Latest news with #ScottsMiracle-Gro
Yahoo
2 days ago
- Business
- Yahoo
Why Scotts Miracle-Gro Stock Popped by 11% Today
Scotts Miracle-Gro reiterated its guidance for the entirety of the current fiscal year. It has forecast modest growth in revenue. 10 stocks we like better than Scotts Miracle-Gro › One of the better sources of growth in the stock market on Thursday could be found with Scotts Miracle-Gro (NYSE: SMG) shares. The veteran gardening supplies company enjoyed an 11% surge across the trading session, after it reiterated its bullish guidance for the entirety of its fiscal 2025. And that was on a generally bearish day for the market as a whole, as the S&P 500 (SNPINDEX: ^GSPC) landed in negative territory with a 0.5% dip. Before the market open, Scotts felt compelled to update investors on its projections for the fiscal year. The company is sticking to its existing forecasts, which are counting on U.S. consumer net sales growing at a low-single-digit percentage rate compared to fiscal 2024,with non-GAAP (generally accepted accounting principles) adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) coming in at $570 million to $590 million. The company has not provided net income guidance. That contrasts favorably with the average consensus analyst estimate. Collectively, prognosticators tracking Scotts stock are anticipating a single-digit percentage decline in revenue for fiscal 2025. They are modeling $3.44 billion, a figure that's more than 3% below the previous year's result. Scotts is generally more on investor radars at this time of the year because we're in growing season, the period where individual and institutional growers alike do much of their planting. The company quoted CEO Jim Hagedorn as saying, "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." While it's encouraging that Scotts management continues to stand by its revenue growth projections, to me that's not enough to get excited about the stock. This is essentially a slow-growing, mature business at its core that pays an attractive dividend yielding 4.1% at present. To my mind, that makes it something of an income stock play, but I wouldn't count on great leaps in the fundamentals. Before you buy stock in Scotts Miracle-Gro, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Scotts Miracle-Gro wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $668,538!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $869,841!* Now, it's worth noting Stock Advisor's total average return is 789% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool recommends Scotts Miracle-Gro. The Motley Fool has a disclosure policy. Why Scotts Miracle-Gro Stock Popped by 11% Today was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
27-05-2025
- Health
- Associated Press
ScottsMiracle-Gro Partners With Farm-to-Schools Program in Columbus: Bringing the School Community Together
In part three of this three part series, we explore how the Columbus City Schools (CCS) student Green Team built an ambassador team that shared their community garden with other students and other clubs. While the subject is about gardening, the gardening program is also about their social and emotional wellness. The magic that grows as kids discover gardening Our purpose to GroMoreGood takes many forms. One of those special moments happened with Columbus City Schools in Ohio, where the magic of a single idea blossomed beyond its original intent and became something bigger, something greater. The growth journey of the Columbus City Schools program epitomizes GroMoreGood. A new generation of kids is developing a lifelong connection to the earth. The idea Early in her career, school teacher Katie Young had a writing assignment for her students that was based on a simple question: Do you know where food comes from? Not one of the students answered that it comes from the earth. Katie knew this had to change. In 2018, the Columbus City Schools Farm to School program was born in partnership with ScottsMiracle-Gro, The Scotts Miracle-Gro Foundation and The Ohio State University Extension. Teachers were given tools and Miracle-Gro supplies to teach kids how to create, tend to and harvest gardens full of fresh vegetables. Starting to grow The initial group of teachers embraced the program, and students did, too. Soon, more schools and teachers were brought into the program, and it started delivering results that exceeded all original expectations. Benefits beyond expectations Students experienced mental health benefits from touching the dirt and taking care of the plants on a regular basis. High school students talked about the therapeutic aspect of gardening and the way working with plants brought them a sense of peace. Another group of students created ways to invite the community to participate in the gardens, which went beyond the classroom. While elementary school students discovered that fresh foods are delicious, sometimes on their own and sometimes when added to a smoothie or pizza! Read more about ScottsMiracle-Gro and the partnership with the Columbus City Schools. Watch the video here. 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 Visit 3BL Media to see more multimedia and stories from ScottsMiracle-Gro
Associated Press
13-05-2025
- General
- Associated Press
ScottsMiracle-Gro Partners With Farm-to-Schools Program in Columbus: Beyond Your Typical Classroom
In part two of this three part series, we explore how in 2018, Columbus City Schools (CCS) partnered with Ohio State University Extension to develop a guidebook. The guidebook was shared with 46 CCS teachers who gave feedback about the guidebook. Scotts Miracle-Gro and Scotts Miracle Gro Foundation helped gather the supplies for the experience. Our purpose to GroMoreGood takes many forms. One of those special moments happened with Columbus City Schools in Ohio, where the magic of a single idea blossomed beyond its original intent and became something bigger, something greater. The growth journey of the Columbus City Schools program epitomizes GroMoreGood. A new generation of kids is developing a lifelong connection to the earth. The idea Early in her career, school teacher Katie Young had a writing assignment for her students that was based on a simple question: Do you know where food comes from? Not one of the students answered that it comes from the earth. Katie knew this had to change. In 2018, the Columbus City Schools Farm to School program was born in partnership with ScottsMiracle-Gro, The Scotts Miracle-Gro Foundation and The Ohio State University Extension. Teachers were given tools and Miracle-Gro supplies to teach kids how to create, tend to and harvest gardens full of fresh vegetables. Starting to grow The initial group of teachers embraced the program, and students did, too. Soon, more schools and teachers were brought into the program, and it started delivering results that exceeded all original expectations. Benefits beyond expectations Students experienced mental health benefits from touching the dirt and taking care of the plants on a regular basis. High school students talked about the therapeutic aspect of gardening and the way working with plants brought them a sense of peace. Another group of students created ways to invite the community to participate in the gardens, which went beyond the classroom. While elementary school students discovered that fresh foods are delicious, sometimes on their own and sometimes when added to a smoothie or pizza! Read more about ScottsMiracle-Gro and the partnership with the Columbus City Schools. Watch the video here. 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 Visit 3BL Media to see more multimedia and stories from ScottsMiracle-Gro
Yahoo
04-05-2025
- Business
- Yahoo
Scotts Miracle-Gro CEO raises eyebrows with tariff comments
Feed your stock. Feed it. TV viewers may recognize the variation of the Scotts Miracle-Gro () tagline that's in a series of commercials featuring the Scotts Lawn Guy, an aggressive Scottish character with an intense passion for lawns. 💵💰Don't miss the move: Subscribe to TheStreet's free daily newsletter 💰 Perhaps the Lawn Guy could exhort shares of the consumer lawn, garden and pest control products company into turning greener. The Marysville, Ohio, group's shares are down 20% since January and off nearly 22% from a year ago. Scotts also brought the lifestyle expert Martha Stewart on board as chief gardening officer. "Spring is probably one of my favorite times of the year," Stewart said during the company's April 30 earnings call. "Everything is coming alive, and I personally can't wait to get my gardens fully planted." Stewart told analysts that she was working to bring gardeners, "including the new generation, products that they will love and make part of their everyday lives." "And that is a very good thing," she said, and then handed the mic over to Chief Executive Jim Hagedorn. "It's a crazy and confusing macro environment for any company today, but I can simplify things," he said. "We're good. Our outlook is unchanged and we're reaffirming our full year guidance of $570 million to $590 million" of earnings before interest, taxes, depreciation and amortization. More Economic Analysis: Fed inflation gauge sets up stagflation risks as tariff policies bite U.S. recession risk leaps as GDP shrinks Like it or not, the bond market rules all As for the Trump administration's tariffs, which have been dominating the news and clobbering the markets, Hagedorn said "we're largely unaffected in fiscal '25." "We see no impact in our margins or pricing for this year," he said. "Historically, our equity has been a safe harbor in tough times. Everything you'll hear today is centered around getting back to that." Hagedorn told analysts that Scotts had plenty of pretariff inventory, and "we do not anticipate pricing actions in fiscal '25 due to tariffs, nor do we expect margin pressure. "If things change in '26, and we do feel more tariff and/or margin pressure, we will mitigate the impact and if necessary, take pricing," he said. Scotts posted mixed first-quarter results, beating earnings estimates but falling short of Wall Street's revenue forecasts "We delivered double-digit increases in consumer takeaway, gained market share and built momentum," Hagedorn said. "We're happy with our consumer product sales to retailers." He said unit volumes in the lawns business had declined and he challenged the team to develop a long-term solution. Early results have been promising.. "Consumers want a nice lawn all season long without a lot of work, but they don't always know how to make it happen," Hagedorn said. "The solution is regular feedings, to create a thicker lawn that is less susceptible to weeds and disease and ultimately has less need for pesticides and fungicides." However, the company got away from marketing regular feedings, and scrapped the one-bag approach for multibag use for specific problems such as weeds, bugs or disease. "It was effective in selling one bag of fertilizer, but it was ineffective in giving the consumer the lawn they really want," Hagedorn said. "This year, we've returned to a multibag strategy." Scotts also decided to pass the dutchie on the left hand side and get out of the cannabis business. Scotts had created a subsidiary for the business, Hawthorne, which made acquisitions in companies that sold marijuana cultivation supplies, and invested in a Canadian business directly involved in growing and selling last month the company transferred its investment in the growing and distribution business to Bad Dog Holdings, an 'independent strategic partner.' "We figured we'll be an early entrant, and that within three to five years — this is like 10 years ago — the feds would make the laws so that it wasn't federally a Schedule 1 narcotic," Hagedorn said in an interview with Barron's. 'We had a lot of faith the Democrats would do it." "Equities in pot companies were at a peak when Biden got elected, and you had a Democratic Senate and a Democratic House." Weed is still illegal on the federal level and 'you cannot deduct your business expenses," Hagedorn said. "Your top-line revenue is your taxable income, so you're paying about an 80% tax rate," he explained. "Throw on state and local taxes, and you cannot make money.' Hagedorn told analysts that "our next step is to sell Hawthorne Gardening to a dedicated cannabis company, by fiscal year end." JP Morgan analyst Jeffrey Zekauskas lowered the investment firm's price target on Scotts to $65 from $80 and affirmed an overweight rating on the shares. After the earnings report the firm reduced its estimates for Scotts' Ebitda, citing lower trading multiples in a period of greater economic in to access your portfolio
Miami Herald
03-05-2025
- Business
- Miami Herald
Scotts Miracle-Gro CEO raises eyebrows with tariff comments
Feed your stock. Feed it. TV viewers may recognize the variation of the Scotts Miracle-Gro (SMG) tagline that's in a series of commercials featuring the Scotts Lawn Guy, an aggressive Scottish character with an intense passion for lawns. Don't miss the move: Subscribe to TheStreet's free daily newsletter Perhaps the Lawn Guy could exhort shares of the consumer lawn, garden and pest control products company into turning greener. The Marysville, Ohio, group's shares are down 20% since January and off nearly 22% from a year ago. Scotts also brought the lifestyle expert Martha Stewart on board as chief gardening officer. "Spring is probably one of my favorite times of the year," Stewart said during the company's April 30 earnings call. "Everything is coming alive, and I personally can't wait to get my gardens fully planted." Stewart told analysts that she was working to bring gardeners, "including the new generation, products that they will love and make part of their everyday lives." "And that is a very good thing," she said, and then handed the mic over to Chief Executive Jim Hagedorn. "It's a crazy and confusing macro environment for any company today, but I can simplify things," he said. "We're good. Our outlook is unchanged and we're reaffirming our full year guidance of $570 million to $590 million" of earnings before interest, taxes, depreciation and amortization. More Economic Analysis: Fed inflation gauge sets up stagflation risks as tariff policies biteU.S. recession risk leaps as GDP shrinksLike it or not, the bond market rules all As for the Trump administration's tariffs, which have been dominating the news and clobbering the markets, Hagedorn said "we're largely unaffected in fiscal '25." "We see no impact in our margins or pricing for this year," he said. "Historically, our equity has been a safe harbor in tough times. Everything you'll hear today is centered around getting back to that." Hagedorn told analysts that Scotts had plenty of pretariff inventory, and "we do not anticipate pricing actions in fiscal '25 due to tariffs, nor do we expect margin pressure. "If things change in '26, and we do feel more tariff and/or margin pressure, we will mitigate the impact and if necessary, take pricing," he said. Scotts posted mixed first-quarter results, beating earnings estimates but falling short of Wall Street's revenue forecasts "We delivered double-digit increases in consumer takeaway, gained market share and built momentum," Hagedorn said. "We're happy with our consumer product sales to retailers." He said unit volumes in the lawns business had declined and he challenged the team to develop a long-term solution. Early results have been promising.. "Consumers want a nice lawn all season long without a lot of work, but they don't always know how to make it happen," Hagedorn said. "The solution is regular feedings, to create a thicker lawn that is less susceptible to weeds and disease and ultimately has less need for pesticides and fungicides." However, the company got away from marketing regular feedings, and scrapped the one-bag approach for multibag use for specific problems such as weeds, bugs or disease. "It was effective in selling one bag of fertilizer, but it was ineffective in giving the consumer the lawn they really want," Hagedorn said. "This year, we've returned to a multibag strategy." Scotts also decided to pass the dutchie on the left hand side and get out of the cannabis business. Scotts had created a subsidiary for the business, Hawthorne, which made acquisitions in companies that sold marijuana cultivation supplies, and invested in a Canadian business directly involved in growing and selling marijuana. Related: This legacy snack company is embracing stoners But last month the company transferred its investment in the growing and distribution business to Bad Dog Holdings, an "independent strategic partner." "We figured we'll be an early entrant, and that within three to five years - this is like 10 years ago - the feds would make the laws so that it wasn't federally a Schedule 1 narcotic," Hagedorn said in an interview with Barron's. "We had a lot of faith the Democrats would do it." "Equities in pot companies were at a peak when Biden got elected, and you had a Democratic Senate and a Democratic House." Weed is still illegal on the federal level and "you cannot deduct your business expenses," Hagedorn said. "Your top-line revenue is your taxable income, so you're paying about an 80% tax rate," he explained. "Throw on state and local taxes, and you cannot make money." Hagedorn told analysts that "our next step is to sell Hawthorne Gardening to a dedicated cannabis company, by fiscal year end." JP Morgan analyst Jeffrey Zekauskas lowered the investment firm's price target on Scotts to $65 from $80 and affirmed an overweight rating on the shares. After the earnings report the firm reduced its estimates for Scotts' Ebitda, citing lower trading multiples in a period of greater economic risk. Related: Veteran fund manager who forecast S&P 500 crash unveils surprising update The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
