{"id":986237,"date":"2026-07-29T06:53:18","date_gmt":"2026-07-29T10:53:18","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/scottsmiracle-gro-reports-third-quarter-results-updates-full-year-outlook-reflecting-accelerated-eps-growth\/"},"modified":"2026-07-29T06:53:18","modified_gmt":"2026-07-29T10:53:18","slug":"scottsmiracle-gro-reports-third-quarter-results-updates-full-year-outlook-reflecting-accelerated-eps-growth","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/scottsmiracle-gro-reports-third-quarter-results-updates-full-year-outlook-reflecting-accelerated-eps-growth\/","title":{"rendered":"ScottsMiracle-Gro Reports Third Quarter Results; Updates Full-Year Outlook Reflecting Accelerated EPS Growth"},"content":{"rendered":"

\nCompany raises its full-year non-GAAP adjusted EPS from continuing operations guidance to $4.30 to $4.45, up from the prior guidance of $4.15 to $4.35
\n<\/h2>\n
\n

MARYSVILLE, Ohio, July 29, 2026 (GLOBE NEWSWIRE) — The Scotts Miracle-Gro Company (NYSE: SMG), the leading marketer of branded consumer lawn and garden products in North America, today reported results for the third quarter ended June 27, 2026, and updated full-year guidance.<\/p>\n

\u201cOur performance year to date demonstrates we are on track for the guidance we provided at the start of the fiscal year,\u201d said Nate Baxter, president and CEO. \u201cAt the same time we are making meaningful strides with our multi-year SMG 2.0 growth strategy through channel expansion, innovation and a shift in how we are engaging with consumers. We have positioned ourselves well to strengthen the building blocks of SMG 2.0, putting us on a path to drive long-term sustainable growth and shareholder value.\u201d<\/p>\n

Mark Scheiwer, chief financial officer and chief accounting officer, added, \u201cWe have consistently met or exceeded every one of our financial commitments this year by diligently managing our margin profile and strengthening the balance sheet. The increase in our EPS guidance is a reflection of this work as we continue to take a disciplined approach to execution while making strategic investments in our business and brands to help drive current and future profitability.\u201d<\/p>\n

Additionally, the Hagedorn Partnership, L.P., the largest shareholder of the Company, has expressed its support for Baxter, who joined the Company in 2023 and was announced as president and CEO on June 29 after previously serving as president and COO. Baxter succeeded Jim Hagedorn, who completed a nearly 40-year career with ScottsMiracle-Gro and served as CEO since 2001.<\/p>\n

\u201cOur family\u2019s partnership fully supports Nate and his strategic vision for ScottsMiracle-Gro,\u201d said Hope Reeves, chair of the Hagedorn Partnership. \u201cWe are incredibly grateful for Jim\u2019s inspired leadership and remain fully committed to the Company our family helped build. Horace Hagedorn, father and grandfather to many of us, invented Miracle-Gro 75 years ago, and we couldn\u2019t be more optimistic about SMG\u2019s future.\u201d<\/p>\n

\n
\n Fiscal 2026 Third Quarter Highlights<\/u>
\n <\/strong>\n <\/p>\n