Scotts Miracle-Gro lifts FY2026 adjusted EPS forecast to $4.30-$4.45

Reuters2026/08/04 10:50

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Scotts Miracle-Gro set fiscal 2027-2029 targets: net sales growth of 2%-4% a year; adjusted EPS growth of 5%-8%.
Forecast calls for adjusted gross margin expansion of 50-100 basis points annually; free cash flow above USD 275 million.
Leverage target set at 3-3.5x for the period; longer-range goal aims for leverage below 3x.
Reaffirmed fiscal 2026 guidance: U.S. Consumer net sales low single-digit growth; adjusted gross margin at least 32%.
Raised fiscal 2026 non-GAAP adjusted diluted EPS outlook to USD 4.3-4.45; free cash flow USD 275 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The Scotts Miracle-Gro Company published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608040650PRIMZONEFULLFEED9803066) on August 04, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Scotts Miracle-Gro lifts FY2026 adjusted EPS forecast to $4.30-$4.45

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