Earnings ·
The Scotts Miracle-Gro Company reported third-quarter results for the period ended June 27, 2026, and updated its…
SMGScotts Miracle-Gro Co
The Scotts Miracle-Gro Company reported third-quarter results for the period ended June 27, 2026, and updated its full-year financial outlook. Net sales increased 1% to $1.17 billion, while non-GAAP adjusted diluted EPS from continuing operations rose 8% to $2.82 per share. The company raised its full-year non-GAAP adjusted EPS guidance to a range of $4.30 to $4.45, up from the previous estimate of $4.15 to $4.35. GAAP diluted EPS declined 34% to $1.75 due to impairment and restructuring charges totaling approximately $48 million in the quarter. The filing also notes that Hagedorn Partnership supports CEO Nate Baxter following the transition from founder Jim Hagedorn. The Scotts Miracle-Gro Company operates as a marketer of branded consumer lawn and garden products.