, payable on March 7, 2025, to shareholders of record as of February 21, 2025.

The company, with approximately $3.6 billion in sales, is the world's largest marketer of branded consumer products for lawn and garden care. Their portfolio includes market-leading brands Scotts®, Miracle-Gro®, and Ortho®. Through their wholly-owned subsidiary, The Hawthorne Gardening Company, they also lead in providing nutrients, lighting, and materials for indoor and hydroponic growing.

The Scotts Miracle-Gro Foundation has opened applications for its GroMoreGood Grassroots Grants program in partnership with KidsGardening for 2025. The initiative aims to connect children with gardens and outdoor activities. Organizations serving at least 15 youth can apply for funding to create new gardens or enhance existing greenspaces, including edible, community, pollinator, and urban farms.

The grant program will support 170 programs in 2025. Eligible applicants must be located in the United States or U.S. Territories and provide proof of 501(c)(3) status or tax-exempt qualification. Applications are open until January 31, 2025, with winners to be announced on March 17, 2025.

ScottsMiracle-Gro (NYSE: SMG), the world's leading marketer of branded consumer lawn and garden products, has scheduled its first quarter 2025 financial results release for Wednesday, January 29, 2025, before U.S. markets open. The company will host a video presentation via webcast at 9:00 a.m. ET, followed by an audio Q&A session.

The company, which generates approximately $3.6 billion in sales, is the largest marketer of branded consumer products for lawn and garden care. Their portfolio includes market-leading brands such as Scotts®, Miracle-Gro®, and Ortho®. Through their wholly-owned subsidiary, The Hawthorne Gardening Company, they also lead in providing nutrients, lighting, and materials for indoor and hydroponic growing.

ScottsMiracle-Gro and its Foundation have expanded their commitment to pollinator conservation through multiple initiatives. The company, along with its Ortho brand and the Central Ohio Beekeepers Association, established a new bee yard at their Marysville, Ohio campus. Additionally, through a partnership with the National Fish and Wildlife Foundation (NFWF), they announced grants supporting pollinator conservation projects across 24 states.

The initiative includes 17 grants focused on improving pollinator habitats for monarch butterflies, rusty patched bumble bees, and other native pollinators. The projects will enhance conservation efforts on private working lands. This marks the third year of collaboration between NFWF and The Scotts Miracle-Gro Foundation through the Monarch Butterfly and Pollinators Conservation Fund.

ScottsMiracle-Gro's Associate Garden at the Marysville campus concluded another successful growing season, harvesting 7,041 pounds of fresh produce. The initiative, led by Content Manager Melissa Bond and Sr. Scientist Amy Enfield, Ph.D., distributes produce to various local organizations including the Marysville Food Pantry, Dublin Food Pantry, and Columbus Food Rescue.

The Dublin Food Pantry serves approximately 1,000 visits monthly, including 1,500 children and over 300 senior citizens. Since 2009, the gardens and R&D field trials have contributed nearly 75,000 pounds of fresh vegetables to local communities. The program also serves as an educational platform where new growers can learn from experienced gardeners.