Scotts Miracle Gro Pulls Hawthorne Guidance, Citing Uncertain Environment In Cannabis Industry, Stock Falls
1. SMG's Q2 2025 EPS rose 8% to $3.98, above consensus. 2. Sales fell 7% year-over-year to $1.42 billion, missing expectations. 3. U.S. consumer sales decreased 5%, affected by a slow lawn season. 4. Hawthorne sales plummeted 51% to $32.7 million amidst cannabis uncertainties. 5. Adjusted EBITDA was $402.8 million, showing slight improvement year-over-year.