By Rob Curran

Scotts Miracle-Gro's fiscal first-quarter loss widened as sales dwindled in its slow season, but the company reiterated growth forecasts for the fiscal year and said it was close to the sale of its cannabis-horticulture unit.

The Marysville, Ohio, maker of fertilizer, lawn-care and pest-control products under brands such as Scotts and Ortho logged a loss of $125 million, or $2.16 a share for the quarter ended in December, widened from $69.5 million, or $1.21 a share, a year earlier.

Scotts classified its Hawthorne Gardening cannabis-supply unit as discontinued operations for the quarter. The quarterly loss from discontinued operations was $77.2 million, far wider than $3.4 million a year earlier. The company recently signed a deal to unload Hawthorne to marijuana specialist Vireo Growth, citing the volatility of the cannabis business.

Stripping out certain one-off items, Scotts posted a loss of 77 cents a share, narrower than the mean analyst estimate of a $1 a share loss.

First-quarter sales slipped 3% to $354.4 million, short of the mean analyst estimate of $358 million, as per FactSet.

For the fiscal year ending in September 2026, Scotts reiterated its projection for adjusted earnings from continuing operations in a range between $4.15 and $4.35 a share. The company also backed its forecast of U.S. consumer sales growth in the low single percentage digits for the fiscal year.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

January 28, 2026 07:57 ET (12:57 GMT)

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