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 (SMG) has revised its fiscal 2020 sales growth outlook to between 16% and 18%, up from a previous estimate of 6% to 8%, driven by strong demand in its U.S. Consumer and Hawthorne segments. Adjusted non-GAAP EPS guidance has increased to $5.65 to $5.85 from $4.95 to $5.15, while non-GAAP free cash flow is expected to be around $350 million. The growth in the U.S. Consumer segment includes a 44% increase in May sales with notable gains in Miracle-Gro products.
The Scotts Miracle-Gro Company (NYSE: SMG) reported a 16% increase in sales for Q2 2020, totaling $1.38 billion driven by strong demand in both U.S. Consumer and Hawthorne segments. U.S. Consumer sales rose 11% to $1.10 billion, while Hawthorne sales surged 60% to $230 million. GAAP EPS was $4.43, down from $7.10 a year prior, but Non-GAAP adjusted EPS increased to $4.50 from $3.64. The company revised its Hawthorne sales growth forecast to 30-35%, while reaffirming U.S. Consumer segment growth at 1-3%. Full-year sales are projected to grow by 6-8%.
Summary not available.