Scotts Miracle-gro Company (the) · NYSE:SMG
Scotts Miracle-gro Company (the) — Q3 2026 Earnings Presentation
23 slides from Scotts Miracle-gro Company (the)'s earnings presentation, Jul 29, 2026
Slide 1: Third Quarter Quarterly Earnings Report
Third Quarter ended June 27, 2026 Quarterly Earnings Report Supplemental Financial Presentation July 29, 2026 Please view this presentation in conjunction with our Q3 2026 earnings release, which is furnished on Form 8-K, our related pre-recorded remarks and additional information regarding our non-
Slide 2: Safe Harbor Disclosure
Safe Harbor Disclosure Statements contained in this presentation, which address activities, events and developments that the Company expects or anticipates will or may occur in the future, including, but not limited to, information regarding the future economic performance and financial condition of
Slide 3: Today's Speakers and Q&A Details
Todayʼs Speakers and Q&A Details Nate Mark Baxter Scheiwer President and EVP, CFO and CEO CAO A live Q&A session will promptly follow the earnings video. Review the press release for registration details. To listen to the Q&A, please remain on the webcast link following our video. To ask a question,
Slide 4: Q3 2026 Business Update
Q3 2026 Business Update Presented by Nate Baxter President and Chief Executive Officer 4
Slide 5: Fiscal 2026 Third Quarter and Year-to-Date Highlights
Fiscal 2026 Third Quarter and Year-to-Date Highlights ● Raised full-year non-GAAP adjusted diluted EPS ● Delivered non-GAAP adjusted diluted EPS from from continuing operations guidance to $4.30 to continuing operations growth y/y for the quarter $4.45; reaffirmed the other elements of our original a
Slide 6: Our addressable market: a ~$12B DIY category
Our addressable market: a ~$12B DIY category Lawns $2.0B Fertilizer, Seed, Spreaders Controls ~$12B $5.5B Weed (selective, non-selective), FY 2025 Insect (indoor, outdoor), Rodent Gardens $4.5B Soils, Mulch, Plant Food Source: Yipit and internal data. Includes retailers HD, LO, WM, Ace, Amz, Menards
Slide 7: Our brands and partnerships lead the way
Our brands and partnerships lead the way Our Brands #1 brand #1 brand #1 brand #2 brand in Fertilizers, Grass in Soils and Plant Food in Rodent Control in Selective Weed, Seed, Spreaders and Indoor Insect Mulch Partnerships #1 brand #1 brand #1 brand Top 10 brand in Non-selective Weed in Veggie & He
Slide 8: Lawns
FISCAL 2026 The Lawns segment will focus on multi-bag feeding to drive Lawns frequency and target new consumers FOCUS AREAS CONSUMER ACTIVATION INNOVATION ● Drive feeding frequency with current category users while still offering solution-type products ● Target new DIY lawn care consumers with a foc
Slide 9: Gardens
FISCAL 2026 The Gardens segment continues to be the biggest growth engine for the company; branded POS units up double digits Gardens each of the last two fiscal years FOCUS AREAS CONSUMER ACTIVATION INNOVATION ● Attract emerging and pre-emerging consumers with accessible, modern solutions including
Slide 10: Controls
FISCAL 2026 The Controls segment is growing e-commerce and expanding into new segments with the launch of several innovative Controls products FOCUS AREAS CONSUMER ACTIVATION INNOVATION ● Launch of 10 new innovative products under the Ortho brand ● Grow digital presence across e-commerce channels vi
Slide 11: Q3 2026 Financial Update
Q3 2026 Financial Update Presented by Mark Scheiwer EVP, Chief Financial Officer and Chief Accounting Officer 11
Slide 12: Third Quarter Performance Summary
Q3 2026 Third Quarter Performance Summary Three Months ended June 27, 2026 Total Company Non-GAAP Results Net Sales $1.17 billion +1% Adjusted Gross Margin Rate 31.3% -100 bps SG&A $145.6 million +1% Adjusted Net Income from Continuing Operations $166.9 million +9% Interest Expense $28.0 million -12
Slide 13: Net Sales Performance
Q3 2026: Three and Nine Months ended June 27, 2026 Net Sales Performance Total Company 3Q26 Net Sales Total Company YTD 3Q26 Net Sales in millions in millions + 0.4% Flat $2,986.1 + 1.3% - 0.1% - 0.1% $1,172.1 + 2.0% $1,159.3 $2,915.7 1% Increase 2% Increase Quarter Drivers Year-to-Date Drivers ● Vo
Slide 14: Branded POS Performance
Q3 2026: Nine Months ended June 27, 2026 Branded POS1 Performance Gardens Overall ● POS Dollars1: ⬆+2% Growth in Soils in addition to pricing actions in ● POS Dollars¹: +1.4% Plant Food ● POS Units¹: +2.3% ● POS Units1: ⬆+4% Growth from Miracle-Gro Organics product line in addition to growth in Soil
Slide 15: Gross Margin Performance
Q3 2026: Three and Nine Months ended June 27, 2026 Gross Margin Performance Total Company 3Q26 Adjusted Gross Margin Total Company YTD 3Q26 Adjusted Gross Margin + 0.6% - 1.7% + 0.4% 35.8% 32.3% - 0.1% + 0.4% + 0.2% + 0.1% 34.7% + 0.2% 31.3% 100 bps Decrease 110 bps Increase Quarter Drivers Year-to-
Slide 16: Our Fiscal 2026 Guidance
Our Fiscal 2026 Guidance Original Guidance Updated Guidance Net Sales ● U.S. Consumer: Low single-digit growth ● No Change FISCAL 2026 Adjusted Gross ● At least 32% ● No Change Margin Rate Adjusted EPS ● $4.15 to $4.35 per share ● $4.30 to $4.45 per share from Continuing Operations Adjusted EBITDA ●
Slide 17: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures 17
Slide 18: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures Use of Non-GAAP Measures In addition to GAAP measures, management uses Non-GAAP financial measures exclude the impact of To supplement the financial measures prepared in these non-GAAP financial measures to evaluate the certain items (as further described b
Slide 19: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures Definitions of Non-GAAP Financial Measures Forward Looking Non-GAAP Measures The reconciliations of non-GAAP disclosure items include the following financial measures that are not calculated in In this presentation, the Company presents certain accordance
Slide 20: Reconciliation of Non-GAAP Financial Measures
Q3 2026: Three Months ended June 27, 2026 Reconciliation of Non-GAAP Financial Measures 1Q 2026: 3 MONTHS ENDED DECEMBER 28, 2025 20
Slide 21: Reconciliation of Non-GAAP Financial Measures
Q3 2026: Nine Months ended June 27, 2026 Reconciliation of Non-GAAP Financial Measures 1Q 2026: 3 MONTHS ENDED DECEMBER 28, 2025 21
Slide 22: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures For the three and nine months ended June 27, 2026, the following items were adjusted, in accordance with the definitions above, to arrive at the non-GAAP financial measures: •Income (loss) from discontinued operations, net of tax, associated with the Hawth
Slide 23: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures For the three and nine months ended June 28, 2025, the following items were adjusted, in accordance with the definitions above, to arrive at the non-GAAP financial measures: •During the three and nine months ended June 28, 2025, the Company recorded employ
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