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.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SMG:
- Scotts Miracle-Gro downgraded to Neutral from Overweight at JPMorgan
- Scotts Miracle-Gro: Solid Franchise but Rising Input Costs and Leverage Limit Upside, Justifying a Hold Rating
- Scotts Miracle-Gro, Bonnie Plants, Gardenuity launch Inspired to Gro collection
- Scotts Miracle-Gro price target raised to $79 from $70 at Stifel
- Scotts Miracle-Gro: Strengthened Core Franchise and Financial Tailwinds Support Attractive Risk/Reward and Buy Rating