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The Scotts Miracle-Gro Company (NYSE: SMG) is the leading marketer of branded consumer products for lawn and garden care as well as indoor and hydroponic growing products. Headquartered in Marysville, Ohio, the company boasts an impressive portfolio of well-recognized brands including Scotts®, Miracle-Gro®, Ortho®, Tomcat®, and Roundup®. These products are sold primarily through major retailers such as Home Depot, Lowe's, and Walmart, allowing the company to maintain an advantageous market position.
The company is dedicated to helping individuals of all ages enhance their outdoor spaces. Their industry-leading lawn, garden, and outdoor living products and services aim to create a beautiful world. Scotts Miracle-Gro is also committed to sustainability, offering products that cater to natural and organic gardening solutions, as well as indoor and urban gardening. The company listens to consumer feedback to continuously develop products that meet their needs.
Scotts Miracle-Gro's subsidiary, The Hawthorne Gardening Company, is a prominent provider of nutrients, lighting, and other materials used in the indoor and hydroponic growing segment. The Hawthorne division underscores Scotts Miracle-Gro's expansion into the burgeoning cannabis market, making it a key player in cannabis-growing equipment in North America.
Financially, Scotts Miracle-Gro has demonstrated robust performance. With approximately $3.6 billion in sales, the company continues to focus on improving its financial and operating performance. Recent achievements include near-record retail shipments and mid-teens percentage growth in year-to-date POS units versus the previous year. As stated by CEO Jim Hagedorn, the company is also making significant strides in debt reduction and covenant compliance, aiming to achieve a $1 billion free cash flow target in the fiscal '23 and '24 period.
The company's commitment to community and environmental sustainability is reflected in its philanthropic efforts. The Scotts Miracle-Gro Foundation aims to build healthier communities, empower the next generation, and preserve the planet. The foundation supports non-profits dedicated to these causes through grants, endowments, and multi-year capital gifts.
Scotts Miracle-Gro continues to innovate and lead in its industry, evidenced by its recent decision to remove neonics from Ortho® outdoor products to protect pollinators like honeybees. This decision highlights the company's responsiveness to consumer concerns and its dedication to environmental stewardship.
For more information, visit www.scottsmiraclegro.com.
The press release discusses clover lawns as a popular alternative to traditional grass. Experts highlight clover's benefits, including low maintenance, drought tolerance, and soil enrichment. Jeremy Yamaguchi of Lawn Love notes that clover creates lush green carpets and attracts beneficial insects. Matthew Koch from Scotts emphasizes clover's ability to fix nitrogen, promoting healthier plant growth. The article mentions Scotts Turf Builder Clover Lawn as a low-maintenance option for those interested in clover lawns. The PR also touches on the growing trend of grass alternatives and their advantages in terms of cost, maintenance, and aesthetics.
Scotts has announced a multi-year partnership with Every Kid Sports, a national nonprofit, to support income-restricted families by funding youth sports registration fees. The initiative aims to provide expanded access to natural green spaces. Scotts will award a grant of at least $150,000 by 2026, funding registration fees for approximately 800 kids in areas including Columbus, Phoenix, and Philadelphia.
To celebrate the partnership, Scotts recently hosted a Soccer Field Day in Columbus, Ohio, featuring athletes from the Columbus Crew. The event helped over 60 kids get active outdoors. This collaboration aligns with Scotts' mission to connect children and families with green spaces for play, learning, and growth.
ScottsMiracle-Gro encourages fall gardening for its physical and mental benefits. The company recommends planting young plants for faster results and suggests frost-tolerant vegetables like collards, Swiss chard, and curly kale for edible gardens. Miracle-Gro emphasizes the importance of outdoor activity and connecting with nature before winter, highlighting how fall gardening can provide a screen break and yield a late-season harvest of fresh produce. The message aims to inspire gardeners to extend their growing season and maintain their gardening habits into the autumn months.
ScottsMiracle-Gro (SMG) addresses the trend of hardscaping in drought-prone regions, where traditional lawns are being replaced with patios and walkways. The company highlights potential issues with non-porous materials leading to excessive rainwater runoff and erosion. SMG advocates for a balanced approach to landscape design, recommending xeriscaping or water-positive designs that combine hardscape materials with living plants.
The press release promotes water-wise native plants as an eco-friendly option for reducing water usage and maintenance. SMG also suggests drought-tolerant plants for landscapes and gardens, emphasizing their ability to thrive in high-heat, low-rain conditions. With $3.6 billion in sales, ScottsMiracle-Gro is positioned as the world's largest marketer of branded consumer products for lawn and garden care, featuring popular brands like Scotts, Miracle-Gro, and Ortho.
Scotts Miracle-Gro (SMG) is adapting to changing perceptions of lawn care by emphasizing responsible and resource-conscious practices. The company aims to provide guidance for maintaining outdoor spaces while being mindful of environmental factors. With approximately $3.6 billion in sales, Scotts Miracle-Gro is the world's largest marketer of branded consumer products for lawn and garden care. Its portfolio includes market-leading brands such as Scotts®, Miracle-Gro®, and Ortho®. The company's subsidiary, The Hawthorne Gardening Company, is a leading provider of materials for indoor and hydroponic growing.
The Scotts Miracle-Gro Foundation and Doodles and Digits have partnered to bring the acclaimed 'How It's Math' program to Public Television, set to premiere in April 2024 for Mathematical Awareness Month. The show aims to explore mathematics in various careers and industries, with a special collaboration featuring ScottsMiracle-Gro's use of math in creating lawn and garden products.
This partnership expands the reach of Doodles and Digits' educational content, inspiring young learners to explore mathematics and the natural world. The television debut will be complemented by behind-the-scenes looks at ScottsMiracle-Gro's STEM work, showcasing the practical applications of math in industry.
ScottsMiracle-Gro (SMG) highlights 8 unexpected benefits of growing clover in lawns. Experts emphasize clover's advantages, including:
1. Low-maintenance nature
2. Soil structure improvement
3. Drought resistance
4. Increased biodiversity
5. Nitrogen regulation
6. Cost-effectiveness
7. Support for other plants
8. Aesthetic appeal
Clover requires less mowing, water, and fertilizer than traditional turf. Its deep root system aerates soil, improves drainage, and prevents erosion. Clover attracts pollinators, fixes nitrogen naturally, and remains green during dry spells. While some view it as a weed, many landscapers recognize its benefits for soil health and overall garden vitality.
ScottsMiracle-Gro (NYSE: SMG) reported strong fiscal 2024 third quarter results, with U.S. Consumer net sales increasing 11% to $1 billion. The company saw significant improvements in gross margin rates, with GAAP gross margin at 29.5% and non-GAAP adjusted gross margin at 29.2%, up 1,110 and 790 basis points respectively year-over-year. GAAP EPS for Q3 was $2.28, while non-GAAP Adjusted EPS nearly doubled to $2.31 compared to the same quarter last year. Despite a 28% decrease in Hawthorne segment sales, the division reported its first profitable quarter since Q3 2022. The company reaffirmed its fiscal 2024 guidance, expecting continued strength in consumer engagement and profitability.
The Scotts Miracle-Gro Company (NYSE: SMG), a leading marketer of consumer lawn and garden products, has announced a quarterly cash dividend of $0.66 per share. The dividend will be paid on September 6, 2024, to shareholders of record as of August 23, 2024. Scotts Miracle-Gro, with approximately $3.6 billion in sales, is renowned for its market-leading brands including Scotts®, Miracle-Gro®, and Ortho®. The company's subsidiary, The Hawthorne Gardening Company, is a key player in the indoor and hydroponic growing segment, providing nutrients, lighting, and other essential materials.
ScottsMiracle-Gro highlights the physical and mental health benefits of gardening in a recent press release. A study published in The Lancet found that community gardening increased moderate-to-vigorous physical activity and reduced perceived stress and anxiety. Gardening provides consistent physical activity through tasks like moving soil and digging, while also offering a mental break from busy lifestyles.
The company encourages beginners to start small, even with a single tomato plant or window box. ScottsMiracle-Gro's Miracle-Gro team has partnered with Martha Stewart to create a Beginner's Guide to Gardening. With approximately $3.6 billion in sales, ScottsMiracle-Gro is the world's largest marketer of branded consumer products for lawn and garden care, featuring popular brands like Scotts, Miracle-Gro, and Ortho.
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