SMG Stock Recent News

One of the better sources of growth in the stock market on Thursday could be found with Scotts Miracle-Gro (SMG 10.87%) shares. The veteran gardening supplies company enjoyed an 11% surge across the trading session, after it reiterated its bullish guidance for the entirety of its fiscal 2025.

MARYSVILLE, Ohio, June 05, 2025 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE: SMG), the world's leading marketer of branded consumer lawn and garden as well as a leader in indoor and hydroponic growing products, announced today that it is reaffirming its full fiscal year 2025 guidance. The Company is providing the guidance update through the first two months of its fiscal third quarter in advance of its presentation today at the William Blair Annual Growth Stock Conference.

As most marijuana stocks are trading at all-time lows some are troubled by how a successful industry can be doing poorly in the market. As the 2025 first-quarter earnings show, a bulk of the companies that reported showed solid results. This ranges from new products and partnerships to increased profits and revenue. In addition to company growth and shortcomings as well. Overall the cannabis industry has continued to blossom into what many felt would never happen.

The U.S. cannabis industry continues to expand, even with ongoing regulatory challenges. In 2025, the market is projected to generate over $45 billion in revenue. Consumer demand is rising, and dispensary numbers continue to grow across the country. By 2030, the market could exceed $75 billion, driven by both medical and recreational use. So far, 24 states and Washington, D.C., have legalized recreational cannabis. In addition, 39 states allow it for medical purposes. However, federal prohibition still limits banking access and interstate commerce. Despite this, ancillary companies play a vital role. These firms do not touch the plant but support cultivation, production, and distribution. As the industry matures, these businesses offer more stability. For that reason, investors are closely watching key ancillary stocks this week.

Scotts (SMG) reported earnings 30 days ago. What's next for the stock?

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MARYSVILLE, Ohio, May 22, 2025 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE: SMG), the world's leading marketer of branded consumer lawn and garden as well as a leader in indoor and hydroponic growing products, will participate in the William Blair 45th Annual Growth Stock Conference in Chicago on Thursday, June 5, 2025. President and Chief Operating Officer Nate Baxter and Chief Financial Officer Mark Scheiwer will be among the featured speakers at the conference, discussing current business strategies for ScottsMiracle-Gro at approximately 8:40 a.m.

Let us take a better look at the progress of the cannabis industry and all that has been done. Since 2018, legal cannabis has been on the move, with every setback being a preparation for a major comeback. Legal operators in the US have been under fire since day one of heading to market. Many regulations and restrictions make things tough, especially for the non-MSO or family-run farms.

The decline in Q2 sales of SMG's U.S. Consumer unit is a result of a colder and slower start to the lawn and garden season.

Scotts Miracle-Gro (SMG) stock is falling despite what the company says was a strong second quarter. Jim Hagedorn, chairman and CEO of Scotts Miracle-Gro, joins Market Domination to discuss the company's earning print.