Backs FY26 adjusted EBITDA view up mid single-digits. Backs FY26 free cash flow view $275M. Scotts Miracle-Gro (SMG) announced that it is reaffirming its fiscal 2026 guidance as it does not expect the significant global commodity impacts from the Iran War to affect its full-year outlook. The company noted that approximately 80% of its commodities for the fiscal year were locked by the close of its second quarter on March 28. Additionally, around 90% of its cost of goods sold are sourced domestically, including nearly 100% of the urea that is a primary input in its fertilizer products. The company obtains urea from reliable suppliers under previously negotiated contracts.
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