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MARYSVILLE, Ohio, June 05, 2025 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE: SMG), the world’s leading marketer of branded consumer lawn and garden as well as a leader in indoor and hydroponic growing products, announced today that it is reaffirming its full fiscal year 2025 guidance. The Company is providing the guidance update through the first two months of its fiscal third quarter in advance of its presentation today at the William Blair Annual Growth Stock Conference.
Additionally, the Company reported that it continued to drive consumer POS unit and dollar growth during the peak lawn and garden season. Through the Memorial Day weekend, the year-to-date increases in POS units and POS dollars were in line with POS trends in the first half of the fiscal year.
The Company also projects interest expense to be approximately $30 million lower than prior year compared to its previous estimate of a $15 million to $20 million decrease, and it projects diluted share count increase to be approximately 1 million compared to its previous estimate of 2 million. The Company expects non-GAAP adjusted earnings per diluted share to be at least $3.50, a 53% increase versus prior year.
“With the peak lawn and garden season upon us, we continue to drive positive outcomes on multiple fronts, a reflection of the health of our consumer coupled with the power of our incremental marketing investments and retailer promotional programs,” said Jim Hagedorn, chairman and CEO. “We feel good about our overall performance and expect to meet our financial commitments for the fiscal year, creating a foundation to achieve our multi-year objectives aimed at improving shareholder returns.”
Chief Financial Officer Mark Scheiwer added, “The strong consumer takeaway, along with the pace of retailer replenishment thus far in the third quarter, solidifies our confidence in the full-year guidance. Delivering on our adjusted EBITDA and free cash flow targets will enable us to exit 2025 with a significantly improved debt position that will put us on a path to realize our goal of getting leverage below 3.5 by the end of fiscal 2027.”
Detailed Outlook for Fiscal Year 2025
The Company is reaffirming its previously announced fiscal year 2025 guidance of:
The Company will provide more commentary today when it participates in the William Blair 45th Annual Growth Stock Conference in Chicago at 9:40 a.m. ET. Investors and other interested parties may listen to a live webcast of the presentation from the events page of the Company’s investor relations website. An archive of the webcast will be available on the website for at least 90 days.
About ScottsMiracle-Gro
With approximately $3.6 billion in sales, the Company is the world’s largest marketer of branded consumer products for lawn and garden care. The Company’s brands are among the most recognized in the industry. The Company’s Scotts®, Miracle-Gro®, and Ortho® brands are market-leading in their categories. The Company’s wholly-owned subsidiary, The Hawthorne Gardening Company, is a leading provider of nutrients, lighting, and other materials used in the indoor and hydroponic growing segment. For additional information, visit us at www.scottsmiraclegro.com.
Cautionary Note Regarding Forward-Looking Statements
Statements contained in this press release, other than statements of historical fact, which address activities, events and developments that the Company expects or anticipates will or may occur in the future, including, but not limited to, information regarding the future economic performance and financial condition of the Company, the plans and objectives of the Company’s management, and the Company’s assumptions regarding such performance and plans are “forward-looking statements” within the meaning of the U.S. federal securities laws that are subject to risks and uncertainties. These forward-looking statements generally can be identified as statements that include phrases such as “guidance,” “outlook,” “projected,” “believe,” “target,” “predict,” “estimate,” “forecast,” “strategy,” “may,” “goal,” “expect,” “anticipate,” “intend,” “plan,” “foresee,” “likely,” “will,” “should” or other similar words or phrases. Actual results could differ materially from the forward-looking information in this release due to a variety of factors, including, but not limited to:
Additional detailed information concerning a number of the important factors that could cause actual results to differ materially from the forward-looking information contained in this release is readily available in the Company’s publicly filed quarterly, annual and other reports. The Company disclaims any obligation to update developments of these risk factors or to announce publicly any revision to any of the forward-looking statements contained in this release, or to make corrections to reflect future events or developments.
For investor inquiries:
Brad Chelton Vice President
Treasury, Tax and Investor Relations
[email protected]
(937) 309-2503
For media inquiries:
Tom Matthews
Chief Communications Officer
[email protected]
(937) 644-7044
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