Scotts Miracle-Gro Company's stock surged 5.64% in the pre-market session on Wednesday, driven by the company's better-than-expected first-quarter results, which fueled optimism for the upcoming spring season.

The lawn and garden products company reported a narrower-than-anticipated adjusted loss of $0.89 per share for the fiscal first quarter ended December 28, beating analysts' estimates of a $1.23 loss per share. Revenue of $416.8 million also exceeded expectations of $392.1 million, driven by strong performance in the U.S. Consumer business, which saw an 11% year-over-year increase in net sales.

The solid results reflect robust consumer engagement during the fall selling season and early retailer load-in for the spring season. Scotts Miracle-Gro's improved gross margins and lower debt levels further contributed to the positive sentiment, as the company continues to strengthen its balance sheet and position itself for growth.