Quarterly sales fell 11%, while ScottsMiracle-Gro's full-year adjusted earnings per share rose 18%.
Scotts Miracle-Gro (SMG) reported a 1% increase in full-year net sales to $3.29B, with Q4 sales falling 11%. Adjusted EPS rose 18% to $4.48. The company expects 2-4% sales growth and adjusted EPS of $4.70-$4.90 for fiscal 2027, according to its guidance. Gross margins expanded despite higher commodity and freight costs, and free cash flow was $278.4M. The company aims to reduce leverage to 3.0-3.5x by fiscal 2029.
How this was made
The 30-second read
Why it matters
Earnings beat and raised guidance could drive the stock higher in the short term.
Market read
SMG's earnings beat and guidance raise may move the stock and influence the consumer discretionary sector.
What to watch
Potential headwinds from supply‑chain constraints and macro‑economic volatility.
Background
Scotts Miracle‑Gro (NYSE: SMG) released its Q4 2026 earnings, reporting a 6% GAAP EPS increase, an 18% non‑GAAP EPS rise, and raised FY2027 guidance to $4.70‑$4.90 per share.
Ticker impact
Scotts Miracle-Gro reported Q4 2026 results with EPS beat and raised FY2027 guidance.
potential modest upside as market prices in earnings beat and raised guidance
Beat on non‑GAAP EPS and guidance lift suggest stronger profitability and growth outlook.
Market effects
lawn and garden sector may see improved sentiment from SMG's earnings beat.
U.S. consumer discretionary market could get a modest boost.
limited to investors tracking U.S. consumer staples.
Counterpoint
Growth may be unsustainable given higher commodity and freight costs.
Key entities
- CompanyScotts Miracle‑Gro
U.S. lawn and garden products manufacturer.
- ExecutiveNate Baxter
President and CEO of SMG.
- ExecutiveMark Scheiwer
Chief Financial Officer of SMG.



