Recent Security Class Actions

Scotts Miracle-Gro Company (The) Common Stock (NYSE: SMG)

20 Days left to seek lead plaintiff status.

Company Name:Scotts Miracle-Gro Company (The) Common Stock
Stock Symbol:NYSE: SMG
Class Period Start:11/03/2021
Class Period End (inclusive):08/01/2023
Filing Deadline:08/05/2024

On August 2, 2023, the Company disclosed disappointing financial results including a decline in quarterly sales for fiscal third quarter of 6%, a decline in gross margin by 420 basis points, as well as a cut to fiscal year EBITDA guidance by a staggering 25% and a $20 million write down of “pandemic driven excess inventories.”  On this news, the price of Scotts’ shares fell by $13.58 per share, or 19%, from a closing price of $71.44 per share on August 1, 2023, to a closing price of $57.86 per share on August 2, 2023.

Scotts Miracle-Gro Company (The) Common Stock (NYSE: SMG) Claim Form

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