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.
ScottsMiracle-Gro (NYSE: SMG) outlined mid-range financial targets and a capital allocation strategy for fiscal 2027–2029 ahead of Investor Day 2026 at the NYSE. Management tied these goals to its SMG 2.0 strategy, focused on portfolio optimization, omnichannel expansion, category growth and technology-driven efficiencies.
The Company’s mid-range algorithm targets average annual net sales growth of 2–4%, adjusted gross margin rate improvement of 50–100 bps, adjusted EPS growth of 5–8%, and free cash flow above $275 million, with a leverage ratio goal of 3–3.5x in 2027–2029 and below 3x longer term. Capital allocation plans include SG&A reinvestment, capex of 2.5–3.5% of net sales, ongoing dividends, anti-dilutive and opportunistic buybacks, and low-risk tuck-in acquisitions.
ScottsMiracle-Gro also reiterated key elements of its fiscal 2026 outlook, including non-GAAP adjusted EPS of $4.30–$4.45, U.S. Consumer net sales growth in the low single digits, an adjusted gross margin rate of at least 32%, mid single-digit adjusted EBITDA growth, and $275 million in free cash flow, expected to reduce leverage to the high 3s.
ScottsMiracle-Gro (NYSE: SMG) will host an Investor Day on Tuesday, August 4, 2026, at the New York Stock Exchange, beginning at 9 a.m. ET. The event will be available to investors and media via livestream on Vimeo, with a replay posted on the company’s Investor Relations website.
Presentations and Q&A will feature senior leaders including president and CEO Nate Baxter and CFO Mark Scheiwer, along with executives overseeing brand, North America operations, growth, R&D, operations & technology, and the Gardens business. Topics include the SMG 2.0 multi-year growth strategy, disciplined capital allocation (leverage, SG&A, capex, tuck-in M&A, shareholder actions) and a longer-term growth algorithm with key financial targets.
ScottsMiracle-Gro (NYSE: SMG) reported fiscal third quarter 2026 net sales of $1.17 billion, up 1% year over year. GAAP diluted EPS from continuing operations was $1.75, down 34%, while non-GAAP adjusted diluted EPS from continuing operations rose 8% to $2.82. GAAP and non-GAAP gross margin rates declined about 90–100 basis points to 31.2% and 31.3%, pressured by higher freight and commodity costs tied to the Iran conflict. Adjusted net income from continuing operations increased 9% to $166.9 million and adjusted EBITDA was $246.3 million. The net leverage ratio improved to 3.78x, 0.37x better than last year. The company raised full-year non-GAAP adjusted EPS guidance to $4.30–$4.45 and reaffirmed targets for U.S. Consumer sales growth, adjusted gross margin of at least 32%, mid single-digit adjusted EBITDA growth, and $275 million of free cash flow.
The Scotts Miracle-Gro Company (NYSE: SMG) announced that its Board of Directors has approved a quarterly cash dividend of $0.66 per share. The dividend will be paid on September 4, 2026, to shareholders of record as of August 21, 2026.
ScottsMiracle-Gro (NYSE: SMG) released its 2026 Corporate Responsibility Report and introduced GroForward 2030, a refreshed corporate responsibility strategy aligned with its SMG 2.0 multi-year growth plan. The framework is built around three pillars: Products you can count on, Practices you can be proud of and People you grow with.
According to ScottsMiracle-Gro, key 2030 goals include ensuring 100% of new products meet at least one defined sustainability criterion mapped to UN SDGs 3, 12 and 15, reducing Scope 1 and 2 greenhouse gas emissions by 20% from a 2024 baseline, cutting purchased water intensity by 10%, achieving 50% associate participation in its Give Back to Gro program, supporting at least 3,000 acres of natural habitat and investing $10 million in community improvement. The report also highlights 2025 milestones such as 50% sales growth in Miracle-Gro Organics, manufacturing growing media within 150 miles of point-of-sale, a 40% compressed-air energy reduction at its Marysville fertilizer plant, diversion of 344,445 pounds of plastic through a recycling partnership, and $1.96 million in grants distributed by The Scotts Miracle-Gro Foundation.
ScottsMiracle-Gro (NYSE: SMG) will release its third quarter 2026 financial results on Wednesday, July 29, 2026, before U.S. market open. Management will host a video webcast at 8:15 a.m. ET, followed by an audio question-and-answer session for participants who register in advance.
The company will provide webcast and audio registration links for access details and unique PINs. A replay of the call, the press release, and related materials will be available on the investor website for at least 12 months, according to ScottsMiracle-Gro.
Miracle-Gro (NYSE:SMG) will showcase its modernized, integrated organic gardening portfolio at Cultivate ’26 in Columbus, Ohio. The interactive exhibit runs July 12–14 at booth #345 in the Greater Columbus Convention Center.
Chief Gardening Officer Martha Stewart appears July 13, highlighting the “It’s All Gardening” philosophy and Miracle-Gro’s trusted organic products. The exhibit features Bonnie Plants and demos of the new Raised Bed Revitalizer, organic plant food solutions, merchandising insights, expert consultations and exclusive samples.
Scotts (NYSE:SMG), The Scotts Miracle-Gro Foundation, Columbus Crew, Every Kid Sports and Columbus Recreation and Parks launched Grow Her Game, a Fall 2026 soccer initiative for Columbus girls ages 4–7.
The program covers registration fees for up to 400 girls, provides equipment donations, and ends with a clinic at ScottsMiracle-Gro Field.
ScottsMiracle-Gro (NYSE: SMG) named Nate Baxter president and CEO and elected lead independent director Pete Shumlin as chairman, effective immediately, succeeding longtime CEO and chairman Jim Hagedorn. The company reaffirmed its fiscal 2026 outlook, including at least 32% non-GAAP adjusted gross margin and $4.15–$4.35 non-GAAP adjusted EPS.
Guidance also calls for low single-digit U.S. Consumer net sales growth, mid single-digit non-GAAP adjusted EBITDA growth, and about $275 million in free cash flow, expected to reduce the leverage ratio to the high 3s.
ScottsMiracle-Gro (NYSE: SMG) appointed Nick Miaritis as executive vice president and chief brand officer, a new executive role overseeing all brands and marketing. Reporting to the president and COO, he will help drive the SMG 2.0 transformation toward a premier outdoor lifestyle brand, with focus on ecommerce, social and digital engagement, naturals and organics, and attracting a new generation of consumers.