SM
SMG
SMG What Scotts Miracle-Gro promised, and what happened
Guidance
What management said, and what became of it
18 of 19 judged targets kept · 21 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Total adjusted EBITDA (SMG 2.0) | north of $1 billion | Mar 2026 | while the $1 billion increase in net sales and $1 billion in EBITDA remain the targets. Our immediate focus is on quality earnings growth and margin expansion, which will naturally lead us to those long-term financial milestones on a consistent basis that might push achievement beyond 2030. | Diluted |
| Year-end net leverage ratio | high 3x | Sep 2025 | Leverage as of the third quarter was 3.78x compared with 4.15x a year ago | On Track |
| Divestiture of Hawthorne Gardening to a dedicated cannabis company | sell Hawthorne Gardening to a dedicated cannabis company by fiscal year end (FY25) | Mar 2025 | having classified it as a discontinued operation last quarter and completing its divestiture in early April | Achieved* |
The full ledger
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The rest of the ledger
Pro opens all 40 tracked commitments for Scotts Miracle-Gro
Above is what the last two calls moved. Pro adds every quarter's revision, the source quote behind each one, and the topics management has stopped answering.