The Scotts Miracle-Gro Company (SMG) reported a 2.1% increase in U.S. Consumer sales and a 6.1% rise in segment profits for the first nine months of fiscal 2026, with adjusted gross margins improving 110 basis points to 35.8%. Management has raised its fiscal 2026 adjusted EPS guidance to between $4.30 and $4.45, despite challenges such as higher transportation costs and weak lawn product demand.
As of June 27, 2026, Scotts Miracle-Gro’s total debt stood at approximately $2.11 billion, with a leverage ratio of 3.78, down from 4.15 the previous year. The company generated $195.2 million in cash from operations during the period and paid $116.3 million in dividends, emphasizing a commitment to returning capital to shareholders.
Despite achieving sales growth in e-commerce, the overall demand for lawn products suffered, as indicated by a 1% decline in branded lawn point-of-sale figures. The company noted that its adjusted gross margin fell by 100 basis points to 31.3% in the third quarter of fiscal 2026, primarily due to increasing transportation expenses.
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