Why is Scotts Miracle-Gro stock rallying today?

Scotts Miracle-Gro (SMG) shares rose 1.8% pre-open after the company held Investor Day 2026 and set mid-range targets for FY2027-2029, including 2% to 4% average annual net sales growth, adjusted EPS growth of 5% to 8%, and free cash flow above $275 million. Stifel raised its FY2026 EPS estimate to $4.44 and lifted its price target to $76.

Strategic Shift and Operational Progress Management is executing a fundamental shift toward 'SMG 2.0,' prioritizing quality earnings and margin expansion over aggressive volume growth to ensure sustainable long-term value. The company deliberately exited approximately $100 million in low-margin commodity mulch and soil sales to reallocate resources toward high-margin branded products.

Scotts Miracle-Gro shares rose 1.4% pre-open after the company reported fiscal Q3 EPS of $2.82 versus $2.48 consensus, with revenue of $1.17B in line. It updated FY2026 EPS guidance to $4.30 to $4.45 and declared a $0.66 quarterly dividend payable Sept. 4. The report was the first under new CEO Nate Baxter.

SCOTTS MIRACLE-GRO CO (SMG) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 The Scotts Miracle-Gro Company NEWS ScottsMiracle-Gro Reports Third Quarter Results; Updates Full-Year Outlook Reflecting Accelerated EPS Growth Company raises its full-year non-GAAP adjusted EPS from continuing operations guidance to $4.30 to $4.45, up from the prio

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