Quarterly UpdatesJun 3, 2026, 07:01 AM
Scotts Miracle-Gro Reaffirms FY26 Guidance; POS Up 1% YTD
AI Summary
Scotts Miracle-Gro reaffirmed its full fiscal year 2026 guidance, citing positive trends and strong confidence in achieving its financial targets. The company reported year-to-date branded consumer point-of-sale dollars are up around 1% and approximately 90% of commodities are locked for the fiscal year, supporting a gross margin guidance of at least 32%. Management expressed confidence in delivering net sales growth, gross margin expansion, and profitability improvement, with plans to initiate a share repurchase program by year-end.
Key Highlights
- Reaffirmed FY26 guidance for U.S. Consumer net sales: low single-digit growth.
- Projected Non-GAAP adjusted gross margin: at least 32%.
- Anticipated Non-GAAP adjusted net income per share: $4.15 to $4.35.
- Expected Non-GAAP adjusted EBITDA: mid single-digit growth.
- Forecasted free cash flow: approximately $275 million, reducing leverage to high 3's.
- Year-to-date branded consumer POS dollars: up around 1% versus prior year.
- Approximately 90% of commodities locked for fiscal 2026.
- Share repurchase program to begin by the end of the calendar year.
Price Impact
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