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The latest update is out from Scotts Miracle-Gro Company ( (SMG) ).
The Scotts Miracle-Gro Company, a leading North American marketer of branded consumer lawn and garden products under the Scotts, Miracle-Gro, Ortho and Tomcat brands, reported strong financial results for its second quarter ended March 28, 2026. The consumer-focused business, which generates about $3.3 billion in annual sales, sells primarily through major retailers and benefits from its established market share in lawn care, gardening and pest control.
For the quarter, net sales rose 5% to $1.46 billion, while GAAP and non-GAAP gross margin improved by 280 and 240 basis points, respectively, lifting adjusted EBITDA by 9% and boosting GAAP earnings from continuing operations to $4.46 per share. Management highlighted improved net leverage of 3.71x, down from 4.41x a year earlier, and reaffirmed its fiscal 2026 outlook, signaling continued focus on margin expansion, modest U.S. consumer sales growth, stronger free cash flow and capacity for shareholder-friendly actions such as its multi-year share repurchase program.
The most recent analyst rating on (SMG) stock is a Buy with a $79.00 price target. To see the full list of analyst forecasts on Scotts Miracle-Gro Company stock, see the SMG Stock Forecast page.
Spark’s Take on SMG Stock
According to Spark, TipRanks’ AI Analyst, SMG is a Neutral.
The score is anchored by a mixed financial profile: improved margins and strong free cash flow are positive, but negative equity and high debt keep risk elevated. The latest earnings call was broadly supportive with reiterated FY2026 targets and improving leverage, while technical signals are neutral and valuation is helped by the dividend but constrained by a negative P/E.
To see Spark’s full report on SMG stock, click here.
More about Scotts Miracle-Gro Company
The Scotts Miracle-Gro Company is a leading marketer of branded consumer lawn and garden products in North America, generating approximately $3.3 billion in annual sales. Its portfolio includes market-leading brands such as Scotts, Miracle-Gro, Ortho and Tomcat, which hold strong positions across key lawn care, gardening and pest control categories.
The company focuses on the consumer segment with a broad retail presence, leveraging its well-recognized brands to drive demand for fertilizers, soils, plant food, weed and pest control products. Its scale and brand strength position it as a key beneficiary of seasonal lawn and garden spending trends across the region.
Average Trading Volume: 915,083
Technical Sentiment Signal: Buy
Current Market Cap: $3.93B
Learn more about SMG stock on TipRanks’ Stock Analysis page.