10-K · November 25, 2025
Scotts Miracle‑Gro positions itself as the leading marketer of branded consumer lawn and garden products in North America (Scotts, Miracle‑Gro, Ortho, Roundup) and a leading provider in indoor/hydroponic gardening via…
Earnings analysis · 10-Q
SMG earnings analysis
Filed May 6, 2026 · Our reading of the company's report
The latest report
Scotts Miracle-Gro reported solid Q2 2026 results with revenue of $1.46 billion, an increase of 5% year-over-year, and diluted EPS of $4.46, surpassing estimates of $4.01. The gross margin improved to 41.8%, reflecting…
Read full summary
Scotts Miracle-Gro reported solid Q2 2026 results with revenue of $1.46 billion, an increase of 5% year-over-year, and diluted EPS of $4.46, surpassing estimates of $4.01. The gross margin improved to 41.8%, reflecting enhanced operational efficiency despite pressures from inflation and rising input costs.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
Where revenue came from
The business segments reported by the company.
Shares of the segments disclosed in this filing, largest first.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $4.46
What stood out
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Strong Revenue Growth
Revenue for Q2 2026 was $1.46 billion, a 5% increase from $1.39 billion in Q2 2025.
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Improved EPS Performance
Diluted EPS increased to $4.46 from $3.78 year-over-year, a 18% rise.
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Higher Gross Margin
Gross margin rose to 41.8%, up from 39.0% in the prior year.
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Increased U.S. Consumer Sales
U.S. Consumer segment sales hit $1.38 billion, a 5% increase from $1.31 billion last year.
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Decreased Interest Expense
Interest expense decreased to $31.3 million from $36.6 million year-over-year, a reduction of 14.5%.
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Higher Operating Income
Income from operations rose to $401.8 million, a 14.9% increase from $349.7 million last year.
What to watch
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Loss from Discontinued Operations
For Q2 2026, the loss from discontinued operations was $24.7 million, compared to a loss of $3.2 million in Q2 2025.
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Increased SG&A Expenses
Selling, general and administrative expenses rose to $199.2 million, a 12% increase year-over-year.
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Ongoing Supply Chain Issues
Continued macroeconomic uncertainty, including inflation and geopolitical risks, may impact future performance.
Management's outlook
Outlook deferred to earnings press release / call.
Earlier filings 4
10-Q · August 6, 2025
Scotts Miracle‑Gro reported quarterly net sales of $1,188.0 million (three months ended June 28, 2025) versus $1,202.2 million in the prior year quarter (down $14.2 million, -1.2%), while diluted EPS improved to $2.54…
10-Q · May 7, 2025
Scotts reported Q2 net sales of $1,421.0 million, down $104.4 million (‑6.8%) vs. Q2 FY2024, but delivered strong margin and profitability expansion with gross margin of $547.9 million (38.6%) and income from operations…
10-Q · August 7, 2024
In the Q3 2024 10-Q filing, Scotts Miracle-Gro reported revenues of $1.202 billion, reflecting a year-over-year increase of 7.5% from $1.119 billion in Q3 2023. Gross margin improved significantly to 29.5%, leading to a…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.