Shares of Scotts Miracle-Gro Co (NYSE:SMG) are trading higher on Wednesday after the company reported better-than-expected fourth-quarter earnings results. The company also issued fiscal 2027 guidance with its midpoint above estimates.
- Scotts Miracle Gro stock is among today’s top performers. What’s fueling SMG momentum?
Scotts Miracle-Gro Beats on Q4 Adjusted EPS, Misses on Sales
Scotts Miracle-Gro reported a fourth-quarter adjusted loss of $2.16 per share, narrower than the $2.21 loss analysts expected. Sales fell 11% year-over-year to $302.9 million, missing estimates of $306.10 million. For the full fiscal year, adjusted EPS rose 18% to $4.48 and net sales increased 1% to $3.29 billion.
“I’m pleased with our performance and financial discipline in fiscal 2026, as we delivered on all our imperatives and significantly strengthened our balance sheet,” said Nate Baxter, president and CEO of Scotts Miracle-Gro.
“At the same time, we are making important investments to transform our business into a modern lifestyle company with iconic brands in a category that is growing.”
Scotts Miracle-Gro expects fiscal 2027 adjusted EPS of $4.70 to $4.90, versus estimates of $4.71. The company sees sales of $3.36 billion to $3.42 billion, versus the $3.36 billion estimate. Both ranges have midpoints above consensus, which appears to be helping drive shares higher on Wednesday.
Scotts Miracle-Gro said it plans to further advance the building blocks of its SMG 2.0 strategy in fiscal 2027. The company noted that it expects free cash flow of about $275 million next year.
SMG Shares Move Higher
SMG Price Action: Scotts Miracle-Gro shares were up 10.65% at $68.38 at the time of publication on Wednesday, according to Benzinga Pro.
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