Scotts Miracle-Gro (SMG) reaffirmed its full-year outlook, projecting adjusted EPS of at least $3.50, a 53% increase year-over-year, and full-year EBITDA between $570 million and $590 million. This guidance exceeds the analyst consensus of $3.47 EPS. The company expects strong consumer demand and retailer replenishment to drive these results, enabling them to improve their debt position and reduce leverage to below 3.5 by the end of fiscal 2027.
The Scotts Miracle-Gro Company (SMG) reaffirmed its full-year financial outlook, projecting adjusted earnings per share (EPS) of at least $3.50, a notable 53% increase from the prior year and slightly above the average analyst expectation of $3.47. The company also anticipates full-year EBITDA between $570 million and $590 million. This guidance, underpinned by strong consumer takeaway and consistent retailer replenishment observed in the third quarter, reflects management's confidence in achieving its operational targets. Significantly, meeting these targets is expected to facilitate a considerably improved debt position by the end of 2025, aligning with the company's strategic goal to reduce leverage to below 3.5 times by the close of fiscal 2027, indicating a focus on enhancing long-term financial stability. The overall sentiment of this announcement is strongly positive, supporting the optimistic corporate outlook.
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strongly positive
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