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ScottsMiracle-Gro Reaffirms Fiscal 2026 Guidance, Announces Investor Day Details

SMG
  • Scotts Miracle-Gro reaffirmed its full fiscal year 2026 guidance on June 3, 2026, ahead of its fiscal third-quarter close on June 27.
  • Year-to-date branded consumer POS dollars increased by approximately 1 percent versus the prior year as of June.
  • Approximately 90 percent of commodities are locked for fiscal 2026, supporting confidence in achieving a gross margin of at least 32 percent.
  • CEO Jim Hagedorn cited positive trends in retailer engagement & consumer takeaway, with strategy focused on higher-margin branded products & broader demographics.
  • COO Nate Baxter noted recovery gains in POS & retailer replenishment post-Memorial Day following early May weather challenges.
  • CFO Mark Scheiwer stated that performance targets for adjusted EBITDA & free cash flow will maintain a leverage ratio in the high 3's & enable share repurchases by year-end.
  • Reaffirmed fiscal 2026 outlook includes U.S. consumer net sales growth in the low single digits.
  • Non-GAAP adjusted gross margin is targeted at a minimum of 32 percent.
  • Non-GAAP adjusted net income per share from continuing operations is projected between $4.15 & $4.35.
  • Non-GAAP adjusted EBITDA is expected to grow in the mid single digits.
  • Free cash flow is forecasted at approximately $275 million.
  • The company will present at the William Blair Annual Growth Stock Conference in Chicago on June 3, 2026, with a live webcast available.
  • The 2026 Investor Day is scheduled for August 4, 2026, at the New York Stock Exchange, with registration required by July 7, 2026.