Welcome to our dedicated page for Scotts Miracle Gr news (Ticker: SMG), a resource for investors and traders seeking the latest updates and insights on Scotts Miracle Gr stock.
Scotts Miracle-Gro (SMG) is a leader in lawn care, hydroponic systems, and indoor gardening solutions, serving consumers and commercial growers through its US Consumer, Hawthorne, and International segments. This page provides a comprehensive collection of official press releases, financial updates, and strategic announcements directly from the company.
Investors and industry professionals will find timely updates on quarterly earnings, product innovations, and market expansions, including developments in the Hawthorne segment’s specialized hydroponic equipment. All content is sourced from verified channels to ensure accuracy and relevance for decision-making.
Key news categories include corporate milestones, sustainability initiatives, and partnerships impacting both traditional lawn care and emerging indoor agriculture markets. Bookmark this page to stay informed about SMG’s latest advancements in plant nutrition, smart gardening technologies, and regulatory developments affecting the industry.
The Scotts Miracle-Gro Foundation has partnered with Keep America Beautiful to launch the 2025 Martin Luther King Corridor Community Grants initiative, announced on Earth Day. The program aims to transform underserved areas by creating community gardens and green spaces.
The foundation is contributing $200,000 through 2026 to support projects addressing inner-city heat islands through the planting of trees, shrubs, ground cover, and grass. The grants will also fund community gardens and orchards to combat food insecurity.
Grant applications are open to Keep America Beautiful affiliates, nonprofits, local governments, and community organizations, with winners to be announced by the end of April 2025. The initiative focuses on converting brown spaces into green areas that provide environmental, health, and safety benefits.
Scotts Miracle-Gro (NYSE: SMG) has announced its quarterly cash dividend payment of $0.66 per share, payable on June 6, 2025, to shareholders of record as of May 23, 2025.
The company, with approximately $3.6 billion in sales, is the world's largest marketer of branded consumer products for lawn and garden care. Their portfolio includes market-leading brands such as Scotts®, Miracle-Gro®, and Ortho®. Through their wholly-owned subsidiary, The Hawthorne Gardening Company, they are also a leading provider of nutrients, lighting, and other materials for indoor and hydroponic growing.
ScottsMiracle-Gro (NYSE: SMG) has announced it will release its second quarter 2025 financial results on Wednesday, April 30, 2025, before U.S. markets open. The company will host a video presentation via webcast at 9:00 a.m. ET, followed by an audio Q&A session.
The company, with approximately $3.6 billion in sales, is the world's largest marketer of branded consumer products for lawn and garden care. Their portfolio includes market-leading brands such as Scotts®, Miracle-Gro®, and Ortho®. Through their wholly-owned subsidiary, The Hawthorne Gardening Company, they are also a leading provider of nutrients, lighting, and other materials for indoor and hydroponic growing.
ScottsMiracle-Gro (NYSE: SMG) has announced the transfer of its wholly-owned subsidiary, The Hawthorne Collective, to an independent strategic partner. This move marks the first step in separating its cannabis-related businesses from its core lawn and garden operations.
The company plans to separate The Hawthorne Gardening Company from ScottsMiracle-Gro by the end of fiscal 2025. The transfer was executed in exchange for an interest-bearing promissory note, with SMG retaining an option to reacquire The Hawthorne Collective if federal cannabis legalization occurs.
CEO Jim Hagedorn cited the cannabis sector's volatility and federal-level inaction as key reasons for the separation. The company aims to reduce cannabis-related impact on its stock and focus on value creation through its consumer business. The Hawthorne Collective's holdings include investments in Fluent, a cannabis company operating in Florida, Pennsylvania, Texas, and New York.
The Scotts Miracle-Gro Foundation and KidsGardening have announced their 2025 GroMoreGood Grassroots Grant recipients, awarding grants to 170 community-level programs across 44 states. The initiative aims to establish and expand youth gardens and green spaces, expecting to reach over 38,000 youth with garden-based learning opportunities.
The grant selection process evaluated learning impact, individual program participants, prior funding, and socioeconomic reach. This year's recipients include programs focused on restoring gardens after natural disasters, creating inclusive spaces for youth with disabilities, and revitalizing community gardens for after-school activities. The grants were distributed to winners at the end of March 2025.
ScottsMiracle-Gro (NYSE: SMG) has appointed Jim Safka as senior vice president of ecommerce, demonstrating its commitment to channel expansion. Safka, former CEO of Match.com where he achieved over 20% annual growth, brings extensive experience in technology, marketing, and management.
His track record includes leading AT&T Wireless's ecommerce platform to significant revenue and profitability increases, serving as CEO of Ask.com, and most recently as CMO at CapConnect+. The appointment aligns with SMG's strategy to strengthen retailer relationships while expanding into new channels.
The company, with approximately $3.6 billion in sales, plans to enhance its ecommerce capabilities by increasing presence on retail partners' ecommerce sites. As the world's largest marketer of branded consumer lawn and garden care products, SMG aims to better connect with consumers through digital channels while maintaining its market-leading position with brands like Scotts®, Miracle-Gro®, and Ortho®.
ScottsMiracle-Gro (NYSE: SMG), the global leader in consumer lawn and garden care products with $3.6 billion in sales, announces its participation in the Raymond James & Associates' 46th Annual Institutional Investors Conference in Orlando on March 4, 2025.
The presentation will feature Nate Baxter, president and chief operating officer, and Mark Scheiwer, interim chief financial and chief accounting officer, who will provide a company overview and participate in a fireside chat at 2:50 p.m. ET hosted by Joe Altobello.
Investors can access the live webcast through the company's investor relations website's events page, with the archive available for 90 days. The company's portfolio includes market-leading brands Scotts®, Miracle-Gro®, and Ortho®, while its subsidiary, The Hawthorne Gardening Company, leads in indoor and hydroponic growing materials.
ScottsMiracle-Gro (NYSE: SMG) has appointed Nick Miaritis to its Board of Directors. Miaritis, currently chief client officer at VaynerMedia, brings expertise in brand partnerships and creative marketing, having led notable campaigns for major brands. He replaces Tom Kelly, who retired after nearly 20 years of board service.
Miaritis becomes the fifth board appointment since 2022, joining Robert Candelino, Mark Kingdon, Brian Sandoval, and Edith Avilés. The appointment aligns with the company's strategy to add diverse skills and fresh perspectives to its board. CEO Jim Hagedorn highlighted Miaritis's experience in consumer engagement across traditional and emerging platforms as valuable for the company's transformation phase.
ScottsMiracle-Gro, with approximately $3.6 billion in sales, is the world's largest marketer of branded consumer lawn and garden products, operating through well-known brands including Scotts®, Miracle-Gro®, and Ortho®.
ScottsMiracle-Gro (NYSE: SMG) reported improved first quarter results with U.S. Consumer net sales up 11% to $340.9 million, driven by strong fall performance and retailer support for spring 2025. Consumer POS increased 12% in dollars and 13% in units.
The company's GAAP gross margin rate improved 750 basis points to 22.7%, while non-GAAP adjusted gross margin rate increased 1,030 basis points to 24.0%. Non-GAAP Adjusted EBITDA showed a $30 million improvement to $4 million. GAAP loss per share improved to $1.21 from $1.42, and non-GAAP adjusted loss per share improved to $0.89 from $1.45.
Hawthorne segment sales decreased 35% to $52.1 million following strategic exit from third-party distribution. The company reaffirmed its fiscal 2025 guidance, projecting low single-digit growth in U.S. Consumer sales and adjusted EBITDA of $570-590 million, while lowering interest expense guidance by $15-20 million.
Scotts Miracle-Gro (NYSE: SMG) has announced its Board of Directors has approved a quarterly cash dividend of $0.66 per share, payable on March 7, 2025, to shareholders of record as of February 21, 2025.
The company, with approximately $3.6 billion in sales, is the world's largest marketer of branded consumer products for lawn and garden care. Their portfolio includes market-leading brands Scotts®, Miracle-Gro®, and Ortho®. Through their wholly-owned subsidiary, The Hawthorne Gardening Company, they also lead in providing nutrients, lighting, and materials for indoor and hydroponic growing.
