Filing Flows › Scotts Miracle-Gro (SMG) › Q2 FY25
Scotts Miracle-Gro (SMG) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed May 7, 2025
Scotts Miracle-Gro (SMG) reported revenue of $1.4B for the second quarter fiscal 2025 (Q2 FY25), -9% from a year earlier and +233% from the quarter before. Operating margin was 25.2%, net earnings $218M (15.7% of revenue).
Scotts Miracle-Gro, Q2 FY25: revenue $1.4B (-9% year over year), operating margin 25.2%, net earnings $218M, operating cash flow $188M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4B | +233% | -9% |
| Gross profit | $542M | +472% | +17% |
| Operating profit | $350M | — | +29% |
| Net earnings | $218M | — | +38% |
| Operating cash flow | $188M | — | -38% |
| Free cash flow | $180M | — | -38% |
What changed
Revenue was $1.4B in Q2 FY25, down 9% year over year and up 233% from the previous quarter. U.S. Consumer was the largest line at 94% of revenue. U.S. Consumer lost $0.07B year over year (down 5%), 50% of the total change.
Gross margin was 39.0%, up 8.6 points from a year earlier. Operating profit was $0.35B, a 25.2% margin (up 7.3 points year over year). Operating expenses grew 0% against a revenue fall of 9%. Net earnings were $0.22B, up 38% year over year. The effective tax rate was 28.2%.
Operating cash flow was $0.19B (down 38% year over year), 86% of net earnings. Non-cash charges added back $0.02B of depreciation and $0.02B of share-based compensation. Working capital and other items used $0.07B. Capital expenditures of $0.01B left free cash flow of $0.18B.
Questions
What was Scotts Miracle-Gro's revenue in the second quarter fiscal 2025?
Scotts Miracle-Gro (SMG) reported revenue of $1.4B for the second quarter fiscal 2025 (Q2 FY25), -9% from a year earlier and +233% from the quarter before.
Was Scotts Miracle-Gro profitable in the second quarter fiscal 2025?
Operating profit was $350M (25.2% of revenue) and net earnings $218M.
Source: Scotts Miracle-Gro 10-Q on SEC EDGAR.