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Scotts Miracle-Gro Maintains Fiscal 2026 Outlook Amid Iran War Uncertainty

Apr 02, 2026 12:29 UTC
SMG, GURU, ^VIX
Medium term

Scotts Miracle-Gro Company reaffirms its annual financial guidance, citing minimal expected impact from the Iran War on its operations and commodity costs.

  • Scotts Miracle-Gro reaffirms fiscal 2026 guidance with adjusted earnings of $4.15 to $4.35 per share.
  • 80% of fiscal 2026 commodities were locked in by March 28, 2026.
  • 90% of cost of goods sold is sourced domestically, including nearly all urea.
  • Fiscal 2025 results: $3.74 adjusted EPS, $581 million EBITDA, $2.99 billion U.S. sales.
  • Anticipates mid-single-digit EBITDA growth and low single-digit U.S. sales growth for 2026.
  • Company strategy mitigates potential Iran War impacts on supply chains and costs.

Scotts Miracle-Gro Company (SMG) has reaffirmed its fiscal 2026 financial outlook, stating that the ongoing Iran War is unlikely to disrupt its operations or commodity costs. The lawn and garden products provider announced its guidance on April 2, 2026, maintaining expectations for adjusted earnings from continuing operations of $4.15 to $4.35 per share. The company highlighted that approximately 80% of its commodities for the fiscal year were secured by the end of its second quarter on March 28, with around 90% of its cost of goods sold sourced domestically, including nearly all of its urea, a key input for fertilizer products. In fiscal 2025, Scotts Miracle-Gro reported adjusted earnings of $3.74 per share, with adjusted EBITDA of $581 million and U.S. consumer net sales of $2.99 billion. For fiscal 2026, the company anticipates mid-single-digit EBITDA growth and low single-digit U.S. consumer net sales growth. The firm’s strategy to lock in commodity costs and rely on domestic sourcing appears to insulate it from potential global supply chain disruptions linked to the Iran conflict. This outlook provides clarity for investors amid ongoing geopolitical tensions, particularly in sectors sensitive to commodity price fluctuations.

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