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Scotts Miracle-Gro Company (SMG)
NYSE:SMG
Earnings Data
Report Date
Jul 30, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
2.22Last Year’s EPS
2.31Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 30, 2025
|% Change Since: 14.08%
|Next Earnings Date:Jul 30, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant progress in gross margin recovery, market share gains, and reduction in leverage. While net sales and Hawthorne's performance have declined, the overall sentiment remains positive due to strong consumer takeaway, effective cost reduction strategies, and reaffirmed guidance.Company Guidance
In the recent earnings call, Scotts Miracle-Gro reaffirmed its full-year guidance, projecting EBITDA between $570 million and $590 million, despite a 7% decline in net sales for the second quarter compared to the previous year. The company reported a significant 12.1% increase in POS units, driven by strong performance in the garden and mulch segments, which were up 16% and 46%, respectively. Gross margin improved by nearly 500 basis points through the first half of the fiscal year, attributed to lower material costs and improved product mix. The company achieved a $36 million increase in adjusted EBITDA in the first half and reduced leverage to 4.41 times, with plans to reach a gross margin rate above 35% by fiscal year-end. Despite ongoing challenges in the Hawthorne segment, the company remains confident in its financial position, bolstered by a strategic focus on cost savings and promotional activities.Reaffirmed Full Year Guidance
The company reaffirmed its full-year guidance of $570 million to $590 million of EBITDA and no expected impact on margins or pricing from tariffs in fiscal '25.
Strong Consumer Takeaway and Market Share Gains
Delivered double-digit increases in consumer takeaway, gained market share, and maintained strong momentum despite macroeconomic volatility.
Substantial Gross Margin Recovery
Achieved nearly 500 basis point recovery in gross margin and a $36 million EBITDA increase in the first half.
Positive Developments in Lawn Business
POS units for the lawn business increased by 4%, with Turf Builder Halts up 67%. Strategies to promote multi-bag purchases and regular feedings are showing initial success.
Successful Transformation and Cost Reduction
On track for more than $75 million in supply chain cost reductions this year, with a larger goal of $150 million by fiscal '27.
Hawthorne's Positive EBITDA Performance
Hawthorne delivered two consecutive EBITDA-positive quarters, indicating improvements in the cannabis sector's balance.
Reduction in Leverage
Reduced leverage to 4.41 times net debt to adjusted EBITDA, comfortably below the covenant maximum of 5.25.
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SMG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SMG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2025 | $53.54 | $50.38 | -5.90% |
Jan 29, 2025 | $74.94 | $70.60 | -5.79% |
Nov 06, 2024 | $91.69 | $72.88 | -20.51% |
Jul 31, 2024 | $68.25 | $76.38 | +11.91% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Scotts Miracle-Gro Company (SMG) report earnings?
Scotts Miracle-Gro Company (SMG) is schdueled to report earning on Jul 30, 2025, TBA Not Confirmed.
What is Scotts Miracle-Gro Company (SMG) earnings time?
Scotts Miracle-Gro Company (SMG) earnings time is at Jul 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SMG EPS forecast?
SMG EPS forecast for the fiscal quarter 2025 (Q3) is 2.22.
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