What Scotts Miracle-Gro (SMG) Said on Its Q4 Earnings Call
Scotts Miracle-Gro (SMG) expects $100M in commodity headwinds for fiscal 2027, planning 4% price increases and $35M in supply chain savings. Adjusted gross margin is expected to expand, though likely at the lower end of its target. Inventory levels are up slightly, and the $55M acquisition of Black Kow is expected to boost sales. The company aims to reduce net debt to 3-3.5x EBITDA by fiscal 2029, with $275M in free cash flow expected for fiscal 2027.


