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Scotts Miracle-Gro Company (SMG)
NYSE:SMG
RESEARCH TOOLSreports
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
3.97Last Year’s EPS
3.69Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 29, 2025
|% Change Since: -16.93%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted a strong start to fiscal 2025 with significant improvements in gross margin and cost savings. However, challenges remain, particularly with the Hawthorne segment and restructuring costs. The sentiment leans towards cautious optimism given the strong consumer segment performance and supply chain efficiencies.Company Guidance
During the Scotts Miracle-Gro First Quarter Earnings Conference Call, detailed guidance was provided, emphasizing strong fiscal year 2025 performance metrics. The company anticipates sustained sales growth of at least 3% annually, driven by higher-margin products and innovation across all consumer business channels. They aim to be the lowest cost manufacturer of high-performance products, targeting gross margin improvement up to 35% with mid- to high single-digit EBITDA growth. Additionally, they plan to generate strong free cash flow to facilitate shareholder-friendly actions, such as reducing share count and potentially issuing special dividends. The company also highlighted the importance of their consumer franchise, with a focus on expanding their demographic reach and increasing investments in advertising, which will account for nearly 20% of sales. They reported a 12% increase in POS and a significant improvement in gross margin, with a target of achieving a 30% gross margin for the full year. The call underscored the importance of strategic initiatives to streamline operations, enhance supply chain efficiencies, and explore opportunities in the burgeoning online market, all aimed at delivering consistent financial growth through fiscal 2027.Strong First Quarter Performance
Sales on a company-wide basis were $417 million, up from $410 million. U.S. consumer volume gains increased 11% to $341 million from $307 million.
Gross Margin Improvement
Achieved over 750 basis points of improvement in GAAP and non-GAAP adjusted gross margin rates. The GAAP rate was 22.7% versus 15.2% in prior year.
Supply Chain Cost Savings
On track to achieve $75 million of cost savings in fiscal '25 as part of a $150 million 3-year target.
Successful Retailer Programs
The company noted a nearly 10% POS lift last year, outperforming the category by 3x.
Hawthorne Profitability
While Hawthorne sales declined, its profitability improved significantly, contributing approximately $20 million of EBITDA for the full year.
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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 |
|---|---|---|---|
| Jan 29, 2025 | $75.73 | $71.35 | -5.78% |
| Nov 06, 2024 | $92.66 | $73.65 | -20.52% |
| Jul 31, 2024 | $68.98 | $77.19 | +11.90% |
| May 01, 2024 | $66.64 | $66.35 | -0.44% |
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 Apr 30, 2025, TBA Not Confirmed.
What is Scotts Miracle-Gro Company (SMG) earnings time?
Scotts Miracle-Gro Company (SMG) earnings time is at Apr 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 (Q2) is 3.97.
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