Reported about 8 hours ago
The Scotts Miracle-Gro Company (SMG) is showing potential for a turnaround as it refocuses on its core U.S. consumer lawn and garden business after previous missteps, particularly in the Hawthorne segment. With a target of $700 million in EBITDA by FY27 and plans to return capital to shareholders, SMG's stock appears undervalued and offers upside potential if the company successfully executes its volume and margin recovery strategy. CEO Jim Hagedorn aims for a leaner capital structure and has acknowledged past mistakes, which could lead to improved performance.
Source: YAHOO