The Scotts Miracle-Gro Company announced mid-range financial targets for fiscal 2027 through fiscal 2029, aiming to drive sustainable mid- and long-term value. The company expects average annual total company net sales growth of 2 to 4 percent, adjusted EPS growth of 5 to 8 percent, and adjusted gross margin improvement of 50 to 100 basis points over that period. These targets align with its SMG 2.0 growth strategy. Last month, Scotts raised its adjusted net income per share from continuing operations to a range of $4.30 to $4.45 and reaffirmed adjusted EBITDA growth in the mid single digits. In pre-market trading, shares were up 1.79 percent at $69.40 on the NYSE.
Scotts Miracle-Gro CompanyCompany sets mid-range financial targets for fiscal 2027-2029, including adjusted EPS growth and gross margin improvement, and shares rose in pre-market trading.