Scotts Miracle-Gro Shares Rise Following Narrower Q4 Loss and Positive 2027 Outlook
Scotts Miracle-Gro (SMG) saw its shares climb 5.2% in premarket trading after reporting a fourth-quarter adjusted loss of $2.16 per share, which exceeded analyst expectations. While the company faced a revenue shortfall during the quarter, the narrower-than-expected loss provided relief to investors. The upward momentum was primarily driven by management's optimistic long-term guidance. The lawn and garden products manufacturer issued a forecast for stronger sales and earnings heading into fiscal 2027, signaling confidence in its recovery trajectory despite recent quarterly headwinds.
Tickers: $SMG
Topics: earnings beat future guidance revenue shortfall stock price movement