The strong Q2 beat and reaffirmed guidance, combined with improving leverage and margin expansion, support a bullish near-term outlook. Watch for continued POS momentum through the spring season and any updates on the share repurchase program.
Price Chart
Executive Summary
Scotts Miracle-Gro reported Q2 2026 results with net sales of $1.46B (+5% YoY) and GAAP EPS of $4.46, significantly beating the consensus estimate of $4.02. The company also reaffirmed its full-year guidance, including non-GAAP adjusted EPS of $4.15-$4.35 and free cash flow of $275M, while net leverage improved to 3.71x from 4.41x a year ago.
Key Financial Metrics
Key Facts
- Net sales of $1.46B, up 5% YoY
- GAAP EPS of $4.46 vs consensus $4.02 (beat of +10.9%)
- Non-GAAP adjusted EPS of $4.53, up 13% YoY
- GAAP gross margin improved 280 bps to 41.8%
- Non-GAAP adjusted EBITDA of $437.4M, up 9% YoY
- Net leverage improved to 3.71x from 4.41x
- Full-year guidance reaffirmed: non-GAAP adjusted EPS $4.15-$4.35, FCF $275M
- Strong POS momentum continued in April
Financial Impact
EPS beat of $0.44 (10.9%) vs consensus on $1.46B revenue; gross margin expansion of 280 bps; EBITDA up 9%
Risk Factors
- Weather-dependent lawn and garden demand could impact H2 results
- Consumer spending sensitivity in a potentially slowing economy
- Debt leverage still elevated at 3.71x despite improvement
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3283589 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 17d ago | 8-K | $56.09 $52.36 | ▼ −6.65% | ▼ −7.47% | $49.02 (−12.60%) |
Sep 11, 2026 21d ago | 8-K | $55.91 $51.42 | ▼ −8.03% | ▼ −8.14% | $49.02 (−12.32%) |
Aug 27, 2026 5w ago | 8-K | $60.59 $59.29 | ▼ −2.15% | ▼ −2.41% | $49.02 (−19.10%) |
Aug 11, 2026 7w ago | Insider Cluster | $62.03 $59.55 | ▼ −4.00% | ▼ −3.59% | $49.02 (−20.97%) |
Aug 5, 2026 8w ago | Insider Cluster | $66.13 $62.17 | ▼ −5.99% | ▼ −6.34% | $49.02 (−25.87%) |
Jul 29, 2026 9w ago | 8-K | $70.33 $66.13 | ▼ −5.97% | ▼ −11.50% | $49.02 (−30.30%) |
Jun 4, 2026 17w ago | Court Ruling | $56.83 $61.88 | ▲ +8.89% | ▲ +11.44% | $49.02 (−13.74%) |
Apr 29, 2026 22w ago | Press Release | $61.73 $62.15 | ▲ +0.69% | ▼ −2.42% | $49.02 (−20.58%) |
Apr 22, 2026 23w ago | Press Release | $64.33 $62.42 | ▼ −2.97% | ▼ −4.45% | $49.02 (−23.80%) |
Apr 20, 2026 23w ago | Press Release | $64.37 $65.38 | ▲ +1.57% | ▲ +0.49% | $49.02 (−23.85%) |
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