The Scotts Miracle-Gro Company (SMG), a provider of branded consumer lawn and garden products, on Thursday reaffirmed annual guidance as it does not expect major global commodity impacts from the Iran War to hurt its annual outlook.
The company noted that around 80% of its commodities for fiscal year were locked by the close of its second quarter on March 28. In addition, around 90% of its cost of goods sold was sourced domestically, including nearly 100% of the urea, a primary input in its fertilizer products.
As announced on January 28, for fiscal 2026, Scotts Miracle-Gro Company expects adjusted earnings from continuing operations of $4.15 to $4.35 per share.
Excluding items, the company anticipates mid-single-digit EBITDA growth for the full year.
Scotts Miracle-Gro Company expects low single-digit U.S. consumer net sales growth.
For fiscal 2025, the company had recorded adjusted earnings of $3.74 per share, with adjusted EBITDA of $581 million, on the U.S. consumer net sales of $2.99 billion.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.