The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.

StocksMediumUpdated×2•Originally published 29 April 2026•Updated 29 April 2026•

1 min read

ScottsMiracle-Gro Posts Strong Q2 Results with Margin Expansion and Deleveraging

Key Facts

1Net sales increased by 5% with gross margin rate improving by over 200 basis points.

2Net leverage decreased to 3.71x, down from 4.41x in the prior year.

ScottsMiracle-Gro (SMG) reported robust financial results for the second quarter ended March 2026, achieving earnings of $4.53 per share, which significantly surpassed the consensus estimate of $3.97. This performance also exceeded the prior year's earnings of $3.98 per share, supported by a 5% increase in net sales. The company's gross margin rate expanded by more than 200 basis points, while net leverage was successfully reduced to 3.71x from 4.41x a year ago. These results underscore the company's successful execution of its margin recovery and debt reduction strategies. Analysts view the earnings beat and operational improvements as positive indicators for the company's long-term financial health and investor confidence.

about 1 month ago

Version History

Version 2about 1 month ago

What changed: The report was updated to include the ticker symbol SMG and specify the fiscal quarter end date as March 2026.

Version 1about 1 month ago

What changed: Added specific earnings per share (EPS) figures and confirmed a beat against consensus estimates and prior-year levels.