Earnings Releases·Nov 4, 2026, 7:33 AM ET

The Scotts Miracle-Gro Company — Fiscal 2026 Earnings Summary

Full-year net sales rose 1% year-over-year to $3.29 billion, while GAAP and non-GAAP adjusted earnings per share increased 6% and 18% respectively to $3.30 and $4.48.
The company delivered $278.4 million in free cash flow and reduced its net leverage ratio to 3.89x, down 0.21x from the prior year.
Fiscal 2027 guidance projects net sales growth of 2% to 4% and non-GAAP adjusted EPS of $4.70 to $4.90, with free cash flow anticipated at approximately $275 million.
Strategic capital allocation included repaying $250 million in senior notes, paying $154.8 million in dividends, and repurchasing $37.7 million of common shares.
The Hawthorne business was divested on April 8, 2026, resulting in a $106.2 million pre-tax loss, while the company advances a multi-year IT infrastructure transformation expected to conclude in fiscal 2028.