Business Context and Reporting Period
Company: The Scotts Miracle-Gro Company (SMG)
Filing Type: Form 8-K (Current Report)
Date of Report: February 20, 2026
Reporting Period: Fiscal 2024 and 2025 (Revised Historical Data)
This filing addresses a strategic shift during the first quarter of fiscal 2026, where the Company determined the Hawthorne business met the criteria to be classified as held for sale. Consequently, the Hawthorne business results are now classified as a discontinued operation for all periods presented in the Company's financial reports.
Key Financial Metrics
This Form 8-K serves as a notification of revised financial data rather than a source of new operational metrics for the current period. The filing does not contain specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity within the text provided.
The filing references Exhibit 99.1, which contains the following unaudited condensed consolidated selected financial data:
- Revised reported GAAP quarterly and annual results for fiscal 2024 and 2025.
- Revised adjusted non-GAAP financial measures for the quarterly and annual periods comprising fiscal 2024 and 2025.
- Revised Segment results for the quarterly and annual periods comprising fiscal 2024 and 2025.
Material Changes Versus Prior Period
The primary material change is the reclassification of the Hawthorne business results from continuing operations to discontinued operations. This adjustment applies retroactively to all periods presented in the Company's Quarterly Report on Form 10-Q for the period ended December 27, 2025, and the Annual Reports for fiscal years 2024 and 2025.
Guidance, Outlook, and Risks
Management Commentary: The Company states that the classification of the Hawthorne business as held for sale represents a strategic shift. The filing is intended to provide additional historical financial results reflecting this change.
Outlook and Risks: The filing text does not provide specific forward-looking guidance, updated risk factors, or details on contingencies beyond the strategic decision to divest the Hawthorne business. Investors are directed to read this report in conjunction with the Company's 10-K and 10-Q filings.
Important Facts for Investor Verification
- Verify the specific financial impact of the Hawthorne business reclassification by reviewing Exhibit 99.1 (Unaudited Condensed, Consolidated Selected Financial Data) attached to this filing.
- Confirm the revised GAAP and non-GAAP metrics for fiscal 2024 and 2025 to understand the adjusted historical performance.
- Review the Company's Form 10-Q for the period ended December 27, 2025, to see the initial application of the discontinued operation classification.
- Note that the filing text itself does not disclose the specific sale price, expected closing date, or detailed financial results of the Hawthorne business.