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.
The Scotts Miracle-Gro Company (NYSE: SMG) generates a steady flow of news related to its position in branded consumer lawn and garden products and its participation in indoor and hydroponic growing. Company news releases describe ScottsMiracle-Gro as the world’s largest marketer of branded consumer products for lawn and garden care and a leader in indoor and hydroponic growing through its Hawthorne segment.
On this page, readers can follow announcements on topics such as quarterly and full‑year financial results, dividend declarations and updates to fiscal guidance. Recent releases have highlighted gross margin trends, earnings per share performance, free cash flow, leverage metrics and reaffirmed outlooks for the U.S. Consumer segment and consolidated results.
ScottsMiracle-Gro also issues news about its capital allocation and financing, including changes to credit agreements and receivables facilities, as well as corporate governance developments like board appointments and executive compensation practices. The company’s communications frequently discuss its GroMoreGood purpose and Corporate Responsibility initiatives, including recyclable packaging, waste reduction, water conservation and partnerships with environmental nonprofits.
Another recurring theme in the company’s news is its role in indoor and hydroponic growing through The Hawthorne Gardening Company. Releases have addressed how cannabis policy developments and capital spending by legal cannabis operators may affect Hawthorne’s growth prospects and the company’s strategy to combine Hawthorne with a cannabis‑dedicated company.
Brand and community news, such as the long‑term partnership with the Columbus Crew and stadium naming rights for ScottsMiracle-Gro Field, also feature in the company’s updates. Investors, analysts and consumers can use this news feed to review the company’s public statements on financial performance, strategy, sustainability efforts and brand partnerships over time.
ScottsMiracle-Gro (SMG) and Project EverGreen have initiated the second phase of renovation at Barrios Unidos Park in Phoenix, following completion of phase one in fall 2024. The project, valued at $150,000, aims to combat urban heat island effects in one of Phoenix's most heat-stressed neighborhoods.
The first phase included planting 50 mature shade trees and expanding irrigation systems. The second phase, launched May 14, 2025, focuses on revitalizing the park's softball field with Bermudagrass sod installation and adding 80 native plants. According to Project EverGreen's Clean Air Calculator, the enhanced green space will sequester over 250,000 pounds of carbon and produce more than 381,000 thousand yards of clean air, equivalent to removing emissions from 32 cars annually.
ScottsMiracle-Gro reported its Q2 2025 financial results, showing significant margin improvements despite lower sales. The company's Q2 sales declined 7% to $1.42 billion, with U.S. Consumer sales down 5% to $1.31 billion due to a slower start to the lawn and garden season.
Key highlights include:
- GAAP gross margin improved to 38.6% (up 820 basis points)
- Non-GAAP adjusted EBITDA reached $402.8 million
- Consumer POS units increased 12% through first half
- Net leverage reduced to 4.41x from 6.95x year-over-year
- GAAP EPS of $3.72 and non-GAAP Adjusted EPS of $3.98
The company reaffirmed its full-year guidance for U.S. Consumer segment net sales, adjusted gross margin, and free cash flow. However, due to cannabis industry uncertainty, Hawthorne segment revenue guidance was withdrawn.
ScottsMiracle-Gro (NYSE: SMG) announced strong performance indicators during CEO Jim Hagedorn's appearance on CNBC Mad Money on April 25, 2025. The company, a leading marketer of consumer lawn and garden products, reported double-digit growth in Point of Sale (POS) units through the first half of the fiscal year, driven by successful joint promotion and consumer activation programs with retailers.
The company will release complete financial results for the second quarter and first half of the fiscal year on April 30, 2025, before market opening, followed by a video presentation and Q&A session at 9 a.m. ET.
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.