ScottsMiracle-Gro reaffirmed fiscal 2026 guidance with non-GAAP adjusted gross margin of at least 32% and projected free cash flow of approximately $275 million. Entering June, year-to-date branded consumer POS dollars rose around 1% and 90% of commodities are hedged, underpinning margin confidence.
ScottsMiracle-Gro reiterated its fiscal 2026 outlook calling for low single-digit U.S. consumer net sales growth, non-GAAP adjusted gross margin of at least 32%, adjusted net income per share of $4.15 to $4.35, mid single-digit adjusted EBITDA growth and approximately $275 million in free cash flow.
The company has locked in about 90% of its commodity costs entering June, providing strong protection against inflationary pressures and supporting its goal of sustaining a gross margin above 32%.
Year-to-date branded consumer point-of-sale dollars are up roughly 1% versus last year, with gains in retailer replenishment and consumer takeaway since Memorial Day driven by advertising, e-commerce initiatives and extended season efforts.
ScottsMiracle-Gro will host Investor Day at the New York Stock Exchange on August 4 to outline mid- to long-term strategy and financial goals, while targeting share repurchases by year-end as leverage falls into the high 3’s.
