12:39 PM EDT, 06/05/2025 (MT Newswires) -- Scotts Miracle-Gro ( SMG ) shares were up 11% in recent trading Thursday after the company reiterated its fiscal 2025 guidance.
The company said it expects non-GAAP adjusted earnings of at least $3.50 per diluted share. Analysts polled by FactSet are looking for $3.44.
Scotts Miracle-Gro ( SMG ) also said it continues to expect US consumer net sales to grow by low single digits, adjusted gross margin of around 30%, and adjusted EBITDA of $570 million to $590 million. Free cash flow is expected to be about $250 million, the company added.
The company also said its interest expense is expected to be approximately $30 million lower than prior year, compared with its previous forecast for a decrease of $15 million to $20 million.
Price: 65.09, Change: +6.47, Percent Change: +11.04