SCOTTS MIRACLE-GRO CO — Form 8-K
Filed November 4, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 48/100
What the filing says
Scotts Miracle-Gro (market cap ~$2.4B) reported fiscal 2026 net sales of $3.29B (+1% YoY), with GAAP gross margin expanding 100bps to 32.3% and non-GAAP adjusted EPS of $4.48 (+18% YoY), exceeding guidance. The company generated free cash flow of $278.4M and reduced net leverage from 4.10x to 3.89x. For fiscal 2027, the company guided 2–4% net sales growth and adjusted EPS of $4.70–$4.90, with a target leverage of 3.0–3.5x by fiscal 2029. Key headwinds include the Q4 net sales decline of 11% YoY and a $106.2M pre-tax loss on the April 2026 divestiture of the Hawthorne North America business; the company is investing $100M+ in a multi-year IT transformation through fiscal 2028.
Why this rating
Mixed results: solid margin and EPS execution, leverage improvement, and forward momentum offset by modest top-line growth, Q4 weakness, and large one-time divestiture loss. Moderate business development relative to $2.4B market cap.
See more from November 4, 2026.
EDGAR·FLOW summarizes public SEC EDGAR filings with automated analysis. Materiality scores and stock-impact predictions are algorithmically generated and are not investment advice. Always verify against the source filing on SEC.gov.