Scotts Miracle-Gro misses Q1 revenue estimates, to sell Hawthorne unit, sets buyback
Scotts Miracle-Gro Company Class A SMG | 0.00 |
Overview
Lawn and garden products firm's fiscal Q1 revenue missed analyst expectations
Adjusted EBITDA for fiscal Q1 beat analyst expectations
Company announced divestiture of Hawthorne and $500 mln share repurchase program
Outlook
Scotts Miracle-Gro reaffirms fiscal 2026 guidance despite Hawthorne divestiture
Company expects fiscal 2026 U.S. Consumer net sales low single-digit growth
Scotts Miracle-Gro plans share repurchase program to start in late 2026
Result Drivers
MARGIN IMPROVEMENT - Co reported gross margin rate improvement by 90 basis points over prior year
Key Details
Metric |
Beat/Miss |
Actual |
Consensus Estimate |
Q1 Sales |
Miss |
$354.40 mln |
$358.43 mln (7 Analysts) |
Q1 EPS |
|
-$2.16 |
|
Q1 Net Income |
|
-$125 mln |
|
Q1 Adjusted EBITDA |
Beat |
$3 mln |
-$11.12 mln (6 Analysts) |
Q1 Gross Margin |
|
88.70% |
|
Q1 Basic EPS |
|
-$2.16 |
|
Q1 Operating Income |
|
-$21.80 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
Wall Street's median 12-month price target for Scotts Miracle-Gro Co is $70.00, about 10.7% above its January 27 closing price of $63.23
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 13 three months ago
Press Release: ID:nGNX7SpRm2
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