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Scotts Miracle-Gro Company (SMG)
NYSE:SMG
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Earnings Data
Report Date
Jan 29, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-1.23Last Year’s EPS
-1.45Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2018
|% Change Since: -24.21%
|Next Earnings Date:Jul 31, 2018
Earnings Call Sentiment|Neutral
The earnings call reflected a strong recovery from previous financial distress with significant improvements in cost management, debt reduction, and market share gains. However, challenges such as unfavorable weather, limited pricing power, and pressure in the lawn category indicate areas of concern. The restructuring efforts in Hawthorne and focus on core brands provide a strategic path forward.Company Guidance
During the Q4 2024 earnings call for Scotts Miracle-Gro (SMG), the company outlined significant progress and future guidance despite recent challenges. For fiscal '25, SMG is targeting EBITDA of $570 million to $590 million, reflecting a 6% to 9% increase over 2024's adjusted EBITDA of $539 million. The company aims to achieve sustained annual growth averaging 3%, with a plan to invest at least $200 million annually in advertising and marketing to bolster its brands. Gross margin improvement is a priority, with a target to reach the mid-30% range, recovering from a 900 basis point loss since the peak of COVID, and achieving an adjusted gross margin of 27% in 2024. SMG also plans to reduce its leverage ratio to approximately 3x by the end of fiscal '27, from 4.86% at the close of 2024, driven by a commitment to shareholder returns and operational efficiency.Successful Cost Reduction and Debt Management
Reduced over $400 million in operating expenses and brought down leverage to 4.86% from a high post-pandemic level. These efforts were accompanied by maintaining a stable dividend and avoiding additional share issuance.
Adjusted EBITDA Growth and Market Share Gains
Achieved a 20% growth in adjusted EBITDA, reaching $539 million, while driving a 6% top line growth in the consumer business despite a down market. Significant market share was gained, particularly in gardens and controls.
Free Cash Flow and Inventory Management
Exceeded the commitment to generate $1 billion in free cash flow over two years and reduced inventory to below $600 million, marking a historic achievement for the company.
Hawthorne Restructuring
Hawthorne achieved consecutive quarters of positive EBITDA for the first time in two years through a strategic pivot focusing on profitable owned brands.
Gross Margin Recovery
Recovered over 300 basis points of gross margin in fiscal '24 and plans to recover about two-thirds of the margin loss by the end of fiscal '25.
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SMG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SMG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $92.66 | $73.65 | -20.52% |
| Jul 31, 2024 | $68.98 | $77.19 | +11.90% |
| May 01, 2024 | $66.64 | $66.35 | -0.44% |
| Feb 07, 2024 | $52.98 | $54.93 | +3.68% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Scotts Miracle-Gro Company (SMG) report earnings?
Scotts Miracle-Gro Company (SMG) is schdueled to report earning on Jan 29, 2025, TBA Not Confirmed.
What is Scotts Miracle-Gro Company (SMG) earnings time?
Scotts Miracle-Gro Company (SMG) earnings time is at Jan 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SMG EPS forecast?
SMG EPS forecast for the fiscal quarter 2025 (Q1) is -1.23.
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