Scotts Miracle-Gro lifts FY2026 adjusted EPS forecast to $4.30-$4.45
SMG•Scotts Miracle-Gro raises FY2026 outlook and sets longer-term targets
- Scotts Miracle-Gro set fiscal 2027-2029 targets: net sales growth of 2%-4% a year; adjusted EPS growth of 5%-8%.
- Forecast calls for adjusted gross margin expansion of 50-100 basis points annually; free cash flow above USD 275 million.
- Leverage target set at 3-3.5x for the period; longer-range goal aims for leverage below 3x.
- Reaffirmed fiscal 2026 guidance: U.S. Consumer net sales low single-digit growth; adjusted gross margin at least 32%.
- Raised fiscal 2026 non-GAAP adjusted diluted EPS outlook to USD 4.3-4.45; free cash flow USD 275 million.
