The Scotts Miracle-Gro Company — Fiscal 2026 Earnings Summary

The Scotts Miracle-Gro Company reported fiscal 2026 full-year net sales of $3.29 billion, representing a 1% increase from the prior year, while GAAP gross margin expanded to 32.3%. The company achieved non-GAAP adjusted earnings per share of $4.48, an 18% improvement over the previous year, driven by supply chain savings and favorable product mix despite higher commodity and freight costs. Fiscal 2027 guidance projects net sales growth of 2% to 4% and non-GAAP adjusted earnings per share between $4.70 and $4.90. Additionally, the company generated $278.4 million in free cash flow and reduced its net leverage ratio to 3.89x, maintaining a path to reach a target range of 3.0 to 3.5x by fiscal 2029.