ScottsMiracle-Gro Announces Execution of Key Capital Allocation Initiatives

Scotts Miracle-Gro Company announced successful execution of its capital allocation strategy, including redemption of $250 million in senior notes due 2026, renewal of a $750 million accounts receivable facility, and initiation of a $500 million share repurchase program. The company reaffirmed its Fiscal 2026 guidance with expectations for low single-digit U.S. consumer net sales growth, adjusted gross margins of at least 32%, and free cash flow of $275 million.