Scotts Miracle-Gro reported narrower loss, increased net sales, and positive full-year outlook

From Nasdaq: 2025-02-03 06:59:00

The Scotts Miracle-Gro Company (SMG) reported a first-quarter fiscal 2025 loss of $69.5 million, narrower than a year ago. Net sales rose 1.6% to $416.8 million, beating estimates. U.S. Consumer division sales were up 11%, while Hawthorne segment sales fell 35%. SMG’s full-year outlook includes adjusted EBITDA of $570-590 million.

SMG’s balance sheet showed $9.8 million in cash and cash equivalents and long-term debt of $2,636.9 million. The company reaffirmed full-year sales guidance and reduced interest expense expectations. SMG expects U.S. consumer net sales to grow, while Hawthorne’s net sales may decrease.

Scotts Miracle-Gro shares have gained 32.5% in the past year. The company currently holds a Zacks Rank #3 (Hold). Other recommended stocks in the basic materials sector include ICL Group Ltd. (ICL), Hecla Mining Company (HL), and Ingevity Corporation (NGVT).

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For detailed stock analysis reports on The Scotts Miracle-Gro Company (SMG), Hecla Mining Company (HL), ICL Group Ltd. (ICL), and Ingevity Corporation (NGVT), visit the links provided. Stay updated with the latest recommendations from Zacks Investment Research by downloading the 7 Best Stocks for the Next 30 Days report.



Read more at Nasdaq: Scotts Miracle-Gro’s Q1 Earnings and Revenues Beat Estimates