News & Events zu Scotts Miracle-Gro Co (SMG)SMGScotts Miracle-Gro Co

Company Updates Growth Outlook for Fiscal 2027-2029

The company's mid-range growth algorithm for fiscal 2027 through fiscal 2029 is grounded in consistent progress with SMG 2.0 and includes average annual: Total company net sales growth of 2 to 4%. Adjusted gross margin rate improvement of 50 to 100 basis points. Adjusted EPS growth of 5 to 8%. Free cash flow greater than $275 million. The company also updated its leverage ratio targets to reflect a mid-range goal of 3 to 3.5x from fiscal 2027 through fiscal 2029 and a longer-range goal of leverage below 3x. "We are committed to a disciplined and balanced capital allocation strategy that will enable us to properly invest in the SMG 2.0 growth drivers while further driving down our debt balances and taking consistent shareholder friendly actions," Scheiwer said.

Company Reaffirms FY26 Guidance with EPS of $4.35

Consensus is for FY26 EPS $4.35. The Company has reaffirmed the following elements of its original FY26 guidance: U.S. Consumer net sales low single-digit growth; Non-GAAP adjusted gross margin rate of at least 32%; Non-GAAP adjusted EBITDA mid single-digit growth; and free cash flow of $275M, driving leverage ratio down to the high 3s.

Company Reports Q3 Revenue of $1.17B

Reports Q3 revenue $1.17B, consensus $1.17B. "Our performance year to date demonstrates we are on track for the guidance we provided at the start of the fiscal year," said Nate Baxter, president and CEO. "At the same time we are making meaningful strides with our multi-year SMG 2.0 growth strategy through channel expansion, innovation and a shift in how we are engaging with consumers. We have positioned ourselves well to strengthen the building blocks of SMG 2.0, putting us on a path to drive long-term sustainable growth and shareholder value."