The Scotts Miracle-Gro Company Q4 2026 Earnings Recap

Scotts Miracle-Gro’s shares rose 8.7% after earnings, with investors responding to a fiscal 2027 outlook calling for 2%–4% sales growth, continued gross-margin expansion, and adjusted EPS of $4.70–$4.90. Fiscal 2026’s 1% sales growth was modest, but branded-product gains and cost savings supported margin improvement and debt reduction.

Key Takeaways

• Fiscal 2026 net sales grew 1%; management said branded-product performance across categories more than offset planned reductions in low-margin mulch and commodity volume.
• Miracle-Gro Organic sales grew nearly 18%, while e-commerce point-of-sale dollars rose 24% and reached 13% of sales, up from around 10% a year earlier.
• Automation and supply-chain efficiencies generated $35 million in fiscal 2026 savings, helping offset commodity and freight inflation and support gross-margin expansion.
• The lawn and garden category grew more than 5%, but the company acknowledged it did not capture its full share of that growth.
• Fiscal 2027 guidance is for 2%–4% net sales growth, continued gross-margin expansion, and adjusted EPS of $4.70–$4.90; management said the plan does not assume improvement in consumer or housing conditions.