Comparing the current results to its competitors, Scotts Miracle Gro Co reported Revenue increase in the 2 quarter 2026 by 3.3 % year on year. The revenue growth was below Scotts Miracle Gro Co's competitors' average revenue growth of 5.04 %, achieved in the same quarter.
Scotts Miracle Gro Co's Comment on Competition and Industry Peers
The markets in which we sell our products are highly competitive. We compete
primarily on the basis of product innovation, product quality, product performance,
value, brand strength, supply chain competency, field sales support, in-store
sales support, the strength of our relationships with major retailers and advertising.
In the U.S. lawn and garden, pest control and indoor gardening and hydroponic
markets, our products compete against private-label as well as branded products.
Primary competitors include Spectrum Brands Holdings, Inc., Bayer AG, Central
Garden & Pet Company, Enforcer Products, Inc., Kellogg Garden Products,
Oldcastle Retail, Inc., Lebanon Seaboard Corporation, Reckitt Benckiser, FoxFarm
and Advanced Nutrients. In addition, we face competition from smaller regional
competitors who operate in many of the areas where we compete.
Internationally, we face strong competition in the lawn and garden market, particularly
in Europe, Australia and Canada. Our competitors include Compo AcquiCo SARL,
Bayer AG, Westland Horticulture Ltd, Neudorff, Yates, Premier Tech and a variety
of local companies including private label brands.
Overall company revenue, grew less, than total company revenues, at 3.3 % and company approximately market share, declined to 20.96 %. << More on SMG Market Share.
*Market share is calculated based on total revenue.
July 31, 2024
NEW YORK, July 31, 2024 Investors in The Scotts Miracle-Gro Company (NYSE: SMG) find themselves at a crossroads as a class action securities fraud lawsuit looms, while the company simultaneously showcases impressive financial performance relative to its competitors. Levi and Korsinsky, LLP, a law firm specializing in securities litigation, has announced that individuals who have invested in Scotts Miracle-Gro should contact them before August 5, 2024, to understand their rights in this unfolding legal matter.Scotts Miracle-Gro, a leader in lawn and garden products, reported a 2.61% year-on-year revenue increase in the first quarter of 2024. This growth stands in stark contrast to the average revenue growt...
February 5, 2024
The Scotts Miracle-Gro Foundation has joined hands with the Alliance for Water Efficiency to foster water usage research and education. However, amidst this commendable initiative, recent financial performance results revealed a significant decrease in quarterly sales for the company. The project is part of a broader sustainability mission aimed at facilitating better management of water resources. The initiative will leverage the combined joists of the Scotts Miracle-Gro Foundation and Alliance for Water Efficiency to develop innovative solutions and educational resources to promote efficient water use.On a less positive note, the financial results for the third quarter of 2023 disclosed an underwhelming pe...
Central Garden and Pet Co is a company that operates in the pet and garden industry. They manufacture and distribute a wide range of products such as pet food, pet supplies, lawn and garden care items, and professional pest control products. Their business model revolves around producing and delivering high-quality products to various retail channels and consumers, aiming to establish a strong presence and meet the needs of pet owners and gardening enthusiasts.
Growgeneration Corp is a retail supplier of hydroponic and organic gardening products. The company operates a chain of stores across the United States, offering a wide range of equipment, nutrients, and other materials needed for cultivating plants indoors. By serving both professional and hobbyist growers, Growgeneration aims to capitalize on the growing demand for sustainable and high-yield agriculture solutions.
Hydrofarm Holdings Group Inc's business model is focused on manufacturing and distributing horticultural equipment and supplies, providing hydroponic and indoor gardening solutions to commercial and hobbyist growers.
Seaboard Corporation is a diversified conglomerate with a complex business model that operates in various industries, including agriculture, energy, and transportation.
Spectrum Brands Holdings Inc operates as a consumer products company that provides a diverse range of products including batteries, personal care products, pet supplies, and home appliances. Their business model focuses on developing and marketing trusted brands to meet the everyday needs of consumers worldwide.
Sources:
Scotts Miracle gro Co’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: publicly traded companies.
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