Scotts Miracle-Gro Raises Full-Year Adjusted EPS Guidance to $4.30-$4.45
Scotts Miracle-Gro reported results for the quarter ended June 27, 2026, and raised its full-year non-GAAP adjusted EPS from continuing operations guidance to $4.30 to $4.45, up from $4.15 to $4.35. Third-quarter net sales rose 1% to $1.17 billion, but GAAP diluted EPS from continuing operations fell 34% to $1.75 on impairment, restructuring and other items, so shareholders face a higher non-GAAP outlook alongside larger GAAP charges and lower gross margin.
Key points
- Full-year non-GAAP adjusted diluted EPS from continuing operations guidance raised to $4.30 to $4.45, from $4.15 to $4.35.
- Third-quarter net sales of $1.17 billion, up 1%; GAAP diluted EPS from continuing operations of $1.75, down 34%.
- Third-quarter adjusted diluted EPS of $2.82, up 8%; GAAP gross margin rate of 31.2%, down 90 basis points on higher freight and commodity costs.
- Free cash flow of $275 million and mid single-digit adjusted EBITDA growth reaffirmed; Nate Baxter was announced as president and CEO on June 29.
The filing
Written by AI on Nov 8, 2026, 1:01 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 29, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.