ScottsMiracle-Gro Reports Strong Fiscal 2026 Full-Year Results
Key Highlights
- ➤Fiscal 2026 net sales $3.29 billion, up 1% year over year
- ➤Non-GAAP adjusted EPS $4.48, up 18% and above guidance
- ➤GAAP gross margin 32.3%, expanding 100 basis points year over year
- ➤Fiscal 2027 sales growth forecast at 2% to 4%
- ➤Fiscal 2027 adjusted EPS guidance set at $4.70 to $4.90
Expert Statements
Nate Baxter, President and CEO of The Scotts Miracle-Gro Company
“I’m pleased with our performance and financial discipline in fiscal 2026, as we delivered on all our imperatives and significantly strengthened our balance sheet.”
Nate Baxter, President and CEO of The Scotts Miracle-Gro Company
“At the same time, we are making important investments to transform our business into a modern lifestyle company with iconic brands in a category that is growing.”
Nate Baxter, President and CEO of The Scotts Miracle-Gro Company
“As we look to fiscal 2027, we have developed a sound plan that relies on what we can control and enables us to navigate a volatile macroeconomic environment while further advancing the building blocks of our SMG 2.0 strategy.”
Nate Baxter, President and CEO of The Scotts Miracle-Gro Company
“We will build on this momentum to drive sustainable and consistent growth.”
Mark Scheiwer, Chief financial officer and chief accounting officer of The Scotts Miracle-Gro Company
“We met or exceeded our fiscal 2026 commitments for net sales, gross margin, EPS, free cash flow and leverage ratio.”
Mark Scheiwer, Chief financial officer and chief accounting officer of The Scotts Miracle-Gro Company
“Importantly, we expanded our gross margin despite a challenging commodity and freight environment and delivered adjusted earnings per share above our guidance.”
Mark Scheiwer, Chief financial officer and chief accounting officer of The Scotts Miracle-Gro Company
“Our fiscal 2027 outlook reflects pricing and innovation, SG&A efficiencies and supply chain savings supported by our continued capital reinvestment.”
Mark Scheiwer, Chief financial officer and chief accounting officer of The Scotts Miracle-Gro Company
“We remain committed to de-levering with a path to 3.0 to 3.5x by fiscal 2029.”
Fiscal 2027 guidance calls for continued top-line and bottom-line growth
MARYSVILLE, Ohio, Nov. 04, 2026 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE: SMG), home to North America’s leading consumer lawn and garden brands, today announced its results for the fourth quarter and full fiscal year ended September 30, 2026.
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