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.
Scotts has announced a multi-year partnership with Every Kid Sports, a national nonprofit, to support income-restricted families by funding youth sports registration fees. The initiative aims to provide expanded access to natural green spaces. Scotts will award a grant of at least $150,000 by 2026, funding registration fees for approximately 800 kids in areas including Columbus, Phoenix, and Philadelphia.
To celebrate the partnership, Scotts recently hosted a Soccer Field Day in Columbus, Ohio, featuring athletes from the Columbus Crew. The event helped over 60 kids get active outdoors. This collaboration aligns with Scotts' mission to connect children and families with green spaces for play, learning, and growth.
ScottsMiracle-Gro encourages fall gardening for its physical and mental benefits. The company recommends planting young plants for faster results and suggests frost-tolerant vegetables like collards, Swiss chard, and curly kale for edible gardens. Miracle-Gro emphasizes the importance of outdoor activity and connecting with nature before winter, highlighting how fall gardening can provide a screen break and yield a late-season harvest of fresh produce. The message aims to inspire gardeners to extend their growing season and maintain their gardening habits into the autumn months.
ScottsMiracle-Gro (SMG) addresses the trend of hardscaping in drought-prone regions, where traditional lawns are being replaced with patios and walkways. The company highlights potential issues with non-porous materials leading to excessive rainwater runoff and erosion. SMG advocates for a balanced approach to landscape design, recommending xeriscaping or water-positive designs that combine hardscape materials with living plants.
The press release promotes water-wise native plants as an eco-friendly option for reducing water usage and maintenance. SMG also suggests drought-tolerant plants for landscapes and gardens, emphasizing their ability to thrive in high-heat, low-rain conditions. With $3.6 billion in sales, ScottsMiracle-Gro is positioned as the world's largest marketer of branded consumer products for lawn and garden care, featuring popular brands like Scotts, Miracle-Gro, and Ortho.
Scotts Miracle-Gro (SMG) is adapting to changing perceptions of lawn care by emphasizing responsible and resource-conscious practices. The company aims to provide guidance for maintaining outdoor spaces while being mindful of environmental factors. With approximately $3.6 billion in sales, Scotts Miracle-Gro is the world's largest marketer of branded consumer products for lawn and garden care. Its portfolio includes market-leading brands such as Scotts®, Miracle-Gro®, and Ortho®. The company's subsidiary, The Hawthorne Gardening Company, is a leading provider of materials for indoor and hydroponic growing.
The Scotts Miracle-Gro Foundation and Doodles and Digits have partnered to bring the acclaimed 'How It's Math' program to Public Television, set to premiere in April 2024 for Mathematical Awareness Month. The show aims to explore mathematics in various careers and industries, with a special collaboration featuring ScottsMiracle-Gro's use of math in creating lawn and garden products.
This partnership expands the reach of Doodles and Digits' educational content, inspiring young learners to explore mathematics and the natural world. The television debut will be complemented by behind-the-scenes looks at ScottsMiracle-Gro's STEM work, showcasing the practical applications of math in industry.
ScottsMiracle-Gro (SMG) highlights 8 unexpected benefits of growing clover in lawns. Experts emphasize clover's advantages, including:
1. Low-maintenance nature
2. Soil structure improvement
3. Drought resistance
4. Increased biodiversity
5. Nitrogen regulation
6. Cost-effectiveness
7. Support for other plants
8. Aesthetic appeal
Clover requires less mowing, water, and fertilizer than traditional turf. Its deep root system aerates soil, improves drainage, and prevents erosion. Clover attracts pollinators, fixes nitrogen naturally, and remains green during dry spells. While some view it as a weed, many landscapers recognize its benefits for soil health and overall garden vitality.
ScottsMiracle-Gro (NYSE: SMG) reported strong fiscal 2024 third quarter results, with U.S. Consumer net sales increasing 11% to $1 billion. The company saw significant improvements in gross margin rates, with GAAP gross margin at 29.5% and non-GAAP adjusted gross margin at 29.2%, up 1,110 and 790 basis points respectively year-over-year. GAAP EPS for Q3 was $2.28, while non-GAAP Adjusted EPS nearly doubled to $2.31 compared to the same quarter last year. Despite a 28% decrease in Hawthorne segment sales, the division reported its first profitable quarter since Q3 2022. The company reaffirmed its fiscal 2024 guidance, expecting continued strength in consumer engagement and profitability.
The Scotts Miracle-Gro Company (NYSE: SMG), a leading marketer of consumer lawn and garden products, has announced a quarterly cash dividend of $0.66 per share. The dividend will be paid on September 6, 2024, to shareholders of record as of August 23, 2024. Scotts Miracle-Gro, with approximately $3.6 billion in sales, is renowned for its market-leading brands including Scotts®, Miracle-Gro®, and Ortho®. The company's subsidiary, The Hawthorne Gardening Company, is a key player in the indoor and hydroponic growing segment, providing nutrients, lighting, and other essential materials.
ScottsMiracle-Gro highlights the physical and mental health benefits of gardening in a recent press release. A study published in The Lancet found that community gardening increased moderate-to-vigorous physical activity and reduced perceived stress and anxiety. Gardening provides consistent physical activity through tasks like moving soil and digging, while also offering a mental break from busy lifestyles.
The company encourages beginners to start small, even with a single tomato plant or window box. ScottsMiracle-Gro's Miracle-Gro team has partnered with Martha Stewart to create a Beginner's Guide to Gardening. With approximately $3.6 billion in sales, ScottsMiracle-Gro is the world's largest marketer of branded consumer products for lawn and garden care, featuring popular brands like Scotts, Miracle-Gro, and Ortho.
ScottsMiracle-Gro (NYSE: SMG) has announced the release of its third quarter 2024 financial results on Wednesday, July 31, 2024, before U.S. financial markets open. The company will host a video presentation via webcast at 9:00 a.m. ET, followed by an audio question-and-answer session. Interested parties can register for the webcast and Q&A session in advance.
ScottsMiracle-Gro, with approximately $3.6 billion in sales, is the world's largest marketer of branded consumer products for lawn and garden care. Its portfolio includes well-known brands such as Scotts®, Miracle-Gro®, and Ortho®. The company's subsidiary, The Hawthorne Gardening Company, is a leading provider of materials for indoor and hydroponic growing.
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