SCOTTS MIRACLE-GRO CO

Miracle-Gro, a brand of The Scotts Miracle-Gro Company, will showcase its modernized and integrated organic portfolio at Cultivate '26 in Columbus, Ohio. The display, running from July 12-14, aims to cater to new generations of gardeners with solutions for both indoor and outdoor growing. Martha Stewart, the company's Chief Gardening Officer, will make an appearance, and the exhibit will also feature Bonnie Plants, a joint-venture partner. The company will highlight new organic products like the Raised Bed Revitalizer and new organic plant food solutions.

The Scotts Miracle-Gro Company announced a strategic leadership succession, naming Nathan E. Baxter as President & Chief Executive Officer, effective June 26, 2026. Mr. Baxter, previously President & COO, also joins the Board of Directors. Peter Shumlin, Lead Independent Director, was elected Chairman of the Board, succeeding James Hagedorn, who resigned as CEO and Chairman as part of a long-term succession plan. The company also detailed compensation for Mr. Baxter and severance arrangements for Mr. Hagedorn, while reaffirming its Fiscal 2026 guidance.

Scotts Miracle-Gro announced a significant leadership transition, appointing Nate Baxter as President and CEO, effective immediately. Baxter also joins the Board of Directors. Concurrently, independent Lead Director Pete Shumlin was elected Chairman of the Board. These changes are part of a long-term internal succession plan, as Jim Hagedorn, CEO since 2001 and Chairman since 2003, transitions from his roles. The company also reaffirmed its previously provided Fiscal 2026 guidance, including low single-digit U.S. Consumer net sales growth and non-GAAP adjusted net income per share of $4.15 to $4.35.

Scotts Miracle-Gro Company announced the appointment of Nick Miaritis as Executive Vice President and Chief Brand Officer, a newly created position. This strategic move is central to the company's SMG 2.0 transformation, aiming to establish ScottsMiracle-Gro as a premier outdoor lifestyle brand. Miaritis, formerly chief client officer at VaynerMedia, will lead all marketing strategies and brand oversight, reporting to President and COO Nate Baxter. The appointment is expected to drive channel expansion, category growth, and consumer engagement through enhanced digital and social marketing efforts.

ScottsMiracle-Gro announced a $1 million contribution to the National Park Service to support restoration efforts for the White House South Lawn. The donation includes both monetary and product support, specifically a custom turfgrass blend developed by the company's R&D team, along with technical assistance. This initiative is part of ScottsMiracle-Gro's broader participation in America's 250th anniversary celebrations and aligns with its purpose to "GroMoreGood."

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.

The Scotts Miracle-Gro Company announced its participation in the William Blair 46th Annual Growth Stock Conference in Chicago on Wednesday, June 3, 2026. President and Chief Operating Officer Nate Baxter and Chief Financial Officer Mark Scheiwer will discuss current business strategies at approximately 3:20 p.m. CT. Investors can access a live webcast of the presentation and an archived version for 90 days on the Company's investor relations website.

Scotts Miracle-Gro reported increased net income for the three months ended March 28, 2026, reaching $238.6 million, up from $217.5 million year-over-year. Net sales also rose to $1,459.5 million. However, for the six-month period, net income decreased to $113.6 million from $148.0 million, primarily due to significant losses from discontinued operations. The company completed the divestiture of its Hawthorne business in North America and the Netherlands, classifying it as a discontinued operation, which resulted in substantial valuation adjustments.

The Scotts Miracle-Gro Foundation and KidsGardening announced 120 recipients of the 2026 GroMoreGood Grassroots Grant. This annual initiative funds local programs to establish or expand youth-focused gardens and outdoor play spaces, aiming to connect over 23,576 youth with garden-based learning opportunities across 37 states and U.S. territories. The grants, distributed in early spring 2026, support community resilience and provide hands-on nature connection.

Scotts Miracle-Gro reported strong second-quarter fiscal 2026 results, with net sales increasing 5% to $1.46 billion and diluted EPS from continuing operations rising 18% to $4.46. The company achieved a significant gross margin rate improvement of 280 basis points to 41.8% and reduced its net leverage to 3.71x. Management reaffirmed its fiscal 2026 guidance, citing continued strong sales and positive momentum in April.