secwatch.observer — SEC 8-K summary
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Issuer:     SCOTTS MIRACLE-GRO CO (SMG)
CIK:        0000825542
Form:       8-K
Filed at:   2026-01-28T23:59:59+00:00
Accession:  0000825542-26-000003
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/825542/000082554226000003/0000825542-26-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/825542/000082554226000003/smg-20260128.htm
  HTML page:      https://secwatch.observer/filing/0000825542-26-000003

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