Market Share and POS Growth
Scotts Miracle-Gro gained an additional 2% market share, with POS units across categories up 8% year-to-date, following a 9% growth in the previous year.
Financial Performance
Year-to-date, EBITDA increased 9% and EPS rose 24%. Gross margin is above 30%, and leverage improved by more than 1.25 turns.
E-commerce Expansion
Online POS unit sales increased by 54%, with e-commerce sales now representing approximately 10% of total POS dollars.
Innovation and R&D Pipeline
The R&D pipeline includes more natural and organic solutions, accounting for 1/5 of total soil sales. New product launches like Ortho's mosquito control sold out quickly.
Lawn and Garden Resilience
Lawn and garden unit volume growth since 2019 is 30%, highlighting the resilience of the category.