Filing Flows › Scotts Miracle-Gro (SMG) › Q1 FY26
Scotts Miracle-Gro (SMG) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Feb 4, 2026
Scotts Miracle-Gro (SMG) reported revenue of $354M for the first quarter fiscal 2026 (Q1 FY26), -3% from a year earlier and -29% from the quarter before. Operating margin was -6.2%, net loss $125M (35.3% of revenue).
Scotts Miracle-Gro, Q1 FY26: revenue $354M (-3% year over year), operating margin -6.2%, net loss $125M, operating cash flow −$370M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $354M | -29% | -3% |
| Operating profit | −$21.8M | — | — |
| Net earnings | −$125M | — | — |
| Operating cash flow | −$370M | -313% | — |
What changed
Revenue was $354.4M in Q1 FY26, down 3% year over year and down 29% from the previous quarter. U.S. Consumer was the largest line at 93% of revenue. U.S. Consumer lost $12.4M year over year (down 4%), 102% of the total change.
Gross margin was 25.0%, up 0.9 points from a year earlier. Operating costs exceeded revenue by $21.8M, an operating margin of -6.2%. Operating expenses fell 18% while revenue fell 3%. The quarter ended with a net loss of $125.0M, narrower than the previous quarter's $151.9M loss. Net interest and other expense of $118.7M was the main reason.
Operating cash flow was −$370.4M. Non-cash charges added back $15.6M of depreciation and $7.4M of share-based compensation. Working capital and other items used $268.4M. Capital expenditures of $20.0M exceeded it, leaving free cash flow of −$390.4M.
Questions
What was Scotts Miracle-Gro's revenue in the first quarter fiscal 2026?
Scotts Miracle-Gro (SMG) reported revenue of $354M for the first quarter fiscal 2026 (Q1 FY26), -3% from a year earlier and -29% from the quarter before.
Was Scotts Miracle-Gro profitable in the first quarter fiscal 2026?
Operating loss was $21.8M (-6.2% of revenue) and net loss $125M.
Source: Scotts Miracle-Gro 10-Q on SEC EDGAR.