The Scotts Miracle-Gro Company has reaffirmed its fiscal year 2025 guidance, highlighting strong consumer engagement during the peak lawn and garden season. The company anticipates non-GAAP adjusted EBITDA to range from $570 million to $590 million and projects free cash flow of approximately $250 million. Additionally, Scotts Miracle-Gro expects non-GAAP adjusted earnings per diluted share to be at least $3.50, marking a 53% increase compared to the prior year. The company also expects its interest expense to be approximately $30 million lower than the previous year, an improvement over the earlier estimate of a $15 million to $20 million decrease. The diluted share count is projected to increase by approximately 1 million, a revision from the previous estimate of 2 million. In terms of fiscal year 2025 outlook, the company is maintaining its guidance for U.S. Consumer net sales to grow in the low single-digit range, excluding non-repeat sales for AeroGarden and bulk raw material sales. It also anticipates a non-GAAP adjusted gross margin of approximately 30 percent. This guidance update comes as the company reports continued consumer POS unit and dollar growth during the peak season, with year-to-date increases aligning with trends observed in the first half of the fiscal year.
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