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ScottsMiracle-Gro Announces Financial Targets and Capital Allocation Strategy During Investor Day 2026 at NYSE

SMG
  • Scotts Miracle-Gro Company announced mid-range financial targets & capital allocation strategy for fiscal 2027 through 2029.
  • The update precedes the Investor Day 2026 event at the New York Stock Exchange featuring CEO Nate Baxter & CFO Mark Scheiwer.
  • SMG 2.0 building blocks include portfolio optimization, omnichannel expansion, category growth, & technology-driven operational excellence.
  • Mid-range growth algorithm for fiscal 2027-2029 projects 2% to 4% annual net sales growth & 5% to 8% annual adjusted EPS growth.
  • Targets also include 50 to 100 basis points in adjusted gross margin improvement & free cash flow exceeding $275 million annually.
  • Leverage ratio targets set at 3x to 3.5x for the mid-term with a long-term goal of below 3x.
  • Capital allocation strategy involves reinvestment in technology, advertising & R&D, plus annual capex of 2.5% to 3.5% of net sales.
  • Shareholder returns will include ongoing quarterly dividends, opportunistic repurchases, & strategic low-risk acquisitions.
  • Fiscal 2026 outlook raised to $4.30 to $4.45 non-GAAP adjusted diluted net income per share.
  • Fiscal 2026 guidance reaffirmed includes U.S. consumer net sales growth in the low single digits & free cash flow of $275 million.