SMG News & Events

Sees FY26 U.S. Consumer net sales low single-digit growth; Non-GAAP adjusted gross margin rate of at least 32%; Non-GAAP adjusted EBITDA mid single-digit growth; Free cash flow of $275M, driving leverage ratio down to the high 3's.

Reports Q2 revenue $1.46B, consensus $1.4B. "Our performance reflects progress on all our financial imperatives," said Jim Hagedorn, chairman and CEO. "We continued our growth trajectory and delivered meaningful leverage ratio improvement, putting us in position for more shareholder friendly actions including the previously announced multi-year share repurchase program. At the same time, we are reinvesting in our consumer franchise with a focus on achieving our fiscal 2026 guidance that is foundational to our longer-range financial targets."