ScottsMiracle-Gro FY26 net income drops 28% to $103.9 million
SMG•Scotts Miracle-Gro reported FY26 net income of $103.9 million, down 28%, while net sales rose to $3.29 billion. Fourth-quarter net loss narrowed 20% to $121.9 million, while sales fell 11% to $302.9 million.
1. Full-year results
Scotts Miracle-Gro's FY26 net income dropped 28% to $103.9 million, while net sales rose to $3.29 billion. Full-year GAAP gross margin increased to 32.3%, supported by supply-chain savings, favorable product mix and pricing actions. In the fourth quarter, net loss narrowed 20% to $121.9 million as net sales fell 11% to $302.9 million.
