Scotts Miracle-Gro ( (SMG) ) has released its Q1 earnings. Here is a breakdown of the information Scotts Miracle-Gro presented to its investors.
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Scotts Miracle-Gro is the largest marketer of branded consumer lawn and garden products, known for its leading position in both outdoor and indoor gardening sectors, including hydroponics.
In the recent earnings report, Scotts Miracle-Gro showcased a positive start to the fiscal year 2025 with strong retailer and consumer engagement in its U.S. Consumer segment, signaling a promising outlook for the upcoming lawn and garden season.
The company’s U.S. Consumer net sales rose by 11%, driven by strong fall campaigns and retailer support for the spring season. Despite a 35% decline in the Hawthorne segment sales due to strategic restructuring, the overall gross margin improved significantly. Scotts reported a non-GAAP adjusted EBITDA of $4 million, marking a notable $30 million improvement from the previous year. The company also managed to lower its interest expense by 21%, enhancing its financial stability.
Looking ahead, Scotts Miracle-Gro reaffirms its full-year guidance, expecting continued growth in U.S. Consumer sales and improved financial performance with adjusted EBITDA projected between $570 million to $590 million. This positions the company well for the upcoming peak lawn and garden season.
