Scotts Miracle-Gro Reaffirms FY26 EBITDA Guidance
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 02 2026
0mins
Should l Buy SMG?
Backs FY26 adjusted EBITDA view up mid single-digits. Backs FY26 free cash flow view $275M. Scotts Miracle-Gro announced that it is reaffirming its fiscal 2026 guidance as it does not expect the significant global commodity impacts from the Iran War to affect its full-year outlook. The company noted that approximately 80% of its commodities for the fiscal year were locked by the close of its second quarter on March 28. Additionally, around 90% of its cost of goods sold are sourced domestically, including nearly 100% of the urea that is a primary input in its fertilizer products. The company obtains urea from reliable suppliers under previously negotiated contracts.
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Analyst Views on SMG
Wall Street analysts forecast SMG stock price to fall
5 Analyst Rating
4 Buy
1 Hold
0 Sell
Strong Buy
Current: 66.040
Low
51.37
Averages
64.09
High
74.00
Current: 66.040
Low
51.37
Averages
64.09
High
74.00
About SMG
The Scotts Miracle-Gro Company is engaged in the manufacturing, marketing, and sale of products for lawn and garden care and indoor and hydroponic gardening. The Company’s products are primarily sold in North America. The U.S. Consumer segment consists of its consumer lawn and garden business in the United States. Its consumer lawn and garden brands include Scotts, Turf Builder, lawn fertilizer and Scotts, grass seed products; Miracle-Gro soil, plant food, and gardening products; Ortho herbicide and pesticide products, and Tomcat rodent control and animal repellent products. The Other segment consists of its consumer lawn and garden business in Canada. Its products include Turf Builder Halts Crabgrass Preventer with Lawn Food, Turf Builder Weed & Feed5, Turf Builder SummerGuard Lawn Food with Insect Control, Turf Builder Southern Lawn Food, Turf Builder EdgeGuard Mini Broadcast Spreader, Turf Builder Bonus S Southern Weed & Feed₂ Turf Builder Lawn Food and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Technical Indicator Reference: SMG's stock price has fallen below the 200-day moving average, typically viewed as a technical sell signal, which could lead to further selling pressure and impact short-term market performance.
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- Antitrust Lawsuit Developments: Newly unsealed documents reveal communications between Amazon and Hanes, where Hanes confirmed reaching out to Target and Walmart to raise prices, indicating Amazon's pressure tactics to maintain profit margins in a competitive landscape.
- Market Share Impact: With Amazon controlling approximately 50% of the U.S. e-commerce market, the Attorney General asserts that such practices not only harm competition but also lead to increased consumer prices, reflecting Amazon's stronghold in the industry.
- Expected Legal Consequences: The Attorney General has requested the court to prohibit Amazon from continuing these alleged price-fixing practices during the lawsuit and to appoint an independent monitor for compliance, with the case set to go to trial in 2027, potentially impacting Amazon's operational model significantly.
See More
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- Shareholder Rights Investigation: Halper Sadeh LLC is investigating whether certain officers of Scotts Miracle-Gro Company breached their fiduciary duties, potentially leading to financial losses for shareholders and impacting corporate governance.
- Contingent Fee Arrangement: The law firm promises to handle the case without upfront costs, meaning shareholders will not incur additional financial burdens while seeking legal remedies, thereby lowering the barrier to participation.
- Importance of Shareholder Involvement: Shareholder participation can drive improvements in company policies and oversight mechanisms, enhancing transparency and accountability, which in turn can increase shareholder value and promote long-term corporate health.
- Global Investor Representation: Halper Sadeh LLC represents investors worldwide, focusing on combating securities fraud and corporate misconduct, having successfully implemented corporate reforms and recovered millions for defrauded investors, showcasing its expertise in protecting investor rights.
See More
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- Price Fluctuation Analysis: SMG's 52-week low is $45.61 per share, while the high is $72.35, with the last trade at $60.49, indicating significant price volatility and reflecting market caution regarding its future performance.
- Market Trend Observation: The current stock price is close to the 52-week low, which may suggest a lack of investor confidence in SMG, necessitating close monitoring of its subsequent performance to assess potential rebound opportunities.
- Technical Indicator Reference: SMG's stock price has fallen below the 200-day moving average, typically viewed as a technical sell signal, which could lead to further selling pressure and impact short-term market performance.
- Investor Sentiment Assessment: Although the current stock price is below the 52-week high, it is essential to consider overall market sentiment and industry dynamics to evaluate SMG's long-term investment value.
See More
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Strategic Move: This acquisition is part of Vireo Growth's strategy to expand its operations and enhance its product offerings in the gardening sector.
See More
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- Commodity Locking Status: As of March 28, 2026, approximately 80% of commodities were locked, with 90% of cost of goods sold sourced domestically, including nearly 100% of urea, ensuring supply chain stability for the company.
- Debt Management Progress: The company's debt-to-EBITDA leverage ratio was below 4 times at the close of the fiscal second quarter, marking significant progress in debt reduction and laying the groundwork for future reinvestment and shareholder-friendly actions.
- Strong Market Demand: The company has observed strong consumer engagement with its brands, expecting this early momentum to carry into the fiscal third quarter, particularly during the peak lawn and garden season, indicating robust market demand even amid inflationary and recessionary pressures.
See More
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- Meta Legal Setbacks: Meta Platforms' stock dropped over 6% following losses in two major legal cases concerning child safety, raising concerns about Big Tech's role in social media safety and free speech protections, despite relatively minor financial penalties.
- AppLovin's Decline: AppLovin's shares fell nearly 8% due to reports of weakening e-commerce spending trends, with insufficient new client momentum to offset churn in Q1, highlighting potential challenges in maintaining growth.
- Brown-Forman's Surge: Shares of Brown-Forman rose over 14% after Bloomberg reported that French spirits company Pernod Ricard is considering a bid, indicating strong market interest in the company's future acquisition potential.
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