NYSE$SMG

Scotts Miracle-Gro Company · Q1 2026 earnings

Q1 2026 earnings · · Before market open · Investor relations

Briefing

Scotts Miracle-Gro reported fiscal Q1 2026 net sales of $354.4M and continuing-ops loss of $0.83 per share.

Scotts’ fiscal Q1 2026 (ended Dec 27, 2025) net sales were $354.4M vs $366.6M. Net loss from continuing operations was $47.8M ($0.83 per diluted share) vs $66.1M loss ($1.15) prior year, helped by higher gross margin and lower SG&A. Hawthorne segment sales were $23.0M.

  • Q1 FY2026 net sales $354.4M (-3.3%).
  • Continuing ops loss $0.83/share vs $1.15 prior year.
  • Gross margin rate improved year over year.
  • Seasonal Q1 loss typical for lawn and garden.

Headline financials

Total Revenue

$354M

Previous: $417M-15.0%
EPS (adj)

-$0.83

Previous: -$0.89+6.7%
GAAP Gross Margin

25.0%

Previous: 24.1%+3.7%
Adj. Net Income

-$44.6M

Previous: -$50.2M+11.2%
Adjusted EBITDA

$3M

Previous: $900K+233.3%
Net Leverage

4.03

Previous: 4.52-10.8%
Capital Expenditures

-$20M

Previous: -$29.3M+31.7%
Net Income

-$125M

Previous: -$69.5M-79.9%
Operating Income

-$21.8M

Previous: -$51M+57.3%
Gross Profit

$88.7M

Previous: $94.8M-6.4%

Revenue & EPS history

Scotts · Revenue · Quarterly

$354M

Q1 2026-15%vs Q1 2025
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Revenue by segment

Scotts · $225M total across 2 segments · Q4 2023

  • U.S. Consumer
    $201M-33.5%
  • Other
    $23.8M+3.5%

Forward guidance

Full-year guidance typically updated in spring as lawn season begins; Hawthorne recovery key swing factor.

Tailwinds

  • Margin improvement and cost controls reducing Q1 loss.
  • Core consumer lawn brands remain market share leaders.

Headwinds

  • Hawthorne cannabis-related sales still depressed.
  • Weather-driven seasonal earnings volatility.
  • Retail inventory adjustments can swing quarterly sales.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2026

Historical avgQ1 2026

+0.7%

Avg return

Earnings day

+1.5%

Avg return

5 days after

-0.7%

Avg return

30 days after

60%

41 / 68 earnings

Positive

+18.2%

Q4 2023

Best reaction

-21.9%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026-4.6%-9.2%-9.8%
Q1 2026-0.6%-0.1%-10.8%
Q4 2025+2.8%+4.6%-1.2%
Q2 2025-5.9%+4.9%+11.2%
Q1 2025-5.8%-8.5%-22.7%
Q4 2024-21.9%-20.4%-19.3%
Q3 2024+7.1%+0.7%+1.1%
Q2 2024+0.2%+4.2%+1.7%
Q1 2024+4.6%+5.0%+23.4%
Q4 2023+18.2%+19.3%+30.9%
Q3 2023-21.1%-23.2%-23.0%
Q2 2023-7.6%+4.7%-3.7%
Q1 2023+16.2%+12.3%+18.1%
Q4 2022+8.9%+11.5%+20.3%
Q3 2022-8.2%-5.3%-30.0%
Q2 2022+9.9%-1.3%-8.9%
Q1 2022-6.6%-12.1%-8.0%
Q4 2021+11.5%+13.6%-8.9%
Q3 2021-8.2%-7.9%-9.7%
Q2 2021+5.5%+6.1%-11.7%
Q1 2021+3.6%+4.8%-12.0%
Q4 2020+8.3%-1.5%+10.0%
Q3 2020+8.1%+8.7%+15.4%
Q2 2020+4.3%+5.7%+3.2%
Q1 2020+10.5%+13.3%-3.0%
Q4 2019+4.8%+9.2%+5.2%
Q3 2019+5.5%+5.0%+2.9%
Q2 2019+6.8%+9.3%+5.3%
Q1 2019+6.3%+8.3%+17.0%
Q4 2018+10.3%+8.4%-1.9%
Q3 2018-1.0%+1.7%-4.0%
Q2 2018-7.3%-2.5%+1.9%
Q1 2018-15.8%-15.6%-15.9%
Q4 2017-0.2%-0.5%+2.3%
Q3 2017-0.3%+1.0%-0.4%
Q2 2017-8.5%-7.2%-9.4%
Q1 2017-2.2%-3.1%-1.9%
Q4 2016+0.5%+2.6%+4.8%
Q3 2016+7.7%+12.0%+12.8%
Q2 2016-3.8%
Q1 2016-3.9%
Q4 2015+1.4%
Q3 2015+8.6%
Q2 2015+2.0%
Q1 2015+2.1%
Q4 2014+0.6%
Q3 2014+4.6%
Q2 2014-0.9%
Q1 2014-0.4%
Q4 2013-0.5%
Q3 2013+0.5%
Q2 2013+5.7%
Q1 2013+0.1%
Q4 2012-4.8%
Q3 2012+4.1%
Q2 2012-16.2%
Q1 2012+4.9%
Q4 2011-1.6%
Q3 2011+0.8%
Q2 2011-0.8%
Q1 2010+0.0%
Q1 2011+0.0%
Q4 2010+1.0%
Q4 2008+1.0%
Q2 2010+1.0%
Q3 2009+1.3%
Q3 2010+1.3%
Q4 2009+1.3%

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