The Scotts Miracle-Gro Company (NYSE: SMG) reaffirmed its full fiscal year 2026 financial guidance, citing positive trends in its lawn and garden business as the peak season approaches.

The Marysville, Ohio-based company reported that its year-to-date branded consumer point-of-sale dollars increased approximately 1 percent compared to the same period last year through early June. The company has locked in about 90 percent of its commodities for fiscal 2026, providing confidence in achieving its gross margin guidance of at least 32 percent.

Chief Executive Jim Hagedorn said the company continues to see consistent retailer engagement and steady consumer takeaway. President Nate Baxter noted gains in point-of-sale and retailer replenishment since Memorial Day, despite regional weather challenges in early May.

Chief Financial Officer Mark Scheiwer said the performance supports the company's ability to deliver net sales growth and profitability improvement. Achieving adjusted EBITDA and free cash flow targets would enable the company to maintain its leverage ratio in the high 3s and begin share repurchases by year-end.

The reaffirmed fiscal 2026 guidance includes U.S. Consumer net sales growth in the low single digits, non-GAAP adjusted gross margin of at least 32 percent, and non-GAAP adjusted earnings per share from continuing operations of $4.15 to $4.35. The company expects mid single-digit growth in adjusted EBITDA and free cash flow of approximately $275 million.

ScottsMiracle-Gro announced it will host an investor day at the New York Stock Exchange on August 4, beginning at 9 a.m. ET. The event will feature presentations from executive and senior leadership teams discussing mid- to long-term strategic priorities and financial goals.

The company markets branded consumer lawn and garden products in North America with approximately $3.3 billion in sales, according to the press release.