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Scotts Miracle Gr - SMG STOCK NEWS

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.

Overview of Scotts Miracle-Gro

Scotts Miracle-Gro stands as a prominent force in the lawn care, indoor gardening, and hydroponic systems industry. Known for its influential portfolio of brands, the company serves a diverse market that spans traditional outdoor lawn care to innovative indoor and controlled-environment gardening solutions. With a focus on quality, trust, and expertise, Scotts Miracle-Gro delivers products that cater to home gardeners as well as specialized sectors, including the burgeoning cannabis cultivation market.

Business Segments and Core Operations

The business is organized into three core segments: the US Consumer segment, the Hawthorne segment, and the Other segment. The US Consumer segment offers a comprehensive array of lawncare products including grass seed, fertilizers, and an assortment of weed, animal, and disease control solutions. These offerings address the primary concerns of homeowners and outdoor enthusiasts, ensuring lush, well-maintained outdoor spaces.

The Hawthorne segment focuses on indoor gardening and hydroponic equipment. This segment, catering primarily to markets such as cannabis cultivation, emphasizes precision in nutrient management, lighting, and environmental control—a testament to the company’s commitment to supporting innovative growing methods.

The Other segment extends the company’s reach outside the United States, notably serving the Canadian market with a range of lawn and gardening products that uphold the trusted quality associated with its major brands.

Market Position and Brand Significance

Scotts Miracle-Gro has cultivated a reputation for reliability and expertise through its highly recognizable brands. The company’s longstanding commitment to crafting products that meet unique consumer needs has solidified its position as the largest purveyor of home lawn and gardening products in the United States. The established trust in its brands is an outcome of decades of market presence, continuous product innovation, and a deep understanding of evolving gardening needs.

By consistently aligning with consumer preferences—ranging from natural and organic solutions to advanced indoor growing techniques—Scotts Miracle-Gro has effectively differentiated its product lines. This differentiation not only appeals to seasoned gardeners but also to new enthusiasts eager to explore both traditional outdoor care and emerging trends in indoor horticulture.

Product Development and Industry Expertise

Central to the company’s success is its expertise in product research and development. The rigorous trials and quality assessments conducted on products such as fertilizers and soil blends are emblematic of its commitment to innovation and excellence. These efforts ensure that Scotts Miracle-Gro’s offerings consistently perform across various environments and meet the high standards expected by consumers.

The company’s technical prowess is further demonstrated by its adaptation to market changes—integrating scientific research into product development and leveraging advanced technologies to enhance plant growth. This dedication to innovation is a key driver behind the sustained reliability of its product portfolio.

Competitive Landscape and Industry Challenges

Operating in a competitive market, Scotts Miracle-Gro faces challenges inherent to the lawn care and gardening sectors, including shifts in consumer behavior, evolving regulatory standards, and intense competition from both traditional retailers and niche market entrants. However, its diversified segmentation and robust brand recognition provide a buffer against these market challenges.

Moreover, the company’s ability to transition between outdoor and indoor product solutions has allowed it to remain relevant and adaptable in a dynamic marketplace. By maintaining a balanced focus on both traditional and contemporary gardening solutions, it sustains a competitive advantage grounded in years of accumulated expertise and consumer trust.

Commitment to Consumer-Centric Innovation

Scotts Miracle-Gro’s strategy is centered on listening to consumer needs and responding with innovative products that enhance the gardening experience. This consumer-centric approach is reflected not only in its diverse product lines but also in its ongoing efforts to improve product efficacy, quality, and ease of use.

By integrating insights from consumers and industry experts, the company continues to evolve its offerings to cater to a wide range of gardening scenarios—from maintaining vibrant lawns to creating thriving indoor gardens. This dual focus on innovation and responsiveness has cemented its standing as a trusted resource for gardening enthusiasts and professionals alike.

Information Hierarchy and Technical Terminology

The description above is organized to first introduce the company and its market significance, then detail the segmentation of business operations, follow with an analysis of product development and innovation, and conclude with the competitive landscape and consumer-oriented strategy. This structured approach ensures that even readers unfamiliar with the industry can gain comprehensive insight into how Scotts Miracle-Gro operates within the broader context of lawn care and indoor gardening.

  • Industry Keywords: lawncare, hydroponics, indoor gardening
  • Core Brands: Scotts, Miracle-Gro, Ortho
  • Business Model: Multi-segment operations addressing consumer, indoor, and international markets

Conclusion

Overall, Scotts Miracle-Gro exemplifies a well-rounded and dynamic company that has mastered the art of balancing tradition with innovation. Its unwavering focus on quality, coupled with a diversified and forward-thinking approach to product offerings, positions it as a cornerstone in the gardening industry. Investors and industry watchers alike can appreciate the company’s robust operational framework, deep market penetration, and its commitment to providing solutions that enrich the way consumers experience outdoor and indoor gardening.

Rhea-AI Summary

Scotts Miracle-Gro (NYSE: SMG) has lowered its full-year sales guidance for the Hawthorne segment by 15 to 25%, influenced by an oversupply of cannabis impacting both indoor and outdoor cultivation. During the Raymond James Conference, CFO Cory Miller noted a decline in sales volume and adjusted earnings per share expectations. However, optimism remains for the U.S. Consumer segment, expecting non-GAAP adjusted earnings of at least $8.00. Additionally, plans for a significant acquisition in the live goods category have been shelved as the company remains disciplined in its M&A strategy.

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The Scotts Miracle-Gro Company (NYSE: SMG) will present at Raymond James & Associates’ 43rd Annual Institutional Investors Conference on March 8, 2022, at 8:40 a.m. EST. CFO Cory Miller and EVP Jim King will also participate in a virtual fireside chat at the UBS Global Consumer and Retail Conference on March 9, 2022, at 2:00 p.m. EST. Interested listeners can access live webcasts of both events via the company's investor relations website. ScottsMiracle-Gro reported approximately $4.9 billion in sales, leading the market in lawn and garden care products.

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Scotts and MLB Launch 2022 Field Refurbishment Grant Program

Scotts Company LLC, in partnership with Major League Baseball, has announced the opening of submissions for the 2022 Scotts Field Refurbishment Grant Program, aimed at enhancing youth baseball and softball facilities. The program, now in its seventh year, will award $200,000 to refurbish four fields. Applications are open until March 13, and winners will be announced in early spring 2022. The initiative is part of the GroMoreGood program, which aims to connect 10 million children with outdoor play and gardening by 2023.

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The Scotts Miracle-Gro Company (NYSE: SMG) announced the successful completion of an exchange offer for $500 million in 4.000% Senior Notes due 2031. The offer, which expired on February 3, 2022, saw approximately 95.0% of the original notes tendered. The exchange was aimed at fulfilling obligations under a prior registration rights agreement and does not represent new financing. Settlement is expected around February 9, 2022.

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The Scotts Miracle-Gro Company (SMG) has clarified statements regarding its Hawthorne segment's expected performance for Q2. President Chris Hagedorn mistakenly indicated that sales would remain flat; however, the company anticipates a decline in sales for this segment compared to the previous year, with potential growth later in the year. Despite the sales drop, profitability is projected to reach break-even in Q2. Scotts Miracle-Gro generates around $4.9 billion in sales and is a prominent player in lawn and garden care products.

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The Scotts Miracle-Gro Company (NYSE: SMG) announced a 24% decrease in sales for Q1 2022, totaling $566.0 million, amid challenging market conditions. The U.S. Consumer segment reported a profit, marking only the second time in company history, with a 3% increase in unit sales. However, the Hawthorne segment experienced a significant 38% drop in sales to $190.6 million, driven by an oversupply of cannabis and supply chain issues. The company plans to restructure its U.S. lighting manufacturing to enhance efficiency, expecting to lower unit prices of LED products.

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The Scotts Miracle-Gro Company (NYSE: SMG) has extended its registered exchange offer for $500 million of its 4.000% Senior Notes due 2031, originally set to expire on January 27, 2022, now extended to February 3, 2022. As of January 27, 2022, $475 million, or 95%, of these notes had been tendered for the exchange. All terms of the exchange offer remain unchanged. This action follows the effective registration statement from December 22, 2021.

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The Scotts Miracle-Gro Company (NYSE: SMG) has announced a cash dividend of $0.66 per share, set to be paid on March 10, 2022. Shareholders must be on record by February 24, 2022 to qualify. The company, with approximately $4.9 billion in sales, is a leading provider of branded consumer lawn and garden products, with well-known brands like Scotts®, Miracle-Gro®, and Ortho®. The Hawthorne Gardening Company, a subsidiary, specializes in indoor and hydroponic growing materials.

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The Scotts Miracle-Gro Company (NYSE: SMG) announced the successful completion of an exchange offer for its $400 million 4.375% Senior Notes due 2032. The offer expired on January 10, 2022, with 100% of the Original Notes tendered. The exchange aims to satisfy obligations under a registration rights agreement from August 2021. Settlement is expected around January 26, 2022. This exchange does not represent new financing but is part of compliance with regulatory requirements.

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FAQ

What is the current stock price of Scotts Miracle Gr (SMG)?

The current stock price of Scotts Miracle Gr (SMG) is $53.16 as of April 3, 2025.

What is the market cap of Scotts Miracle Gr (SMG)?

The market cap of Scotts Miracle Gr (SMG) is approximately 3.1B.

What are the primary business segments of Scotts Miracle-Gro?

The company is divided into three segments: the US Consumer segment, focusing on traditional lawn care products; the Hawthorne segment, which offers indoor gardening and hydroponic solutions; and the Other segment, serving markets outside the US.

How does Scotts Miracle-Gro differentiate its product offerings?

By maintaining a diversified portfolio that addresses both traditional lawn care and innovative indoor gardening needs, Scotts Miracle-Gro leverages its trusted brands and focuses on quality and consumer feedback to stay ahead in the market.

Which industries does Scotts Miracle-Gro cater to?

The company primarily serves the home lawn care industry, indoor gardening market, and specialized sectors such as cannabis cultivation, offering tailored solutions for each segment.

What role does the Hawthorne segment play in the company's operations?

Hawthorne focuses on indoor gardening and hydroponic systems, providing essential equipment and materials for controlled-environment agriculture, including applications in the cannabis industry.

How does Scotts Miracle-Gro build and sustain consumer trust?

The company builds consumer trust through its long-established, reputable brands, continuous product innovation, rigorous quality testing, and responsiveness to evolving consumer needs.

What are some key industry-specific keywords associated with the company?

Keywords include lawn care, hydroponics, indoor gardening, outdoor living, and plant nutrition, reflecting its strong positioning in the gardening and landscaping sectors.

What challenges does the company face in its competitive landscape?

Scotts Miracle-Gro navigates challenges such as shifting consumer preferences, regulatory changes, and competitive pressures from both traditional and niche market players, all while continually innovating its product offerings.

How does the company ensure product quality and relevance?

Through extensive research and development, rigorous trial processes, and a deep commitment to responding to consumer feedback, Scotts Miracle-Gro continuously refines its product lines to meet high quality and performance standards.
Scotts Miracle Gr

NYSE:SMG

SMG Rankings

SMG Stock Data

3.10B
43.56M
24.21%
74.87%
5.72%
Agricultural Inputs
Agricultural Chemicals
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United States
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