The Scotts Miracle Gro Co Class A

SMG: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$675.00	Xrymh	Fwfp

Scotts Miracle-Gro: We See Long-Term Profit Growth Following Pandemic Boom and Subsequent Bust

Seth Goldstein

Aug 20, 2024

Narrow-moat Scotts Miracle-Gro, the market leader in US gardening, was one of the rare companies to benefit from the pandemic. As US consumers remained home, many chose gardening as a recreational activity, a trend that proved temporary. By 2021, profits nearly doubled from 2019 as the US home gardening industry boomed.

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