From Yahoo Finance: 2025-05-03 09:03:00

Scotts Miracle-Gro, known for their Lawn Guy commercials, saw shares down 20% since January and 22% from last year. Martha Stewart joined as chief gardening officer, aiming to bring new products to gardeners. Quarterly results were mixed, with earnings surpassing estimates but falling short of revenue forecasts.

CEO Jim Hagedorn reassured investors amid economic uncertainties, citing minimal tariff impact and strong pretariff inventory. Scotts plans to maintain pricing in fiscal ’25 despite potential future changes. Despite challenges in the lawn business, the company is focusing on regular feedings for healthier lawns.

Scotts decided to exit the cannabis business, transferring investments to an independent partner. CEO Hagedorn expressed disappointment in the slow federal legalization process and high tax rates for cannabis companies. The company plans to sell Hawthorne Gardening to a dedicated cannabis company by the end of the fiscal year.

Read more: Scotts Miracle-Gro CEO raises eyebrows with tariff comments