Scotts Miracle-Gro reports Q1 net loss of $0.83/sh, announces Hawthorne sale to Vireo, $500M buyback

SCOTTS MIRACLE-GRO CO

2026-Q1 EPS reported -$2.16 revenue$354,400,000

U.S. Consumer net sales $328.5M; GAAP gross margin 25.0% (+90 bps); net leverage improved to 4.03x.
Q1 GAAP loss from continuing ops $0.83/sh; non-GAAP adj. loss $0.77/sh; adj. EBITDA $3.0M (+$2.1M).
Company in advanced discussions to sell Hawthorne subsidiary to Vireo Growth, closing expected in fiscal Q2.
Board authorized $500M share repurchase program with purchases starting late FY2026, based on deleveraging progress.
Reaffirms FY2026 guidance: adj. EPS $4.15-$4.35, adj. gross margin ≥32%, free cash flow $275M.

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