Scotts Miracle-Gro sales down 7%
The Scotts Miracle-Gro Company announced its results for the second quarter ended March 29, 2025. For the quarter ended March 29, 2025, total company sales of $1.42 billion declined 7 percent from prior year sales of $1.53 billion. U.S. consumer sales decreased 5 percent, to $1.31 billion from $1.38 billion in the same period last year, resulting from the impact of a colder and slower start to the lawn and garden season pushing some expected second quarter sales into the third quarter and non-repeating fiscal 2024 net sales of bulk raw materials and AeroGarden products.
“We have made substantial progress in the key financial metrics that support our full-year guidance,” said Jim Hagedorn, chairman and CEO. “We are equally pleased with our year-to-date consumer product sales to retailers, given they are essentially flat excluding non-repeating fiscal ‘24 sales.”
Fiscal 2025 Outlook
The company reaffirms its previously announced U.S. Consumer segment net sales, adjusted gross margin, adjusted EBITDA and free cash flow guidance. Given the continued uncertain environment in the cannabis industry, the company is no longer providing full-year revenue guidance for its Hawthorne segment.
