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EARNINGS PER COMMON SHARE - Calculation of Earnings per Share (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Dec. 27, 2025	Dec. 28, 2024
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Net loss from continuing operations	$ (47.8)	$ (66.1)
Net income (loss) attributable to controlling interest	(125.0)	(69.5)
Loss from discontinued operations, net of tax	$ (77.2)	$ (3.4)
Basic net loss per common share:
Income (loss) from continuing operations (USD per share)	$ (0.83)	$ (1.15)
Income (loss) from discontinued operations (USD per share)	$ (1.33)	$ (0.06)
Weighted-average common shares outstanding during the period (in shares)	57,900,000	57,300,000
Basic income (loss) per common share (USD per share)	$ (2.16)	$ (1.21)
Diluted net loss per common share:
Income (loss) from continuing operations (USD per share)	(0.83)	(1.15)
Income (loss) from discontinued operations (USD per share)	(1.33)	(0.06)
Diluted income (loss) per common share (USD per share)	$ (2.16)	$ (1.21)
Weighted-average common shares outstanding during the period (in shares)	57,900,000	57,300,000
Dilutive potential Common Shares (in shares)	0	0
Weighted-average common shares outstanding during the period plus dilutive potential common shares (in shares)	57,900,000	57,300,000
Anti-dilutive stock options outstanding (in shares)	900,000	1,500,000
Options
Diluted net loss per common share:
Anti-dilutive stock options outstanding (in shares)	1,500,000	200,000

EQUITY - Summary of the Changes in Equity (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Dec. 27, 2025	Dec. 28, 2024
Schedule of Equity Method Investments [Line Items]
Dividends declared (USD per share)	$ 0.66	$ 0.66
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Total equity, beginning balance	$ (357.5)	$ (390.6)
Net income (loss)	(125.0)	(69.5)
Other comprehensive income (loss)	3.5	2.5
Share-based compensation	24.3	31.4
Dividends declared	(38.5)	(38.5)
Treasury share purchases	(8.3)	(15.6)
Treasury share issuances	0.9	0.8
Total equity, ending balance	(500.6)	(479.5)
Common Shares and Capital in Excess of Stated Value
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity beginning balance	351.6	362.0
Share-based compensation	24.3	31.4
Treasury share issuances	(29.0)	(44.3)
Equity ending balance	346.9	349.1
Retained Earnings
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity beginning balance	294.7	303.8
Net income (loss)	(125.0)	(69.5)
Dividends declared	(38.5)	(38.5)
Equity ending balance	131.2	195.8
Treasury Shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity beginning balance	(894.1)	(949.1)
Treasury share purchases	(8.3)	(15.6)
Treasury share issuances	29.9	45.1
Equity ending balance	(872.5)	(919.6)
Accumulated Other Comprehensive Loss
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity beginning balance	(109.7)	(107.3)
Other comprehensive income (loss)	3.5	2.5
Equity ending balance	$ (106.2)	$ (104.8)

EARNINGS PER COMMON SHARE (Tables)

3 Months Ended

Dec. 27, 2025

Earnings Per Share [Abstract]

Information to Calculate Basic and Diluted Earnings (Loss) Per Common Share

The following table presents information necessary to calculate basic and diluted net loss per common share for the periods indicated:


	Three Months Ended
	December 27, 2025		December 28, 2024

Net loss from continuing operations	$	(47.8)	$	(66.1)


Loss from discontinued operations, net of tax	(77.2)		(3.4)
Net loss	$	(125.0)	$	(69.5)
Basic net loss per common share:
Continuing operations	$	(0.83)	$	(1.15)
Discontinued operations	(1.33)		(0.06)
Basic net loss per common share	$	(2.16)	$	(1.21)

Weighted-average common shares outstanding during the period	57.9		57.3
Diluted net loss per common share:
Continuing operations	$	(0.83)	$	(1.15)
Discontinued operations	(1.33)		(0.06)
Diluted net loss per common share	$	(2.16)	$	(1.21)

Weighted-average common shares outstanding during the period	57.9		57.3
Dilutive potential common shares	—		—
Weighted-average common shares outstanding during the period plus dilutive potential common shares	57.9		57.3

Antidilutive stock options outstanding	1.5		0.2

DEBT - Weighted Average Interest Rate (Details)	Dec. 27, 2025	Dec. 28, 2024
Debt Disclosure [Abstract]
Weighted average interest rate (percentage)	4.80%	5.50%

IMPAIRMENT, RESTRUCTURING AND OTHER - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 28, 2024	Dec. 27, 2025
Restructuring Cost and Reserve [Line Items]
Restructuring reserve, long-term		$ 2.6
Severance charges	$ 9.5
Loss on exchange of convertible debt instrument	7.0
Cost of sales—impairment, restructuring and other \| U.S. Consumer reportable segment
Restructuring Cost and Reserve [Line Items]
Severance charges	$ 1.4

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Condensed Consolidated Balance Sheets - USD ($) shares in Millions, $ in Millions	3 Months Ended		12 Months Ended
	Dec. 27, 2025	Dec. 28, 2024	Sep. 30, 2025
Current assets:
Cash and cash equivalents	$ 8.3	$ 5.7	$ 32.8
Accounts receivable, less allowances of $11.4, $6.9 and $10.5, respectively	193.8	173.0	160.8
Inventories	846.7	844.9	542.7
Current assets held for sale	61.0	131.3	84.8
Prepaid and other current assets	147.4	130.5	119.2
Total current assets	1,257.2	1,285.4	940.3
Investment in unconsolidated affiliates	40.5	46.4	53.6
Property, plant and equipment, net of accumulated depreciation of $836.0, $787.5 and $819.7, respectively	617.3	574.3	607.6
Goodwill	243.9	243.9	243.9
Intangible assets, net	351.4	353.6	352.0
Noncurrent assets held for sale	0.0	108.4	91.9
Other assets	523.7	558.2	452.7
Total assets	3,034.0	3,170.2	2,742.0
Current liabilities:
Current portion of debt	278.3	54.6	57.2
Accounts payable	283.9	284.4	221.4
Current liabilities held for sale	31.7	49.3	24.3
Other current liabilities	338.5	295.5	436.8
Total current liabilities	932.4	683.8	739.7
Long-term debt	2,250.2	2,636.9	2,049.2
Noncurrent liabilities held for sale	0.0	5.1	9.6
Other liabilities	352.0	323.9	301.0
Total liabilities	3,534.6	3,649.7	3,099.5
Commitments and contingencies (Note 11)
Common Stock Shares Issued Not Disclosed	true	true	true
Common Stock Shares Issued Not Disclosed	true	true	true
Common shares outstanding (shares)	58.0	57.5	57.8
Equity (deficit):
Common shares and capital in excess of $0.01 stated value per share; shares outstanding of 58.0, 57.5 and 57.8, respectively	$ 346.9	$ 349.1	$ 351.6
Retained earnings	131.2	195.8	294.7
Treasury shares, at cost; 10.2, 10.7 and 10.4 shares, respectively	(872.5)	(919.6)	(894.1)
Accumulated other comprehensive loss	(106.2)	(104.8)	(109.7)
Total equity (deficit)	(500.6)	(479.5)	(357.5)
Total liabilities and equity (deficit)	$ 3,034.0	$ 3,170.2	$ 2,742.0
Common shares stated value (USD per share)	$ 0.01	$ 0.01	$ 0.01

MARKETING AGREEMENT

3 Months Ended

Dec. 27, 2025

Marketing Agreement [Abstract]

MARKETING AGREEMENT

The Scotts Company LLC is the exclusive agent of Monsanto Company, a subsidiary of Bayer AG (“Monsanto”), for the marketing and distribution of certain of Monsanto’s consumer Roundup® branded products in the United States and certain other specified countries. The annual commission payable under the Third Amended and Restated Exclusive Agency and Marketing Agreement (the “Third Restated Agreement”) is equal to 50% of the actual earnings before interest and income taxes of Monsanto’s consumer Roundup® business for each program year in the markets covered by the Third Restated Agreement (“Program EBIT”). The Third Restated Agreement also requires the Company to make annual payments of $18.0 to Monsanto as a contribution against the overall expenses of its consumer Roundup® business, subject to reduction pursuant to the Third Restated Agreement for any program year in which the Program EBIT does not equal or exceed $36.0.

Unless Monsanto terminates the Third Restated Agreement due to an event of default by the Company, termination rights under the Third Restated Agreement include the following:

•The Company may terminate the Third Restated Agreement upon the insolvency or bankruptcy of Monsanto;

•Monsanto may terminate the Third Restated Agreement in the event that Monsanto decides to decommission the permits, licenses and registrations needed for, and the trademarks, trade names, packages, copyrights and designs used in, the sale of the Roundup® products in the lawn and garden market (a “Brand Decommissioning Termination”); and

•Each party may terminate the Third Restated Agreement if Program EBIT falls below $50.0 and, in such case, no termination fee would be payable to either party.

The termination fee structure requires Monsanto to pay a termination fee to the Company in an amount equal to (i) $375.0 upon a Brand Decommissioning Termination, and (ii) the greater of $175.0 or four times an amount equal to the average of the Program EBIT for the three program years before the year of termination, minus $186.4, if Monsanto or its successor terminates the Third Restated Agreement as a result of a Roundup Sale or Change of Control of Monsanto (each, as defined in the Third Restated Agreement).

The elements of the net commission and reimbursements earned under the Third Restated Agreement and included in the “Net sales” line in the Condensed Consolidated Statements of Operations are as follows:


	Three Months Ended
	December 27, 2025		December 28, 2024

Gross commission	$	8.9	$	10.2
Contribution expenses	(4.5)		(4.5)

Net commission	4.4		5.7
Reimbursements associated with Roundup® marketing agreement	19.4		22.0
Total net sales associated with Roundup® marketing agreement	$	23.8	$	27.7

DEBT - Senior Notes (Details) - Senior notes - USD ($) $ in Millions	Mar. 17, 2021	Oct. 22, 2019	Dec. 15, 2016	Dec. 27, 2025	Sep. 30, 2025	Dec. 28, 2024	Aug. 13, 2021
Debt Instrument [Line Items]
Debt Instrument, Covenant, Interest Coverage Ratio				5.05
5.250% Senior Notes
Debt Instrument [Line Items]
Interest rate of debt (percentage)			5.25%	5.25%	5.25%	5.25%
Proceeds from issuance of unsecured debt			$ 250.0
4.500% Senior Notes
Debt Instrument [Line Items]
Interest rate of debt (percentage)		4.50%		4.50%	4.50%	4.50%
Proceeds from issuance of unsecured debt		$ 450.0
4.000% Senior Notes
Debt Instrument [Line Items]
Interest rate of debt (percentage)	4.00%			4.00%	4.00%	4.00%
Proceeds from issuance of unsecured debt	$ 500.0
4.375% Senior Notes
Debt Instrument [Line Items]
Interest rate of debt (percentage)				4.375%	4.375%	4.375%	4.375%
Principal amount of debt							$ 400.0

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Dec. 27, 2025	Dec. 28, 2024
OPERATING ACTIVITIES
Net loss	$ (125.0)	$ (69.5)
Adjustments to reconcile net loss to net cash used in operating activities:
Impairment, restructuring and other	0.6	12.5
Share-based compensation expense	7.4	15.5
Depreciation	15.6	15.8
Amortization	2.8	3.1
Deferred taxes	(22.9)	(21.8)
Loss on measurement of held for sale assets	104.8	0.0
Equity in loss of unconsolidated affiliates	13.1	9.9
Changes in assets and liabilities, net of acquisitions and dispositions:
Accounts receivable	(30.3)	(38.7)
Inventories	(300.9)	(326.7)
Prepaid and other current assets	(27.7)	(10.7)
Accounts payable	63.1	69.7
Other current liabilities	(82.5)	(100.8)
Other non-current items	15.8	(2.8)
Other, net	(4.3)	(0.8)
Net cash used in operating activities	(370.4)	(445.3)
INVESTING ACTIVITIES
Investments in property, plant and equipment	(20.0)	(29.3)
Other investing, net	(1.8)	6.0
Net cash used in investing activities	(21.8)	(23.3)
FINANCING ACTIVITIES
Borrowings under revolving and bank lines of credit and term loans	1,145.6	525.1
Repayments under revolving and bank lines of credit and term loans	(723.1)	(60.3)
Financing and issuance fees	(8.6)	0.0
Dividends paid	(38.3)	(39.2)
Purchase of Common Shares	(8.3)	(15.6)
Cash received from exercise of stock options	0.7	0.7
Other financing, net	(1.2)	(3.0)
Net cash provided by financing activities	366.8	407.7
Effect of exchange rate changes on cash	0.1	(0.9)
Net decrease in cash and cash equivalents, including cash and cash equivalents classified within current assets held for sale	(25.3)	(61.8)
Less: Net decrease in cash and cash equivalents classified within current assets held for sale	(0.8)	(5.1)
Net decrease in cash and cash equivalents	(24.5)	(56.7)
Cash and cash equivalents at beginning of period	32.8	62.4
Cash and cash equivalents at end of period	$ 8.3	$ 5.7

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	Dec. 27, 2025
Accounting Policies [Abstract]
Nature of Operations	Nature of Operations The Scotts Miracle-Gro Company (“Scotts Miracle-Gro”) and its subsidiaries (collectively, with Scotts Miracle-Gro, the “Company”) are engaged in the manufacturing, marketing and sale of products for lawn and garden care and indoor and hydroponic gardening. The Company’s products are primarily sold in North America. The Company’s North America consumer lawn and garden business is highly seasonal, with more than 75% of its annual net sales occurring in the second and third fiscal quarters.
Organization and Basis of Presentation	Organization and Basis of Presentation The Company’s unaudited condensed consolidated financial statements for the three months ended December 27, 2025 and December 28, 2024 are presented in accordance with accounting principles generally accepted in the United States of America (“GAAP”). The condensed consolidated financial statements include the accounts of Scotts Miracle-Gro and its consolidated subsidiaries. All intercompany transactions and accounts have been eliminated in consolidation. The Company consolidates all majority-owned subsidiaries and variable interest entities where the Company has been determined to be the primary beneficiary. The results of businesses acquired or disposed of are included in the condensed consolidated financial statements from the date of each acquisition or up to the date of disposal, respectively. In the opinion of management, interim results reflect all normal and recurring adjustments and are not necessarily indicative of results for a full year. Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been omitted or condensed pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Accordingly, this Quarterly Report on Form 10-Q for the fiscal quarter ended December 27, 2025 (this “Form 10-Q”) should be read in conjunction with Scotts Miracle-Gro’s Annual Report on Form 10-K for the fiscal year ended September 30, 2025 (the “2025 Annual Report”), which includes a complete set of footnote disclosures, including the Company’s significant accounting policies. The Company’s Condensed Consolidated Balance Sheet at September 30, 2025 has been derived from the Company’s audited Consolidated Balance Sheet at that date, but does not include all of the information and footnotes required by GAAP for complete financial statements. On March 14, 2025, the Company sold all of the issued and outstanding shares of capital stock of its formerly wholly-owned subsidiary The Hawthorne Collective, Inc. (“THC”) to Bad Dog Holdings LLC (“BDH”) in exchange for a promissory note with a principal amount of $39.0. BDH was formed to hold and manage the investments held by THC and is owned and controlled by a strategic partner of the Company. At the time of the sale, THC held non-voting exchangeable shares of FLUENT Corp. (formerly Cansortium Inc.) (“FLUENT”) (CSE: FNT.U) (OTCQB: CNTMF), a vertically-integrated, multi-state cannabis company, and other minority non-equity investments, with a total book value of $39.0. BDH granted the Company a call option that enables the Company, subject to certain restrictions, to reacquire all of the issued and outstanding shares of capital stock of THC in exchange for canceling the principal amount of the promissory note and making an additional payment to BDH equal to 5% of any appreciation in the fair value of THC. The Company may exercise the call option in its sole and absolute discretion, until the earlier of (i) March 14, 2035 and (ii) the date of the consummation of a merger, change in control or consolidation of BDH or a sale, lease, transfer, exclusive license or other disposition of all or substantially all of the assets of BDH. The Company also granted BDH a put option providing BDH with the right to cause the Company to reacquire all the issued and outstanding shares of capital stock of THC in exchange for canceling the principal amount of the promissory note. The Company has determined that it has a variable interest in BDH and that BDH is a variable interest entity. Additionally, based on its assessment of the characteristics of its variable interest in BDH, including the involvement of its de facto agents, the Company has determined it is the primary beneficiary of BDH and, as a result, is required to consolidate BDH in its condensed consolidated financial statements. As of December 27, 2025, BDH had assets of $24.6 recorded in the “Other assets” line in the Condensed Consolidated Balance Sheets, and total liabilities of $39.0 associated with the promissory note due to the Company, which is eliminated in consolidation.
Assets and Liabilities Held For Sale	Assets and Liabilities Held for Sale Assets and liabilities related to a business classified as held for sale are segregated in the Condensed Consolidated Balance Sheets for all periods presented. Upon classification as held for sale, the Company ceases depreciation and amortization and measures the assets (or disposal group) at the lower of carrying amount or fair value less cost to sell. Any resulting loss is recognized in the period in which the held for sale criteria are met. This valuation adjustment (allowance) is adjusted based on subsequent changes in estimates of fair value less cost to sell. During the three months ended December 27, 2025, the Company determined that the Hawthorne business meets the criteria to be classified as held for sale, and has reclassified the related assets and liabilities as held for sale on the Condensed Consolidated Balance Sheets for all periods presented.
Supplier Finance Program	Supplier Finance Program The Company has an agreement to provide a supplier finance program which facilitates participating suppliers’ ability to finance payment obligations of the Company with a designated third-party financial institution. Participating suppliers may, at their sole discretion, elect to finance payment obligations of the Company prior to their scheduled due dates at a discounted price to the participating financial institution. The Company’s obligations to its suppliers, including amounts due and scheduled payment dates, are not impacted by suppliers’ decisions to finance amounts under this arrangement. The payment terms that the Company negotiates with its suppliers are consistent, regardless of whether a supplier participates in the program. The Company’s current payment terms with a majority of its suppliers generally range from 30 to 60 days, which the Company deems to be commercially reasonable.
Recently Issued Accounting Pronouncements	RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS In December 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures.” This ASU primarily requires enhanced disclosures and disaggregation of income tax information by jurisdiction in the annual income tax reconciliation and quantitative and qualitative disclosures regarding income taxes paid. The new disclosure requirements are to be applied prospectively, with the option to apply retrospectively, and will be included in the Company’s Annual Report on Form 10-K for the fiscal year ending September 30, 2026. The Company is currently evaluating the impact that the adoption of this guidance will have on the Company’s disclosures. In November 2024, the FASB issued ASU No. 2024-03, “Income Statement — Reporting Comprehensive Income — Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses.” This ASU requires disaggregated disclosures on an annual and interim basis, in the notes to the financial statements, of certain categories of expenses that are included in expense line items on the face of the statement of operations. ASU No. 2024-03 is to be applied prospectively, with the option to apply the standard retrospectively, effective for the Company’s fiscal year ending September 30, 2028, and interim periods within the fiscal year ending September 30, 2029. The Company is currently evaluating the impact that the adoption of this guidance will have on the Company’s disclosures. In September 2025, the FASB issued ASU No. 2025-06, “Intangibles — Goodwill and Other — Internal-Use Software: Targeted Improvements to the Accounting for Internal-Use Software.” This ASU amends the accounting for and disclosure of software costs. ASU No. 2025-06 is effective for the Company’s fiscal year ending September 30, 2029 and interim periods within that fiscal year, with early adoption permitted. The Company is currently evaluating the impact that the adoption of this guidance will have on the Company’s consolidated financial statements and disclosures.

DISCONTINUED OPERATIONS

3 Months Ended

Dec. 27, 2025

Discontinued Operations and Disposal Groups [Abstract]

DISCONTINUED OPERATIONS

During the three months ended December 27, 2025, the Company determined that the Hawthorne business meets the criteria to be classified as held for sale, and has reclassified the related assets and liabilities as held for sale on the Condensed Consolidated Balance Sheets for all periods presented. The Company expects the sale of the Hawthorne business to occur within twelve months from the date it met the held for sale criteria. The Company determined this represents a strategic shift, and therefore, effective in the first quarter of fiscal 2026, the Company classified its results of operations for all periods presented to reflect the Hawthorne business as a discontinued operation, including the Hawthorne professional horticulture business based in the Netherlands that was sold during the three months ended September 30, 2025.

The following represents the major components of the financial results of the Hawthorne business for each of the periods presented:


	Three Months Ended
		December 27, 2025		December 28, 2024

Net sales		$	23.0	$	52.1
Cost of sales		(18.8)		(42.1)
Cost of sales — impairment, restructuring and other		0.1		(3.7)
Selling, general and administrative		(6.2)		(11.3)
Impairment, restructuring and other		(0.6)		—
Other expenses, net		(0.1)		(0.1)
Loss from discontinued operations before income taxes		(2.6)		(5.1)
Loss on measurement of held for sale assets		(104.8)		—
Income tax benefit from discontinued operations		30.2		1.7
Loss from discontinued operations, net of tax		$	(77.2)	$	(3.4)

During the three months ended December 27, 2025, the Company recorded a non-cash pre-tax charge of $104.8 related to a valuation adjustment to recognize the carrying amount of the Hawthorne business at fair value less estimated costs to sell in the “Loss from discontinued operations, net of tax” line on the Condensed Consolidated Statements of Operations.

The following represents the major classes of assets and liabilities that have been classified as held for sale on the Condensed Consolidated Balance Sheets for each of the periods presented:


	December 27, 2025		December 28, 2024		September 30, 2025

Cash and cash equivalents	$	3.0	$	4.2	$	3.8
Accounts receivable, net	24.0		40.5		26.1
Inventories	48.4		64.9		50.1
Prepaid and other current assets	4.5		21.7		4.8
Property, plant and equipment, net	21.3		32.6		24.0
Intangible assets, net	47.8		61.2		49.8
Other assets	16.8		14.6		18.1
Valuation adjustment (allowance) on disposal group	(104.8)		—		—
Total assets held for sale	$	61.0	$	239.7	$	176.7

Accounts payable	$	8.2	$	25.0	$	7.8
Other current liabilities	15.2		24.3		16.5

Other liabilities	8.3		5.1		9.6
Total liabilities held for sale	$	31.7	$	54.4	$	33.9

As of December 27, 2025, the assets and liabilities held for sale are classified as current in the Condensed Consolidated Balance Sheets as it is probable that the sale will occur within one year.

The Condensed Consolidated Statements of Cash Flows do not present the cash flows from discontinued operations separately from cash flows from continuing operations. Cash provided by (used in) operating activities related to discontinued operations totaled $1.8 and $(19.4) for the three months ended December 27, 2025 and December 28, 2024, respectively. Cash provided by (used in) investing activities related to discontinued operations was not material for the three months ended December 27, 2025 and December 28, 2024.

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) shares in Millions, $ in Millions	3 Months Ended		12 Months Ended
	Dec. 27, 2025	Dec. 28, 2024	Sep. 30, 2025
Statement of Financial Position [Abstract]
Accounts receivable, allowances	$ 11.4	$ 6.9	$ 10.5
Property, plant and equipment, accumulated depreciation	$ 836.0	$ 787.5	$ 819.7
Common shares stated value (USD per share)	$ 0.01	$ 0.01	$ 0.01
Common shares outstanding (shares)	58.0	57.5	57.8
Treasury shares, at cost (shares)	10.2	10.7	10.4
Common Stock Shares Issued Not Disclosed	true	true	true
Common Stock Shares Issued Not Disclosed	true	true	true

INVESTMENT IN UNCONSOLIDATED AFFILIATES (Details) - USD ($) shares in Millions	3 Months Ended
	Dec. 27, 2025	Dec. 28, 2024	Sep. 30, 2025
Investments in and Advances to Affiliates, Activity [Line Items]
Equity in loss of unconsolidated affiliates	$ 13,100,000	$ 9,900,000
Loss on exchange of convertible debt instrument		7,000,000.0
Investment in unconsolidated affiliates	$ 40,500,000	$ 46,400,000	$ 53,600,000
Bonnie Plants
Investments in and Advances to Affiliates, Activity [Line Items]
Equity ownership percentage	50.00%
Equity in loss of unconsolidated affiliates	$ 10,600,000
Fluent
Investments in and Advances to Affiliates, Activity [Line Items]
Equity ownership percentage	25.00%
Equity in loss of unconsolidated affiliates	$ 2,600,000
Non-voting exchangeable shares converted (in shares)	153.1
Investment in unconsolidated affiliates	$ 0

- Definition

This item represents the carrying amount on the entity's balance sheet of its investment in common stock of an equity method investee. This is not an indicator of the fair value of the investment, rather it is the initial cost adjusted for the entity's share of earnings and losses of the investee, adjusted for any distributions (dividends) and other than temporary impairment (OTTI) losses recognized.

+ References + Details

- Definition

Amount of income (loss) for proportionate share of equity method investee's income (loss).

+ References + Details

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 6
-Subparagraph (SX 210.12-14(Column C)(Footnote 4))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-6

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 6
-Subparagraph (SX 210.12-14(Column C)(Footnote 6)(e))
-Publisher FASB
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+ Details

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Fair Values of Derivative Instruments (Details)	3 Months Ended
	Dec. 27, 2025 T gal	Sep. 30, 2025 T gal	Dec. 28, 2024 T gal
Urea
Derivative [Line Items]
Outstanding commodity contracts, mass \| T	24,000	49,500	24,000
Diesel
Derivative [Line Items]
Outstanding commodity contracts, volume	3,024,000	2,478,000	3,066,000
Heating Oil
Derivative [Line Items]
Outstanding commodity contracts, volume	1,890,000	1,050,000	1,302,000

EQUITY (Tables)

3 Months Ended

Dec. 27, 2025

Equity [Abstract]

Summary of Changes in Equity

The following tables provide a summary of the changes in equity (deficit) for each of the periods indicated:


	Common Shares and Capital in Excess of Stated Value		Retained Earnings		Treasury Shares		Accumulated Other Comprehensive Loss		Total Equity (Deficit)
Balance at September 30, 2025	$	351.6	$	294.7	$	(894.1)	$	(109.7)	$	(357.5)

Net income (loss)	—		(125.0)		—		—		(125.0)
Other comprehensive income (loss)	—		—		—		3.5		3.5
Share-based compensation	24.3		—		—		—		24.3
Dividends declared ($0.66 per share)	—		(38.5)		—		—		(38.5)
Treasury share purchases	—		—		(8.3)		—		(8.3)
Treasury share issuances	(29.0)		—		29.9		—		0.9



Balance at December 27, 2025	$	346.9	$	131.2	$	(872.5)	$	(106.2)	$	(500.6)

The sum of the components may not equal due to rounding.


	Common Shares and Capital in Excess of Stated Value		Retained Earnings		Treasury Shares		Accumulated Other Comprehensive Loss		Total Equity (Deficit)
Balance at September 30, 2024	$	362.0	$	303.8	$	(949.1)	$	(107.3)	$	(390.6)

Net income (loss)	—		(69.5)		—		—		(69.5)
Other comprehensive income (loss)	—		—		—		2.5		2.5
Share-based compensation	31.4		—		—		—		31.4
Dividends declared ($0.66 per share)	—		(38.5)		—		—		(38.5)
Treasury share purchases	—		—		(15.6)		—		(15.6)
Treasury share issuances	(44.3)		—		45.1		—		0.8



Balance at December 28, 2024	$	349.1	$	195.8	$	(919.6)	$	(104.8)	$	(479.5)

The sum of the components may not equal due to rounding.

Schedule of Accumulated Other Comprehensive Loss

Changes in accumulated other comprehensive loss (“AOCL”) by component were as follows for each of the periods indicated:


	Three Months Ended
	Foreign Currency Translation Adjustments		Net Unrealized Gain (Loss) On Derivative Instruments		Net Unrealized Loss On Securities		Pension and Other Post-Retirement Benefit Adjustments		Accumulated Other Comprehensive Income (Loss)
Balance at September 30, 2025	$	(12.2)	$	0.3	$	(17.9)	$	(79.9)	$	(109.7)
Other comprehensive income (loss) before reclassifications	2.3		1.2		—		—		3.5
Amounts reclassified from accumulated other comprehensive net income (loss)	—		(2.7)		—		4.4		1.7
Income tax benefit (expense)	—		0.4		—		(2.1)		(1.7)
Net current period other comprehensive income (loss)	2.3		(1.1)		—		2.3		3.5
Balance at December 27, 2025	$	(9.9)	$	(0.8)	$	(17.9)	$	(77.7)	$	(106.2)

Balance at September 30, 2024	$	(21.3)	$	4.9	$	(14.4)	$	(76.5)	$	(107.3)
Other comprehensive income (loss) before reclassifications	(5.8)		7.7		—		—		1.9
Amounts reclassified from accumulated other comprehensive net income (loss)	—		(2.3)		—		5.8		3.5
Income tax benefit (expense)	—		(1.4)		—		(1.5)		(2.9)
Net current period other comprehensive income (loss)	(5.8)		4.0		—		4.3		2.5
Balance at December 28, 2024	$	(27.1)	$	8.9	$	(14.4)	$	(72.2)	$	(104.8)

The sum of the components may not equal due to rounding.

Schedule of Share-Based Compensation

Total compensation cost and the related income tax benefit associated with share-based awards included within net income (loss) from continuing operations was as follows for each of the periods indicated:


	Three Months Ended
	December 27, 2025		December 28, 2024

Share-based compensation	$	7.4	$	16.4
Related tax benefit recognized	1.4		2.4

Schedule of Restricted Stock-based Award Activity

Restricted share-based awards

Restricted share-based award activity (including restricted stock units and deferred stock units) was as follows:


	No. of Units	Wtd. Avg. Grant Date Fair Value per Unit
Awards outstanding at September 30, 2025	478,924	$	61.28
Granted	377,142	58.30
Vested	(372,795)	58.31
Forfeited	(1,443)	60.49
Awards outstanding at December 27, 2025	481,828	61.25

SEGMENT INFORMATION (Tables)

3 Months Ended

Dec. 27, 2025

Segment Reporting [Abstract]

Summary of Segment Financial Information

The following table presents net sales by segment and a reconciliation to the Company’s consolidated net sales for the periods indicated:


	Three Months Ended
	December 27, 2025		December 28, 2024


U.S. Consumer reportable segment	$	328.5	$	340.9

Other non-reportable operating segment	25.9		25.7
Consolidated	$	354.4	$	366.6

The following tables present Segment Profit (Loss), including the significant segment expenses provided to the CODM, and a reconciliation to loss from continuing operations before income taxes for the periods indicated:


	Three Months Ended December 27, 2025
	U.S. Consumer				Total
Net sales	$	328.5
Adjusted cost of sales (a)	241.4
Adjusted selling, general and administrative (b)	74.7
Other segment items (c)	3.4
Segment Profit	$	9.0			$	9.0
Other non-reportable operating segment loss			(1.7)
Corporate (d)			(25.3)
Intangible asset amortization			(0.7)
Total impairment, restructuring and other (e)			(3.1)
Equity in loss of unconsolidated affiliates			(13.1)
Interest expense			(27.2)
Other non-operating expense, net			(1.2)
Loss from continuing operations before income taxes			$	(63.3)


	Three Months Ended December 28, 2024
	U.S. Consumer				Total
Net sales	$	340.9
Adjusted cost of sales (a)	253.2
Adjusted selling, general and administrative (b)	73.2
Other segment items (c)	4.7
Segment Profit	$	9.8			$	9.8
Other non-reportable operating segment loss			(3.1)
Corporate (d)			(33.9)
Intangible asset amortization			(0.6)
Total impairment, restructuring and other (e)			(18.0)
Equity in loss of unconsolidated affiliates			(9.9)
Interest expense			(33.9)
Other non-operating expense, net			(1.3)
Loss from continuing operations before income taxes			$	(90.9)

(a)“Adjusted cost of sales” is defined as cost of sales excluding intangible asset amortization, and does not include activity classified as impairment, restructuring and other.

(b)“Adjusted selling, general and administrative” is defined as selling, general and administrative expenses excluding intangible asset amortization, and does not include activity classified as impairment, restructuring and other.

(c)Other segment items is comprised of activities such as the discount on sales of accounts receivable under the Master Receivables Purchase Agreement, royalty income from the licensing of certain of the Company’s brand names and foreign exchange transaction gains and losses.

(d)The Company incurs costs attributable to corporate functions such as corporate finance, human resources, legal, communications, corporate affairs, corporate travel and corporate executive costs which are considered corporate costs of the Company and not allocated to the segments.

(e)Total impairment, restructuring and other is comprised of the activity classified within the “Cost of sales—impairment, restructuring and other” and “Impairment, restructuring and other” lines in the Condensed Consolidated Statements of Operations. Refer to “NOTE 4. IMPAIRMENT, RESTRUCTURING AND OTHER” for further details.

The following tables present certain other segment disclosures for the periods indicated:


	Three Months Ended
	December 27, 2025		December 28, 2024
Depreciation and amortization:
U.S. Consumer	$	14.0	$	13.6

Share-based compensation:
U.S. Consumer (a)	$	4.4	$	6.6

(a)Includes certain advertising expenses paid for in Common Shares for the three months ended December 28, 2024.

Net Sales by Product Category

The following table presents net sales by product category for the periods indicated:


	Three Months Ended
	December 27, 2025		December 28, 2024

U.S. Consumer:
Growing media and mulch	$	111.5	$	93.4
Lawn care	109.5		124.3
Controls	59.8		64.6
Roundup® marketing agreement	23.8		27.7
Other, primarily gardening	23.9		30.9
Other:
Growing media	12.6		12.6
Lawn care	3.1		2.3
Other, primarily gardening and controls	10.2		10.8
Total net sales	$	354.4	$	366.6

Cover Page - shares	3 Months Ended		12 Months Ended
Cover Page - shares	Dec. 27, 2025	Dec. 28, 2024	Sep. 30, 2025	Jan. 30, 2026
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Dec. 27, 2025
Document Transition Report	false
Entity File Number	001-11593
Entity Registrant Name	Scotts Miracle-Gro Co
Entity Central Index Key	0000825542
Current Fiscal Year End Date	--09-30
Document Fiscal Year Focus	2026
Document Fiscal Period Focus	Q1
Entity Incorporation, State or Country Code	OH
Entity Tax Identification Number	31-1414921
Entity Address, Address Line One	14111 Scottslawn Road,
Entity Address, City or Town	Marysville,
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	43041
City Area Code	937
Local Phone Number	644-0011
Title of 12(b) Security	Common Shares, $0.01 stated value
Trading Symbol	SMG
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding				58,039,753
Amendment Flag	false
Common Stock Shares Issued Not Disclosed	true	true	true
Common Stock Shares Issued Not Disclosed	true	true	true

LEASES - Supplemental Balance Sheet Information Schedule (Details) - USD ($) $ in Millions	Dec. 27, 2025	Sep. 30, 2025	Dec. 28, 2024
Leases [Abstract]
Operating lease right-of-use-assets	$ 279.0	$ 243.9	$ 251.2
Operating lease current lease liabilities	66.0	67.5	70.5
Operating lease non-current lease liabilities	247.2	192.6	205.3
Total operating lease liabilities	313.2	260.1	275.8
Finance lease right-of-use assets	11.2	11.7	13.6
Finance lease current lease liabilities	2.0	2.0	2.3
Finance lease non-current lease liabilities	12.0	12.5	14.0
Total finance lease liabilities	$ 14.0	$ 14.5	$ 16.3

EQUITY - Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 27, 2025	Dec. 28, 2024
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Other comprehensive income (loss) before reclassifications	$ 3.5	$ 1.9
Amounts reclassified from accumulated other comprehensive net income (loss)	1.7	3.5
Income tax benefit (expense)	(1.7)	(2.9)
Total other comprehensive income	3.5	2.5
Accumulated Other Comprehensive Income (Loss)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Equity beginning balance	(109.7)	(107.3)
Equity ending balance	(106.2)	(104.8)
Foreign Currency Translation Adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Equity beginning balance	(12.2)	(21.3)
Other comprehensive income (loss) before reclassifications	2.3	(5.8)
Amounts reclassified from accumulated other comprehensive net income (loss)	0.0	0.0
Income tax benefit (expense)	0.0	0.0
Total other comprehensive income	2.3	(5.8)
Equity ending balance	(9.9)	(27.1)
Net Unrealized Gain (Loss) On Derivative Instruments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Equity beginning balance	0.3	4.9
Other comprehensive income (loss) before reclassifications	1.2	7.7
Amounts reclassified from accumulated other comprehensive net income (loss)	(2.7)	(2.3)
Income tax benefit (expense)	0.4	(1.4)
Total other comprehensive income	(1.1)	4.0
Equity ending balance	(0.8)	8.9
Net Unrealized Loss On Securities
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Equity beginning balance	(17.9)	(14.4)
Other comprehensive income (loss) before reclassifications	0.0	0.0
Amounts reclassified from accumulated other comprehensive net income (loss)	0.0	0.0
Income tax benefit (expense)	0.0	0.0
Total other comprehensive income	0.0	0.0
Equity ending balance	(17.9)	(14.4)
Pension and Other Post-Retirement Benefit Adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Equity beginning balance	(79.9)	(76.5)
Other comprehensive income (loss) before reclassifications	0.0	0.0
Amounts reclassified from accumulated other comprehensive net income (loss)	4.4	5.8
Income tax benefit (expense)	(2.1)	(1.5)
Total other comprehensive income	2.3	4.3
Equity ending balance	$ (77.7)	$ (72.2)

FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Dec. 27, 2025

Fair Value Disclosures [Abstract]

Fair Value Measurements, Recurring Basis

The following table summarizes the fair value of the Company’s assets and liabilities for which disclosure of fair value is required:


	Fair Value Hierarchy Level	December 27, 2025				December 28, 2024				September 30, 2025
		Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
Assets
Cash equivalents	Level 1	$	—	$	—	$	0.9	$	0.9	$	25.3	$	25.3




Other
Investment securities in non-qualified retirement plan assets	Level 1	33.8		33.8		32.7		32.7		32.6		32.6


Convertible debt investments	Level 3	26.6		26.6		28.1		28.1		24.6		24.6

Liabilities




Debt instruments
Credit facilities – revolving loans	Level 2	427.0		427.0		475.6		475.6		—		—
Credit facilities – term loans	Level 2	500.0		500.0		612.5		612.5		500.0		500.0
Senior Notes due 2031 – 4.000%	Level 2	500.0		466.9		500.0		435.0		500.0		459.4
Senior Notes due 2032 – 4.375%	Level 2	400.0		373.5		400.0		348.0		400.0		367.0
Senior Notes due 2029 – 4.500%	Level 2	450.0		438.8		450.0		414.0		450.0		437.1
Senior Notes due 2026 – 5.250%	Level 2	250.0		249.7		250.0		245.0		250.0		249.4



Other debt	Level 2	1.3		1.3		2.3		2.3		5.2		5.2

Changes in the balance of Level 3 convertible debt investments carried at fair value are presented below. There were no transfers into or out of Level 3.


	Three Months Ended
	December 27, 2025		December 28, 2024
Fair value at beginning of period	$	24.6	$	45.8
Purchases	2.0		—
Total realized / unrealized gains (losses) included in net earnings	—		(7.0)

Exchange	—		(10.7)
Fair value at end of period	$	26.6	$	28.1

DEBT

3 Months Ended

Dec. 27, 2025

Debt Disclosure [Abstract]

DEBT

The components of debt are as follows:


	December 27, 2025		December 28, 2024		September 30, 2025

Credit Facilities:
Revolving loans	$	427.0	$	475.6	$	—
Term loans	500.0		612.5		500.0
Senior Notes due 2031 – 4.000%	500.0		500.0		500.0
Senior Notes due 2032 – 4.375%	400.0		400.0		400.0
Senior Notes due 2029 – 4.500%	450.0		450.0		450.0
Senior Notes due 2026 – 5.250%	250.0		250.0		250.0


Finance lease obligations	14.0		16.3		14.5
Other	1.3		2.3		5.2
Total debt	2,542.3		2,706.7		2,119.7
Less current portions	278.3		54.6		57.2
Less unamortized debt issuance costs	13.8		15.2		13.3
Long-term debt	$	2,250.2	$	2,636.9	$	2,049.2

Credit Facilities

On November 21, 2025, the Company entered into a Seventh Amended and Restated Credit Agreement (the “Seventh A&R Credit Agreement”), providing the Company and certain of its subsidiaries with five-year senior secured loan facilities in the aggregate principal amount of $2,000.0, comprised of a revolving credit facility of $1,500.0 and a term loan in the original principal amount of $500.0. The Seventh A&R Credit Agreement also provides the Company with the right to seek additional committed credit under the agreement in an aggregate amount of up to $500.0 plus an unlimited additional amount, subject to certain specified financial and other conditions. The Seventh A&R Credit Agreement will be available for issuance of letters of credit up to $100.0 and will terminate on November 21, 2030. The terms of the Seventh A&R Credit Agreement include customary representations and warranties, affirmative and negative covenants, financial covenants and events of default.

Borrowings under the Seventh A&R Credit Agreement bear interest at variable rates derived from the prevailing U.S. Prime Rate, Federal Reserve Bank of New York Rate, Secured Overnight Financing Rate, Euro Interbank Offered Rate, Canadian Prime Rate or Canadian Overnight Repo Rate Average (all as defined in the Seventh A&R Credit Agreement), based on the Company’s election, plus a spread that depends on the Company’s quarterly-tested leverage ratio.

At December 27, 2025, the Company had letters of credit outstanding in the aggregate principal amount of $93.2, and had $979.8 of borrowing availability under the Seventh A&R Credit Agreement. The weighted average interest rates on average borrowings under the credit facilities, excluding the impact of interest rate swaps, were 7.0% and 8.5% for the three months ended December 27, 2025 and December 28, 2024, respectively.

The Seventh A&R Credit Agreement contains, among other obligations, an affirmative covenant regarding the Company’s leverage ratio determined as of the end of each of its fiscal quarters, calculated as average total indebtedness divided by the Company’s earnings before interest, taxes, depreciation and amortization, as adjusted pursuant to the terms of the Seventh A&R Credit Agreement (“Adjusted EBITDA”). The maximum permitted leverage ratio is 5.00. The Company’s leverage ratio was 4.03 at December 27, 2025. The Seventh A&R Credit Agreement also contains an affirmative covenant regarding the Company’s interest coverage ratio determined as of the end of each of its fiscal quarters, calculated as Adjusted EBITDA divided by interest expense, as described in the Seventh A&R Credit Agreement. The minimum required interest coverage ratio is (i) 3.00 for each of the fiscal quarters within fiscal 2026, (ii) 3.25 for each of the fiscal quarters within fiscal 2027 and (iii) 3.50 for fiscal quarters thereafter. The Company’s interest coverage ratio was 5.05 at December 27, 2025.

The Seventh A&R Credit Agreement allows the Company to make unlimited restricted payments (as defined in the Seventh A&R Credit Agreement), including dividend payments on, and repurchases of, Common Shares, as long as the leverage ratio resulting from the making of such restricted payments is 4.00 or less. Otherwise, the Company is limited to restricted payments in an aggregate amount for each fiscal year not to exceed $225.0.

Senior Notes

On December 15, 2016, Scotts Miracle-Gro issued $250.0 aggregate principal amount of 5.250% Senior Notes with a maturity date of December 15, 2026 (the “5.250% Senior Notes”). The 5.250% Senior Notes represent general unsecured senior obligations and rank equal in right of payment with the Company’s existing and future unsecured senior debt. The 5.250% Senior Notes have interest payment dates of June 15 and December 15 of each year. At December 27, 2025, the $250.0 aggregate principal amount of the 5.250% Senior Notes was reclassified to the “Current portion of debt” line in the Condensed Consolidated Balance Sheets as it is payable within one year.

On October 22, 2019, Scotts Miracle-Gro issued $450.0 aggregate principal amount of 4.500% Senior Notes due 2029 (the “4.500% Senior Notes”). The 4.500% Senior Notes represent general unsecured senior obligations and rank equal in right of payment with the Company’s existing and future unsecured senior debt. The 4.500% Senior Notes have interest payment dates of April 15 and October 15 of each year.

On March 17, 2021, Scotts Miracle-Gro issued $500.0 aggregate principal amount of 4.000% Senior Notes due 2031 (the “4.000% Senior Notes”). The 4.000% Senior Notes represent general unsecured senior obligations and rank equal in right of payment with the Company’s existing and future unsecured senior debt. The 4.000% Senior Notes have interest payment dates of April 1 and October 1 of each year.

On August 13, 2021, Scotts Miracle-Gro issued $400.0 aggregate principal amount of 4.375% Senior Notes due 2032 (the “4.375% Senior Notes”). The 4.375% Senior Notes represent general unsecured senior obligations and rank equal in right of payment with the Company’s existing and future unsecured senior debt. The 4.375% Senior Notes have interest payment dates of February 1 and August 1 of each year.

Substantially all of Scotts Miracle-Gro’s directly and indirectly owned domestic subsidiaries serve as guarantors of the 5.250% Senior Notes, the 4.500% Senior Notes, the 4.000% Senior Notes and the 4.375% Senior Notes (collectively, the “Senior Notes”).

Interest Rate Swap Agreements

The Company enters into interest rate swap agreements with major financial institutions that effectively convert a portion of the Company’s variable-rate debt to a fixed rate. Interest payments made between the effective date and expiration date are hedged by the swap agreements. Swap agreements that were hedging interest payments as of December 27, 2025, December 28, 2024 and September 30, 2025 had a maximum total U.S. dollar equivalent notional amount of $450.0. The notional amount, effective date, expiration date and rate of each of the swap agreements outstanding at December 27, 2025 are shown in the table below:


Notional Amount ($)		Effective Date (a)	Expiration Date	Fixed Rate
150		6/7/2023	4/7/2027	3.37	%
50		6/7/2023	4/7/2027	3.34	%
100	(b)	11/20/2023	3/22/2027	4.74	%
150	(b)	9/20/2024	9/20/2029	4.25	%
100		4/8/2027	4/8/2030	3.40	%

(a)The effective date refers to the date on which interest payments are first hedged by the applicable swap agreement.

(b)Notional amount adjusts in accordance with a specified seasonal schedule. This represents the maximum notional amount at any point in time.

Weighted Average Interest Rate

The weighted average interest rates on the Company’s debt, including the impact of interest rate swaps, were 4.8% and 5.5% for the three months ended December 27, 2025 and December 28, 2024, respectively.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
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-Paragraph 1
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
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-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
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-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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Reference 16: http://www.xbrl.org/2003/role/disclosureRef
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Reference 17: http://www.xbrl.org/2003/role/disclosureRef
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Reference 19: http://www.xbrl.org/2003/role/disclosureRef
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Reference 20: http://www.xbrl.org/2003/role/disclosureRef
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Reference 21: http://www.xbrl.org/2003/role/disclosureRef
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Reference 22: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

FAIR VALUE MEASUREMENTS

3 Months Ended

Dec. 27, 2025

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENTS

The following table summarizes the fair value of the Company’s assets and liabilities for which disclosure of fair value is required:


	Fair Value Hierarchy Level	December 27, 2025				December 28, 2024				September 30, 2025
		Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
Assets
Cash equivalents	Level 1	$	—	$	—	$	0.9	$	0.9	$	25.3	$	25.3




Other
Investment securities in non-qualified retirement plan assets	Level 1	33.8		33.8		32.7		32.7		32.6		32.6


Convertible debt investments	Level 3	26.6		26.6		28.1		28.1		24.6		24.6

Liabilities




Debt instruments
Credit facilities – revolving loans	Level 2	427.0		427.0		475.6		475.6		—		—
Credit facilities – term loans	Level 2	500.0		500.0		612.5		612.5		500.0		500.0
Senior Notes due 2031 – 4.000%	Level 2	500.0		466.9		500.0		435.0		500.0		459.4
Senior Notes due 2032 – 4.375%	Level 2	400.0		373.5		400.0		348.0		400.0		367.0
Senior Notes due 2029 – 4.500%	Level 2	450.0		438.8		450.0		414.0		450.0		437.1
Senior Notes due 2026 – 5.250%	Level 2	250.0		249.7		250.0		245.0		250.0		249.4



Other debt	Level 2	1.3		1.3		2.3		2.3		5.2		5.2

Changes in the balance of Level 3 convertible debt investments carried at fair value are presented below. There were no transfers into or out of Level 3.


	Three Months Ended
	December 27, 2025		December 28, 2024
Fair value at beginning of period	$	24.6	$	45.8
Purchases	2.0		—
Total realized / unrealized gains (losses) included in net earnings	—		(7.0)

Exchange	—		(10.7)
Fair value at end of period	$	26.6	$	28.1

On December 18, 2024, THC exchanged its convertible debt investment in RIV Capital for an investment in FLUENT. Refer to “NOTE 3. INVESTMENT IN UNCONSOLIDATED AFFILIATES” for further details.

The amortized cost basis of convertible debt investments was $46.4, $44.4 and $44.4 at December 27, 2025, December 28, 2024 and September 30, 2025, respectively. At December 27, 2025, December 28, 2024 and September 30, 2025, gross unrealized losses on convertible debt investments were $19.8, $16.4 and $19.8, respectively, and there were no gross unrealized gains. These investments have been in a continuous unrealized loss position for greater than 12 months as of December 27, 2025. The allowance for expected credit losses was $1.9 at December 27, 2025, December 28, 2024 and September 30, 2025. At December 27, 2025, the weighted-average period until scheduled maturity of the Company’s convertible debt investments was 3.6 years.

EQUITY - Share-Based Awards Narrative (Details) - USD ($) shares in Thousands, $ in Millions	Jan. 30, 2026	Jan. 26, 2026	Dec. 19, 2025
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share repurchase program, authorized amount (in shares)			$ 500.0
Subsequent Event
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available to participants (in shares)		2,750
Subsequent Event \| Performance Based Awards, Stock Options, And Deferred Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued (in shares)	700
Shares issued (in dollars)	$ 25.5

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Section 50
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-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

LEASES - Supplemental Cash Flow Information and Non-Cash Activity Schedule (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 27, 2025	Dec. 28, 2024
Lease, Cost [Abstract]
Operating cash flows from operating leases, net	$ 21.2	$ 19.8
Operating cash flows from finance leases	0.2	0.2
Financing cash flows from finance leases	0.5	0.6
Right-of-use assets obtained in exchange for lease obligations, operating leases	68.3	14.6
Right-of-use assets obtained in exchange for lease obligations, finance leases	$ 0.0	$ 0.4

IMPAIRMENT, RESTRUCTURING AND OTHER - Impairment, Restructuring and Other Charges (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 27, 2025	Dec. 28, 2024
Restructuring Cost and Reserve [Line Items]
Restructuring and other charges, net	$ 1.8	$ 16.5
Loss on exchange of convertible debt investment		(7.0)
Total impairment, restructuring and other charges, net	3.1	17.9
Cost of sales—impairment, restructuring and other
Restructuring Cost and Reserve [Line Items]
Restructuring and other charges, net	1.3	1.4
Operating expenses
Restructuring Cost and Reserve [Line Items]
Restructuring and other charges, net	1.8	9.5
Loss on exchange of convertible debt investment	$ 0.0	$ 7.0

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

DEBT (Tables)

3 Months Ended

Dec. 27, 2025

Debt Disclosure [Abstract]

Components of Long-Term Debt

The components of debt are as follows:


	December 27, 2025		December 28, 2024		September 30, 2025

Credit Facilities:
Revolving loans	$	427.0	$	475.6	$	—
Term loans	500.0		612.5		500.0
Senior Notes due 2031 – 4.000%	500.0		500.0		500.0
Senior Notes due 2032 – 4.375%	400.0		400.0		400.0
Senior Notes due 2029 – 4.500%	450.0		450.0		450.0
Senior Notes due 2026 – 5.250%	250.0		250.0		250.0


Finance lease obligations	14.0		16.3		14.5
Other	1.3		2.3		5.2
Total debt	2,542.3		2,706.7		2,119.7
Less current portions	278.3		54.6		57.2
Less unamortized debt issuance costs	13.8		15.2		13.3
Long-term debt	$	2,250.2	$	2,636.9	$	2,049.2

Schedule of Interest Rate Swap Agreements

The notional amount, effective date, expiration date and rate of each of the swap agreements outstanding at December 27, 2025 are shown in the table below:


Notional Amount ($)		Effective Date (a)	Expiration Date	Fixed Rate
150		6/7/2023	4/7/2027	3.37	%
50		6/7/2023	4/7/2027	3.34	%
100	(b)	11/20/2023	3/22/2027	4.74	%
150	(b)	9/20/2024	9/20/2029	4.25	%
100		4/8/2027	4/8/2030	3.40	%

(a)The effective date refers to the date on which interest payments are first hedged by the applicable swap agreement.

(b)Notional amount adjusts in accordance with a specified seasonal schedule. This represents the maximum notional amount at any point in time.

Discontinued Operations and Disposal Groups (Tables)

3 Months Ended

Dec. 27, 2025

Discontinued Operations and Disposal Groups [Abstract]

Summary of Financial Results of the Hawthorne Business

The following represents the major components of the financial results of the Hawthorne business for each of the periods presented:


	Three Months Ended
		December 27, 2025		December 28, 2024

Net sales		$	23.0	$	52.1
Cost of sales		(18.8)		(42.1)
Cost of sales — impairment, restructuring and other		0.1		(3.7)
Selling, general and administrative		(6.2)		(11.3)
Impairment, restructuring and other		(0.6)		—
Other expenses, net		(0.1)		(0.1)
Loss from discontinued operations before income taxes		(2.6)		(5.1)
Loss on measurement of held for sale assets		(104.8)		—
Income tax benefit from discontinued operations		30.2		1.7
Loss from discontinued operations, net of tax		$	(77.2)	$	(3.4)

The following represents the major classes of assets and liabilities that have been classified as held for sale on the Condensed Consolidated Balance Sheets for each of the periods presented:


	December 27, 2025		December 28, 2024		September 30, 2025

Cash and cash equivalents	$	3.0	$	4.2	$	3.8
Accounts receivable, net	24.0		40.5		26.1
Inventories	48.4		64.9		50.1
Prepaid and other current assets	4.5		21.7		4.8
Property, plant and equipment, net	21.3		32.6		24.0
Intangible assets, net	47.8		61.2		49.8
Other assets	16.8		14.6		18.1
Valuation adjustment (allowance) on disposal group	(104.8)		—		—
Total assets held for sale	$	61.0	$	239.7	$	176.7

Accounts payable	$	8.2	$	25.0	$	7.8
Other current liabilities	15.2		24.3		16.5

Other liabilities	8.3		5.1		9.6
Total liabilities held for sale	$	31.7	$	54.4	$	33.9

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
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Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
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+ Details

IMPAIRMENT, RESTRUCTURING AND OTHER

3 Months Ended

Dec. 27, 2025

Restructuring and Related Activities [Abstract]

IMPAIRMENT, RESTRUCTURING AND OTHER

Activity described herein is classified within the “Cost of sales—impairment, restructuring and other” and “Impairment, restructuring and other” lines in the Condensed Consolidated Statements of Operations. The following table details impairment, restructuring and other charges for each of the periods presented:


	Three Months Ended
		December 27, 2025		December 28, 2024

Cost of sales—impairment, restructuring and other:

Restructuring and other charges, net		$	1.3	$	1.4


Operating expenses—impairment, restructuring and other:

Restructuring and other charges, net		1.8		9.5

Loss on exchange of convertible debt investment		—		7.0



Total impairment, restructuring and other charges, net		$	3.1	$	17.9

The following table summarizes the activity related to liabilities associated with restructuring activities during the three months ended December 27, 2025:


Amounts accrued at September 30, 2025	$	18.8
Restructuring charges	1.1

Payments	(7.2)
Amounts accrued at December 27, 2025	$	12.7

As of December 27, 2025, restructuring accruals include $2.6 that is classified as long-term.

Impairment, restructuring and other charges for the three months ended December 27, 2025 were not material.

During the three months ended December 28, 2024, the Company incurred executive severance charges of $9.5 in the “Impairment, restructuring and other” line in the Condensed Consolidated Statements of Operations.

During the three months ended December 28, 2024, the Company incurred a non-cash loss of $7.0 in the “Impairment, restructuring and other” line in the Condensed Consolidated Statements of Operations related to the exchange of its convertible debt investment in RIV Capital for an investment in FLUENT. Refer to “NOTE 3. INVESTMENT IN UNCONSOLIDATED AFFILIATES” for further details.

During fiscal 2022, the Company began implementing a series of Company-wide organizational changes and initiatives intended to create operational and management-level efficiencies. As part of this restructuring initiative, the Company reduced the size of its supply chain network, reduced staffing levels and implemented other cost-reduction initiatives. During the three months ended December 28, 2024, the Company incurred costs of $1.4 in its U.S. Consumer segment in the “Cost of sales—impairment, restructuring and other” line in the Condensed Consolidated Statements of Operations associated with this restructuring initiative.

EARNINGS PER COMMON SHARE

3 Months Ended

Dec. 27, 2025

Earnings Per Share [Abstract]

EARNINGS PER COMMON SHARE

The following table presents information necessary to calculate basic and diluted net loss per common share for the periods indicated:


	Three Months Ended
	December 27, 2025		December 28, 2024

Net loss from continuing operations	$	(47.8)	$	(66.1)


Loss from discontinued operations, net of tax	(77.2)		(3.4)
Net loss	$	(125.0)	$	(69.5)
Basic net loss per common share:
Continuing operations	$	(0.83)	$	(1.15)
Discontinued operations	(1.33)		(0.06)
Basic net loss per common share	$	(2.16)	$	(1.21)

Weighted-average common shares outstanding during the period	57.9		57.3
Diluted net loss per common share:
Continuing operations	$	(0.83)	$	(1.15)
Discontinued operations	(1.33)		(0.06)
Diluted net loss per common share	$	(2.16)	$	(1.21)

Weighted-average common shares outstanding during the period	57.9		57.3
Dilutive potential common shares	—		—
Weighted-average common shares outstanding during the period plus dilutive potential common shares	57.9		57.3

Antidilutive stock options outstanding	1.5		0.2

Diluted average common shares used in the diluted net loss per common share calculation for the three months ended December 27, 2025 and December 28, 2024 were 57.9 million and 57.3 million, respectively, which excluded potential common shares of 0.9 million and 1.5 million, respectively, because the effect of their inclusion would be anti-dilutive as the Company incurred a net loss for the three months ended December 27, 2025 and December 28, 2024.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Supplemental Cash Flow Information (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 27, 2025	Dec. 28, 2024
Accounting Policies [Abstract]
Interest paid	$ 36.4	$ 40.3
Income taxes paid (refunded), net	$ 0.0	$ (0.1)

LEASES - Weighted-Average Remaining Lease Term and Discount Rate Schedule (Details)	Dec. 27, 2025	Dec. 28, 2024
Leases [Abstract]
Operating leases, weighted average remaining term (in years)	7 years 6 months	5 years 4 months 24 days
Finance leases, weighted average remaining term (in years)	7 years 8 months 12 days	8 years 2 months 12 days
Operating leases, weighted average discount rate (percent)	7.20%	6.10%
Finance leases, weighted average discount rate (percent)	4.60%	4.60%

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Additional Information (Details) - USD ($) $ in Millions	Dec. 27, 2025	Sep. 30, 2025	Dec. 28, 2024
Not Designated as Hedging Instrument \| Currency forward contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, notional amount	$ 134.1	$ 100.4	$ 154.5
Designated as Hedging Instruments \| Interest rate swap
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, notional amount	$ 450.0	$ 450.0	$ 450.0

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

CONTINGENCIES	3 Months Ended
CONTINGENCIES	Dec. 27, 2025
Commitments and Contingencies Disclosure [Abstract]
CONTINGENCIES	CONTINGENCIES Management regularly evaluates the Company’s contingencies, including various judicial and administrative proceedings and claims arising in the ordinary course of business, relating to, among other things, product and general liabilities, workers’ compensation, property losses and other liabilities for which the Company is self-insured or retains a high exposure limit. Self-insurance accruals are established based on actuarial loss estimates for specific individual claims plus actuarially estimated amounts for incurred but not reported claims and adverse development factors applied to existing claims. Legal costs incurred in connection with the resolution of claims, lawsuits and other contingencies generally are expensed as incurred. In the opinion of management, the assessment of contingencies is reasonable and related accruals are adequate, both individually and in the aggregate; however, there can be no assurance that final resolution of these matters will not have a material effect on the Company’s financial condition, results of operations or cash flows. Regulatory Matters At December 27, 2025, the Company had recorded liabilities of $2.8 for environmental actions, the majority of which are for site remediation. The Company believes that the amounts accrued are adequate to cover such known environmental exposures based on current facts and estimates of likely outcomes. Although it is reasonably possible that the costs to resolve such known environmental exposures will exceed the amounts accrued, any variation from accrued amounts is not expected to be material. Other The Company has been named as a defendant in a number of cases alleging injuries that the lawsuits claim resulted from exposure to asbestos-containing products, apparently based on the Company’s historic use of vermiculite in certain of its products. In many of these cases, the complaints are not specific about the plaintiffs’ contacts with the Company or its products. The cases vary, but complaints in these cases generally seek unspecified monetary damages (actual, compensatory, consequential and punitive) from multiple defendants. The Company believes that the claims against it are without merit and is vigorously defending against them. The Company has not recorded any accruals in its condensed consolidated financial statements as the likelihood of a loss from these cases is not probable at this time. The Company does not believe a reasonably possible loss would be material to the Company’s financial condition, results of operations or cash flows. In addition, the Company does not believe the ultimate resolution of these cases will have a material adverse effect on the Company’s financial condition, results of operations or cash flows. There can be no assurance that future developments related to pending claims or claims filed in the future, whether as a result of adverse outcomes or as a result of significant defense costs, will not have a material effect on the Company’s financial condition, results of operations or cash flows. Beginning in June 2024, purported shareholders filed lawsuits in the United States District Court for the Southern District of Ohio on behalf of proposed classes of purchasers of Common Shares. The lawsuits were consolidated by the court as In re The Scotts Miracle-Gro Company Securities Litigation (Case No. 2:24-cv-03132). The amended consolidated complaint was filed on May 9, 2025 on behalf of a proposed class of purchasers of Common Shares between May 5, 2021, and August 1, 2023, and asserts claims under Section 10(b), Rule 10b-5 and Section 20(a) of the Exchange Act against the Company and certain of its current and former officers based on alleged misstatements about the Company’s inventories, sales and business prospects. The action seeks, among other things, unspecified monetary damages, reasonable costs and expenses and equitable/injunctive or other relief as deemed appropriate by the Court. The Company believes that the claims asserted are without merit and intends to vigorously defend the action. Beginning in July 2024, purported shareholders filed a series of shareholder derivative lawsuits in state and federal courts in Ohio against certain of the Company’s current and former directors and officers. The lawsuits include allegations that generally mirror those asserted in the securities lawsuits described above and assert claims for breach of fiduciary duties, unjust enrichment, abuse of control, gross mismanagement and waste of corporate assets. The federal lawsuits also assert claims under the Exchange Act. The actions seek a judgment in favor of the Company for unspecified damages, disgorgement, interest and costs and expenses, including attorneys’ and experts’ fees. The Company is involved in other lawsuits and claims which arise in the normal course of business relating to advertising claims, securities matters, employment disputes and the enforcement and defense of intellectual property rights. These claims individually and in the aggregate are not expected to have a material effect on the Company’s financial condition, results of operations or cash flows.

- Definition

The entire disclosure for loss and gain contingencies. Describes any existing condition, situation, or set of circumstances involving uncertainty as of the balance sheet date (or prior to issuance of the financial statements) as to a probable or reasonably possible loss incurred by an entity that will ultimately be resolved when one or more future events occur or fail to occur, and typically discloses the amount of loss recorded or a range of possible loss, or an assertion that no reasonable estimate can be made.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
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-Name Accounting Standards Codification
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

IMPAIRMENT, RESTRUCTURING AND OTHER - Activity Related to Liabilities Associated with Restructuring (Details) $ in Millions	3 Months Ended
	Dec. 27, 2025 USD ($)
Restructuring Reserve [Roll Forward]
Amounts accrued for restructuring and other, beginning balance	$ 18.8
Restructuring charges	1.1
Payments	(7.2)
Amounts accrued for restructuring and other, ending balance	$ 12.7

Condensed Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Dec. 27, 2025	Dec. 28, 2024
Income Statement [Abstract]
Net sales	$ 354.4	$ 366.6
Cost of sales	264.4	276.7
Cost of sales—impairment, restructuring and other	1.3	1.4
Gross margin	88.7	88.5
Operating expenses:
Selling, general and administrative	106.0	113.5
Impairment, restructuring and other	1.8	16.5
Other expense, net	2.7	4.3
Loss from operations	(21.8)	(45.8)
Equity in loss of unconsolidated affiliates	(13.1)	(9.9)
Interest expense	27.2	33.9
Other non-operating expense, net	1.2	1.3
Loss from continuing operations before income taxes	(63.3)	(90.9)
Income tax benefit from continuing operations	(15.5)	(24.8)
Net loss from continuing operations	(47.8)	(66.1)
Loss from discontinued operations, net of tax	(77.2)	(3.4)
Net loss	$ (125.0)	$ (69.5)
Basic net loss per common share:
Income (loss) from continuing operations (USD per share)	$ (0.83)	$ (1.15)
Income (loss) from discontinued operations (USD per share)	(1.33)	(0.06)
Diluted net loss per common share:
Income (loss) from continuing operations (USD per share)	(0.83)	(1.15)
Income (loss) from discontinued operations (USD per share)	(1.33)	(0.06)
Diluted income (loss) per common share (USD per share)	(2.16)	(1.21)
Basic income (loss) per common share (USD per share)	$ (2.16)	$ (1.21)
Weighted-average common shares outstanding during the period (in shares)	57.9	57.3
Weighted-average common shares outstanding during the period plus dilutive potential common shares (in shares)	57.9	57.3

LEASES

3 Months Ended

Dec. 27, 2025

Leases [Abstract]

LEASES

The Company leases certain property and equipment from third parties under various non-cancelable lease agreements, including industrial, commercial and office properties and equipment that support the management, manufacturing, distribution and research and development of products marketed and sold by the Company. The lease agreements generally require that the Company pay taxes, insurance and maintenance expenses related to the leased assets. At December 27, 2025, the Company had entered into operating leases that were yet to commence with a combined total expected lease liability of $69.3. From time to time, the Company will sublease portions of its facilities, resulting in sublease income. Sublease income and the related cash flows were not material to the condensed consolidated financial statements for the three months ended December 27, 2025 and December 28, 2024.

Supplemental balance sheet information related to the Company’s leases was as follows:


	Balance Sheet Location	December 27, 2025		December 28, 2024		September 30, 2025

Operating leases:
Right-of-use assets	Other assets	$	279.0	$	251.2	$	243.9

Current lease liabilities	Other current liabilities	66.0		70.5		67.5
Non-current lease liabilities	Other liabilities	247.2		205.3		192.6
Total operating lease liabilities		$	313.2	$	275.8	$	260.1

Finance leases:
Right-of-use assets	Property, plant and equipment, net	$	11.2	$	13.6	$	11.7

Current lease liabilities	Current portion of debt	2.0		2.3		2.0
Non-current lease liabilities	Long-term debt	12.0		14.0		12.5
Total finance lease liabilities		$	14.0	$	16.3	$	14.5

Components of lease cost were as follows:


	Three Months Ended
	December 27, 2025		December 28, 2024

Operating lease cost (a)	$	21.5	$	20.0
Variable lease cost	4.6		4.6


Finance lease cost
Amortization of right-of-use assets	0.5		0.7
Interest on lease liabilities	0.2		0.2
Total finance lease cost	$	0.7	$	0.9

(a)Operating lease cost includes amortization of right-of-use assets of $16.4 and $16.0 for the three months ended December 27, 2025 and December 28, 2024, respectively. Short-term lease expense is excluded from operating lease cost and is not material.

Supplemental cash flow information and non-cash activity related to the Company’s leases were as follows:


	Three Months Ended
		December 27, 2025		December 28, 2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases, net		$	21.2	$	19.8
Operating cash flows from finance leases		0.2		0.2
Financing cash flows from finance leases		0.5		0.6

Right-of-use assets obtained in exchange for lease obligations:
Operating leases		$	68.3	$	14.6
Finance leases		—		0.4

Weighted-average remaining lease term and discount rate for the Company’s leases were as follows:


	December 27, 2025		December 28, 2024
Weighted-average remaining lease term (in years):
Operating leases	7.5		5.4
Finance leases	7.7		8.2

Weighted-average discount rate:
Operating leases	7.2	%	6.1	%
Finance leases	4.6	%	4.6	%

Maturities of lease liabilities by fiscal year for the Company’s leases as of December 27, 2025 were as follows:


Year	Operating Leases		Finance Leases
2026 (remainder of the year)	$	66.3	$	2.0
2027	69.5		2.4
2028	60.5		2.0
2029	46.6		1.7
2030	32.3		1.7
Thereafter	136.2		7.0
Total lease payments	411.4		16.8
Less: Imputed interest	(98.2)		(2.8)
Total lease liabilities	$	313.2	$	14.0

LEASES

Supplemental balance sheet information related to the Company’s leases was as follows:


	Balance Sheet Location	December 27, 2025		December 28, 2024		September 30, 2025

Operating leases:
Right-of-use assets	Other assets	$	279.0	$	251.2	$	243.9

Current lease liabilities	Other current liabilities	66.0		70.5		67.5
Non-current lease liabilities	Other liabilities	247.2		205.3		192.6
Total operating lease liabilities		$	313.2	$	275.8	$	260.1

Finance leases:
Right-of-use assets	Property, plant and equipment, net	$	11.2	$	13.6	$	11.7

Current lease liabilities	Current portion of debt	2.0		2.3		2.0
Non-current lease liabilities	Long-term debt	12.0		14.0		12.5
Total finance lease liabilities		$	14.0	$	16.3	$	14.5

Components of lease cost were as follows:


	Three Months Ended
	December 27, 2025		December 28, 2024

Operating lease cost (a)	$	21.5	$	20.0
Variable lease cost	4.6		4.6


Finance lease cost
Amortization of right-of-use assets	0.5		0.7
Interest on lease liabilities	0.2		0.2
Total finance lease cost	$	0.7	$	0.9

Supplemental cash flow information and non-cash activity related to the Company’s leases were as follows:


	Three Months Ended
		December 27, 2025		December 28, 2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases, net		$	21.2	$	19.8
Operating cash flows from finance leases		0.2		0.2
Financing cash flows from finance leases		0.5		0.6

Right-of-use assets obtained in exchange for lease obligations:
Operating leases		$	68.3	$	14.6
Finance leases		—		0.4

Weighted-average remaining lease term and discount rate for the Company’s leases were as follows:


	December 27, 2025		December 28, 2024
Weighted-average remaining lease term (in years):
Operating leases	7.5		5.4
Finance leases	7.7		8.2

Weighted-average discount rate:
Operating leases	7.2	%	6.1	%
Finance leases	4.6	%	4.6	%

Maturities of lease liabilities by fiscal year for the Company’s leases as of December 27, 2025 were as follows:


Year	Operating Leases		Finance Leases
2026 (remainder of the year)	$	66.3	$	2.0
2027	69.5		2.4
2028	60.5		2.0
2029	46.6		1.7
2030	32.3		1.7
Thereafter	136.2		7.0
Total lease payments	411.4		16.8
Less: Imputed interest	(98.2)		(2.8)
Total lease liabilities	$	313.2	$	14.0

IMPAIRMENT, RESTRUCTURING AND OTHER (Tables)

3 Months Ended

Dec. 27, 2025

Restructuring and Related Activities [Abstract]

Schedules of Impairment, Restructuring and Other Charges, and Activity Related to Liabilities

The following table details impairment, restructuring and other charges for each of the periods presented:


	Three Months Ended
		December 27, 2025		December 28, 2024

Cost of sales—impairment, restructuring and other:

Restructuring and other charges, net		$	1.3	$	1.4


Operating expenses—impairment, restructuring and other:

Restructuring and other charges, net		1.8		9.5

Loss on exchange of convertible debt investment		—		7.0



Total impairment, restructuring and other charges, net		$	3.1	$	17.9

The following table summarizes the activity related to liabilities associated with restructuring activities during the three months ended December 27, 2025:


Amounts accrued at September 30, 2025	$	18.8
Restructuring charges	1.1

Payments	(7.2)
Amounts accrued at December 27, 2025	$	12.7

SEGMENT INFORMATION - Net Sales by Product Category (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 27, 2025	Dec. 28, 2024
Revenue from External Customer [Line Items]
Net sales	$ 354.4	$ 366.6
U.S. Consumer
Revenue from External Customer [Line Items]
Net sales	328.5	340.9
U.S. Consumer \| Growing media and mulch
Revenue from External Customer [Line Items]
Net sales	111.5	93.4
U.S. Consumer \| Lawn care
Revenue from External Customer [Line Items]
Net sales	109.5	124.3
U.S. Consumer \| Controls
Revenue from External Customer [Line Items]
Net sales	59.8	64.6
U.S. Consumer \| Roundup® marketing agreement
Revenue from External Customer [Line Items]
Net sales	23.8	27.7
U.S. Consumer \| Other, primarily gardening
Revenue from External Customer [Line Items]
Net sales	23.9	30.9
Other
Revenue from External Customer [Line Items]
Net sales	25.9	25.7
Other \| Lawn care
Revenue from External Customer [Line Items]
Net sales	3.1	2.3
Other \| Growing media
Revenue from External Customer [Line Items]
Net sales	12.6	12.6
Other \| Other, primarily gardening and controls
Revenue from External Customer [Line Items]
Net sales	$ 10.2	$ 10.8

DISCONTINUED OPERATIONS - Summary of Financial Results of the Hawthorne Business (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 27, 2025	Dec. 28, 2024
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss on measurement of held for sale assets	$ (104.8)	$ 0.0
Discontinued Operations, Held-for-Sale \| Hawthorne
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net sales	23.0	52.1
Cost of sales	(18.8)	(42.1)
Cost of sales — impairment, restructuring and other	0.1	(3.7)
Selling, general and administrative	(6.2)	(11.3)
Impairment, restructuring and other	(0.6)	0.0
Other expenses, net	(0.1)	(0.1)
Loss from discontinued operations before income taxes	(2.6)	(5.1)
Loss on measurement of held for sale assets	(104.8)	0.0
Income tax benefit from discontinued operations	30.2	1.7
Loss from discontinued operations, net of tax	$ (77.2)	$ (3.4)

SEGMENT INFORMATION - Segment Financial Information (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 27, 2025	Dec. 28, 2024
Segment Reporting Information [Line Items]
Net sales	$ 354.4	$ 366.6
Impairment, restructuring and other	(1.8)	(16.5)
Equity in loss of unconsolidated affiliates	(13.1)	(9.9)
Interest expense	(27.2)	(33.9)
Other non-operating expense, net	(1.2)	(1.3)
Continuing Operations
Segment Reporting Information [Line Items]
Segment profit (loss)	(63.3)	(90.9)
Intangible asset amortization	(0.7)	(0.6)
Impairment, restructuring and other	(3.1)	(18.0)
Equity in loss of unconsolidated affiliates	(13.1)	(9.9)
Interest expense	(27.2)	(33.9)
Other non-operating expense, net	(1.2)	(1.3)
Continuing Operations \| Corporate
Segment Reporting Information [Line Items]
Segment profit (loss)	(25.3)	(33.9)
U.S. Consumer
Segment Reporting Information [Line Items]
Net sales	328.5	340.9
U.S. Consumer \| Continuing Operations \| Operating Segments
Segment Reporting Information [Line Items]
Segment profit (loss)	9.0	9.8
Other
Segment Reporting Information [Line Items]
Net sales	25.9	25.7
Other \| Continuing Operations \| Operating Segments
Segment Reporting Information [Line Items]
Segment profit (loss)	(1.7)	(3.1)
U.S. Consumer reportable segment \| Operating Segments
Segment Reporting Information [Line Items]
Adjusted cost of sales	241.4	253.2
Adjusted selling, general, and administrative	74.7	73.2
Other segment items	3.4	4.7
Depreciation and amoritzation	14.0	13.6
Share-based compensation	$ 4.4	$ 6.6

CONTINGENCIES (Details) $ in Millions	Dec. 27, 2025 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Accrual for environmental actions	$ (2.8)

FAIR VALUE MEASUREMENTS - Rollforward (Details) - Debt Securities - USD ($) $ in Millions	3 Months Ended
	Dec. 27, 2025	Dec. 28, 2024
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Fair value at beginning of period	$ 24.6	$ 45.8
Purchases	2.0	0.0
Total realized / unrealized gains (losses) included in net earnings	0.0	(7.0)
Exchange	0.0	(10.7)
Fair value at end of period	$ 26.6	$ 28.1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details) $ in Millions	3 Months Ended		12 Months Ended
	Dec. 27, 2025 USD ($)	Dec. 28, 2024 USD ($)	Sep. 30, 2025 USD ($)	Mar. 14, 2025 USD ($)
Line of Credit Facility [Line Items]
Percentage of annual net sales	75.00%
Noncash investing activities for unpaid liabilities incurred	$ 7.8	$ 3.6
Other assets	523.7	558.2	$ 452.7
Accounts Receivable, Held-for-Sale	750.0
Net receivables derecognized	220.3	236.7	163.3
Proceeds from sale of receivables	254.6	274.0
Discount on sale of other receivables	2.9	3.3
Supplier finance obligation	$ 30.7	$ 26.7	$ 13.9
Supplier Finance Program, Obligation, Statement of Financial Position [Extensible Enumeration]	Accounts payable	Accounts payable	Accounts payable
Supplier finance obligation, settlement	$ 68.0	$ 72.7
Liabilities	3,534.6	3,649.7	$ 3,099.5
Discontinued Operations, Held-for-Sale
Line of Credit Facility [Line Items]
Cash and cash equivalents	3.0	$ 4.2	$ 3.8
Variable Interest Entity, Primary Beneficiary
Line of Credit Facility [Line Items]
Investments sold, book value				$ 39.0
Percentage of appreciation of fair value				0.05
Other assets	24.6
Liabilities	$ 39.0			$ 39.0
Minimum
Line of Credit Facility [Line Items]
Payment terms	30 days
Maximum
Line of Credit Facility [Line Items]
Payment terms	60 days
Standby Letters of Credit
Line of Credit Facility [Line Items]
Senior secured credit facilities, maximum borrowing capacity	$ 75.0

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Dec. 27, 2025
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

MARKETING AGREEMENT - Net Commission Earned Under Marketing Agreement (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 27, 2025	Dec. 28, 2024
Marketing Agreement [Line Items]
Contribution expenses	$ (264.4)	$ (276.7)
Restated Marketing Agreement
Marketing Agreement [Line Items]
Gross commission	8.9	10.2
Contribution expenses	(4.5)	(4.5)
Net commission	4.4	5.7
Reimbursements associated with Roundup® marketing agreement	19.4	22.0
Total net sales associated with Roundup® marketing agreement	$ 23.8	$ 27.7

- Definition

The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities.

+ References + Details

LEASES (Tables)

3 Months Ended

Dec. 27, 2025

Leases [Abstract]

Weighted-Average Remaining Lease Term and Discount Rate and Supplemental Balance Sheet Information Schedule

Supplemental balance sheet information related to the Company’s leases was as follows:


	Balance Sheet Location	December 27, 2025		December 28, 2024		September 30, 2025

Operating leases:
Right-of-use assets	Other assets	$	279.0	$	251.2	$	243.9

Current lease liabilities	Other current liabilities	66.0		70.5		67.5
Non-current lease liabilities	Other liabilities	247.2		205.3		192.6
Total operating lease liabilities		$	313.2	$	275.8	$	260.1

Finance leases:
Right-of-use assets	Property, plant and equipment, net	$	11.2	$	13.6	$	11.7

Current lease liabilities	Current portion of debt	2.0		2.3		2.0
Non-current lease liabilities	Long-term debt	12.0		14.0		12.5
Total finance lease liabilities		$	14.0	$	16.3	$	14.5

Weighted-average remaining lease term and discount rate for the Company’s leases were as follows:


	December 27, 2025		December 28, 2024
Weighted-average remaining lease term (in years):
Operating leases	7.5		5.4
Finance leases	7.7		8.2

Weighted-average discount rate:
Operating leases	7.2	%	6.1	%
Finance leases	4.6	%	4.6	%

Lease Cost Components and Supplemental Cash Flow Information and Non-Cash Activity For Company's Leases Schedules

Components of lease cost were as follows:


	Three Months Ended
	December 27, 2025		December 28, 2024

Operating lease cost (a)	$	21.5	$	20.0
Variable lease cost	4.6		4.6


Finance lease cost
Amortization of right-of-use assets	0.5		0.7
Interest on lease liabilities	0.2		0.2
Total finance lease cost	$	0.7	$	0.9

Supplemental cash flow information and non-cash activity related to the Company’s leases were as follows:


	Three Months Ended
		December 27, 2025		December 28, 2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases, net		$	21.2	$	19.8
Operating cash flows from finance leases		0.2		0.2
Financing cash flows from finance leases		0.5		0.6

Right-of-use assets obtained in exchange for lease obligations:
Operating leases		$	68.3	$	14.6
Finance leases		—		0.4

Maturities of Operating Lease Liabilities by Fiscal Year Schedule

Maturities of lease liabilities by fiscal year for the Company’s leases as of December 27, 2025 were as follows:


Year	Operating Leases		Finance Leases
2026 (remainder of the year)	$	66.3	$	2.0
2027	69.5		2.4
2028	60.5		2.0
2029	46.6		1.7
2030	32.3		1.7
Thereafter	136.2		7.0
Total lease payments	411.4		16.8
Less: Imputed interest	(98.2)		(2.8)
Total lease liabilities	$	313.2	$	14.0

Maturities of Finance Lease Liabilities by Fiscal Year Schedule

Maturities of lease liabilities by fiscal year for the Company’s leases as of December 27, 2025 were as follows:


Year	Operating Leases		Finance Leases
2026 (remainder of the year)	$	66.3	$	2.0
2027	69.5		2.4
2028	60.5		2.0
2029	46.6		1.7
2030	32.3		1.7
Thereafter	136.2		7.0
Total lease payments	411.4		16.8
Less: Imputed interest	(98.2)		(2.8)
Total lease liabilities	$	313.2	$	14.0

LEASES - Components of Lease Cost Schedule (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 27, 2025	Dec. 28, 2024
Leases [Abstract]
Operating lease cost	$ 21.5	$ 20.0
Variable lease cost	4.6	4.6
Amortization of right-of-use assets	0.5	0.7
Interest on lease liabilities	0.2	0.2
Total finance lease cost	0.7	0.9
Operating lease amortization of ROU assets	$ 16.4	$ 16.0

DISCONTINUED OPERATIONS - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 27, 2025	Dec. 28, 2024
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss on measurement of held for sale assets	$ (104.8)	$ 0.0
Discontinued Operations, Held-for-Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash provided by (used in) operating activities related to discontinued operations	$ 1.8	$ (19.4)

DEBT - Interest Rate Swap Agreements (Details) - USD ($) $ in Millions	Dec. 27, 2025	Sep. 30, 2025	Dec. 28, 2024
Interest Rate Swap, 3.37%
Derivative [Line Items]
Derivative, notional amount	$ 150.0
Fixed Rate	3.37%
Interest Rate Swap, 3.34%
Derivative [Line Items]
Derivative, notional amount	$ 50.0
Fixed Rate	3.34%
Interest Rate Swap, 4.74%
Derivative [Line Items]
Derivative, notional amount	$ 100.0
Fixed Rate	4.74%
Interest Rate Swap, 4.25%
Derivative [Line Items]
Derivative, notional amount	$ 150.0
Fixed Rate	4.25%
Interest Rate Swap, 3.40%
Derivative [Line Items]
Derivative, notional amount	$ 100.0
Fixed Rate	3.40%
Derivatives designated as hedging instruments \| Interest Rate Swap
Derivative [Line Items]
Derivative, notional amount	$ 450.0	$ 450.0	$ 450.0

EQUITY - Restricted Stock-based Awards Narrative (Details) - USD ($)	3 Months Ended
	Dec. 27, 2025	Dec. 28, 2024
Restricted Stock Units (RSUs)
Schedule of Equity Method Investments [Line Items]
Granted (USD per share)	$ 58.30	$ 75.36
Cost not yet recognized	$ 4,700,000
Cost not yet recognized, period (years)	1 year 4 months 24 days
Units vested, value	$ 21,700,000	$ 43,000,000.0
Total share-based awards (shares)	377,142
Accrued award liability	$ 3,400,000
Unrecognized pre-tax compensation cost	$ 15,900,000
Restricted Stock Units, One-Time Grant
Schedule of Equity Method Investments [Line Items]
Total share-based awards (shares)	300,000

EQUITY

3 Months Ended

Dec. 27, 2025

Equity [Abstract]

EQUITY

EQUITY (DEFICIT)

The following tables provide a summary of the changes in equity (deficit) for each of the periods indicated:


	Common Shares and Capital in Excess of Stated Value		Retained Earnings		Treasury Shares		Accumulated Other Comprehensive Loss		Total Equity (Deficit)
Balance at September 30, 2025	$	351.6	$	294.7	$	(894.1)	$	(109.7)	$	(357.5)

Net income (loss)	—		(125.0)		—		—		(125.0)
Other comprehensive income (loss)	—		—		—		3.5		3.5
Share-based compensation	24.3		—		—		—		24.3
Dividends declared ($0.66 per share)	—		(38.5)		—		—		(38.5)
Treasury share purchases	—		—		(8.3)		—		(8.3)
Treasury share issuances	(29.0)		—		29.9		—		0.9



Balance at December 27, 2025	$	346.9	$	131.2	$	(872.5)	$	(106.2)	$	(500.6)

The sum of the components may not equal due to rounding.


	Common Shares and Capital in Excess of Stated Value		Retained Earnings		Treasury Shares		Accumulated Other Comprehensive Loss		Total Equity (Deficit)
Balance at September 30, 2024	$	362.0	$	303.8	$	(949.1)	$	(107.3)	$	(390.6)

Net income (loss)	—		(69.5)		—		—		(69.5)
Other comprehensive income (loss)	—		—		—		2.5		2.5
Share-based compensation	31.4		—		—		—		31.4
Dividends declared ($0.66 per share)	—		(38.5)		—		—		(38.5)
Treasury share purchases	—		—		(15.6)		—		(15.6)
Treasury share issuances	(44.3)		—		45.1		—		0.8



Balance at December 28, 2024	$	349.1	$	195.8	$	(919.6)	$	(104.8)	$	(479.5)

The sum of the components may not equal due to rounding.

Accumulated Other Comprehensive Loss

Changes in accumulated other comprehensive loss (“AOCL”) by component were as follows for each of the periods indicated:


	Three Months Ended
	Foreign Currency Translation Adjustments		Net Unrealized Gain (Loss) On Derivative Instruments		Net Unrealized Loss On Securities		Pension and Other Post-Retirement Benefit Adjustments		Accumulated Other Comprehensive Income (Loss)
Balance at September 30, 2025	$	(12.2)	$	0.3	$	(17.9)	$	(79.9)	$	(109.7)
Other comprehensive income (loss) before reclassifications	2.3		1.2		—		—		3.5
Amounts reclassified from accumulated other comprehensive net income (loss)	—		(2.7)		—		4.4		1.7
Income tax benefit (expense)	—		0.4		—		(2.1)		(1.7)
Net current period other comprehensive income (loss)	2.3		(1.1)		—		2.3		3.5
Balance at December 27, 2025	$	(9.9)	$	(0.8)	$	(17.9)	$	(77.7)	$	(106.2)

Balance at September 30, 2024	$	(21.3)	$	4.9	$	(14.4)	$	(76.5)	$	(107.3)
Other comprehensive income (loss) before reclassifications	(5.8)		7.7		—		—		1.9
Amounts reclassified from accumulated other comprehensive net income (loss)	—		(2.3)		—		5.8		3.5
Income tax benefit (expense)	—		(1.4)		—		(1.5)		(2.9)
Net current period other comprehensive income (loss)	(5.8)		4.0		—		4.3		2.5
Balance at December 28, 2024	$	(27.1)	$	8.9	$	(14.4)	$	(72.2)	$	(104.8)

The sum of the components may not equal due to rounding.

Share Repurchases

On December 19, 2025, the Company’s Board of Directors authorized a share repurchase program, with no expiration date, for the repurchase of up to $500.0 of Common Shares. There have been no share repurchases under this authorization as of December 27, 2025.

Share-Based Awards

On January 26, 2026, the shareholders of Scotts Miracle-Gro approved an amendment and restatement of The Scotts Miracle-Gro Company Long-Term Incentive Plan which, among other changes, increases the maximum number of Common Shares available for grant to participants under the Plan by 2.75 million Common Shares.

Subsequent to December 27, 2025, the Company awarded performance-based award units, stock options and deferred stock units representing 0.7 million Common Shares to associates and members of the Board of Directors with an estimated grant date fair value of $25.5.


	Three Months Ended
	December 27, 2025		December 28, 2024

Share-based compensation	$	7.4	$	16.4
Related tax benefit recognized	1.4		2.4

Restricted share-based awards

Restricted share-based award activity (including restricted stock units and deferred stock units) was as follows:


	No. of Units	Wtd. Avg. Grant Date Fair Value per Unit
Awards outstanding at September 30, 2025	478,924	$	61.28
Granted	377,142	58.30
Vested	(372,795)	58.31
Forfeited	(1,443)	60.49
Awards outstanding at December 27, 2025	481,828	61.25

The weighted-average grant-date fair value of restricted share-based awards granted during the three months ended December 27, 2025 and December 28, 2024 was $58.30 and $75.36 per share, respectively. As of December 27, 2025, there was $4.7 of total unrecognized pre-tax compensation cost, net of estimated forfeitures, related to nonvested restricted share-based awards that is expected to be recognized over a weighted-average period of 1.4 years. The total fair value of restricted share-based awards vested during the three months ended December 27, 2025 and December 28, 2024 was $21.7 and $43.0, respectively.

For fiscal 2025, the Company granted short-term equity incentive compensation awards to certain associates in the form of restricted share-based award units in lieu of cash-based annual incentive awards. During the three months ended December 27, 2025, these fiscal 2025 awards representing 0.3 million Common Shares were granted and vested on the incentive payout date. The number of restricted share-based award units that the Company ultimately issued to participating associates was based on the incentive payout amount determined for each associate that was then converted into a variable number of restricted share-based award units based on the fair value of the Common Shares on the grant date.

For fiscal 2026, the Company is granting short-term equity incentive compensation awards to certain associates in the form of restricted share-based award units in lieu of cash-based annual incentive awards. The program is structured so the fiscal 2026 incentive grant, if any, will be made on or near the incentive payout date, subject to certain performance conditions and a service requirement. The number of restricted share-based award units that are ultimately issued to participating associates will be determined based on the incentive payout amount determined for each associate converted into a variable number of restricted share-based award units based on the fair value of the Common Shares on the grant date. The awards are classified as liability awards and, as of December 27, 2025, the Company had accrued $3.4 in the “Other current liabilities” line in the Condensed Consolidated Balance Sheets associated with these awards. As of December 27, 2025, there was $15.9 of total unrecognized pre-tax compensation cost related to these nonvested restricted share-based awards that is expected to be recognized over the remainder of fiscal 2026. The units associated with these awards are excluded from the table above.

- Definition

The entire disclosure for equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
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+ Details

DEBT - Credit Facilities (Details) $ in Millions	Nov. 21, 2025 USD ($)	Sep. 30, 2028	Sep. 30, 2027	Sep. 30, 2026	Dec. 27, 2025 USD ($)	Dec. 28, 2024
Debt Instrument [Line Items]
Weighted average interest rate (percentage)					4.80%	5.50%
Revolving Credit Facility
Debt Instrument [Line Items]
Weighted average interest rate (percentage)					7.00%	8.50%
Credit Facilities
Debt Instrument [Line Items]
Available borrowing capacity					$ 979.8
Credit Facilities \| Letter of Credit
Debt Instrument [Line Items]
Principal amount					$ 93.2
Senior notes
Debt Instrument [Line Items]
Debt Instrument, Covenant, Interest Coverage Ratio					5.05
Seventh Amended And Restated Senior Secured Credit Agreement \| Credit Facilities
Debt Instrument [Line Items]
Debt term	5 years
Senior secured credit facilities, maximum borrowing capacity	$ 2,000.0
Line of Credit Facility, Accordion Feature, Increase Limit	$ 500.0
Debt Instrument, Covenant, Leverage Ratio, Maximum	5.00
Debt Instrument, Covenant, Leverage Ratio					4.03
Debt Instrument, Covenant, Leverage Ratio, Restricted Payments	4.00
Debt Instrument, Covenant, Annual Restricted Payment Amount, Maximum If Leverage Threshold Exceeded	$ 225.0
Seventh Amended And Restated Senior Secured Credit Agreement \| Credit Facilities \| Forecast
Debt Instrument [Line Items]
Debt Instrument, Covenant, Interest Coverage Ratio, Minimum		3.50	3.25	3.00
Seventh Amended And Restated Senior Secured Credit Agreement \| Credit Facilities \| Revolving Credit Facility
Debt Instrument [Line Items]
Senior secured credit facilities, maximum borrowing capacity	1,500.0
Seventh Amended And Restated Senior Secured Credit Agreement \| Credit Facilities \| Term loans
Debt Instrument [Line Items]
Senior secured credit facilities, maximum borrowing capacity	500.0
Seventh Amended And Restated Senior Secured Credit Agreement \| Credit Facilities \| Letter of Credit
Debt Instrument [Line Items]
Senior secured credit facilities, maximum borrowing capacity	$ 100.0

LEASES - Maturities of Lease Liabilities by Fiscal Year Schedule (Details) - USD ($) $ in Millions	Dec. 27, 2025	Sep. 30, 2025	Dec. 28, 2024
Operating Leases
2026 (remainder of the year)	$ 66.3
2027	69.5
2028	60.5
2029	46.6
2030	32.3
Thereafter	136.2
Total lease payments	411.4
Less: Imputed interest	(98.2)
Total lease liabilities	313.2	$ 260.1	$ 275.8
Finance Leases
2026 (remainder of the year)	2.0
2027	2.4
2028	2.0
2029	1.7
2030	1.7
Thereafter	7.0
Total lease payments	16.8
Less: Imputed interest	(2.8)
Total lease liabilities	$ 14.0	$ 14.5	$ 16.3

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

3 Months Ended

Dec. 27, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

The Company is exposed to market risks, such as changes in interest rates, currency exchange rates and commodity prices. To manage a portion of the volatility related to these exposures, the Company enters into various financial transactions. The utilization of these financial transactions is governed by policies covering acceptable counterparty exposure, instrument types and other hedging practices. The Company does not hold or issue derivative financial instruments for speculative trading purposes.

The fair values and amount of gain (loss) recognized in earnings and AOCL associated with derivative instruments did not have a material impact on the Company’s condensed consolidated financial statements for the three months ended December 27, 2025 and December 28, 2024.

Exchange Rate Risk Management

The Company uses currency forward contracts to manage the exchange rate risk associated with intercompany loans and certain other balances denominated in foreign currencies. Currency forward contracts are valued using observable forward rates in commonly quoted intervals for the full term of the contracts. The notional amount of outstanding currency forward contracts was $134.1, $154.5 and $100.4 at December 27, 2025, December 28, 2024 and September 30, 2025, respectively. Contracts outstanding at December 27, 2025 will mature over the next fiscal quarter.

Interest Rate Risk Management

The Company enters into interest rate swap agreements as a means to hedge its variable interest rate risk on debt instruments. Net amounts to be received or paid under the swap agreements are reflected as adjustments to interest expense. The Company has outstanding interest rate swap agreements with major financial institutions that effectively convert a portion of the Company’s variable-rate debt to a fixed rate. Interest rate swap agreements are valued based on the present value of the estimated future net cash flows using implied rates in the applicable yield curve as of the valuation date. Swap agreements that were hedging interest payments as of December 27, 2025, December 28, 2024 and September 30, 2025 had a maximum total U.S. dollar equivalent notional amount of $450.0. Refer to “NOTE 7. DEBT” for the terms of the swap agreements outstanding at December 27, 2025. Gains and losses included in the AOCL balance at December 27, 2025 related to interest rate swap agreements that are expected to be reclassified to earnings during the next twelve months are not material.

Commodity Price Risk Management

The Company enters into hedging arrangements designed to fix the price of a portion of its projected future urea and diesel requirements. Commodity contracts are valued using observable commodity exchange prices in active markets. Gains and losses included in the AOCL balance at December 27, 2025 related to commodity hedges that are expected to be reclassified to earnings during the next twelve months are not material.

The Company had the following outstanding commodity contracts that were entered into to hedge forecasted purchases:

Commodity

December 27,
2025

December 28,
2024

September 30,
2025

Urea

24,000 tons

49,500 tons

Diesel

3,024,000 gallons

3,066,000 gallons

2,478,000 gallons

Heating Oil

1,890,000 gallons

1,302,000 gallons

1,050,000 gallons

- Definition

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

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+ Details

MARKETING AGREEMENT - Additional Information (Details) $ in Millions	Aug. 01, 2019 USD ($)
Restated Marketing Agreement
Marketing Agreement [Line Items]
Percentage of program earnings	50.00%
Annual payments	$ 18.0
Third Restated Agreement
Marketing Agreement [Line Items]
Minimum annual EBIT required to avoid reduction of contribution payment	36.0
Minimum EBIT	50.0
Brand decommissioning event payable	375.0
Termination fee payable	$ 175.0
Minimum termination fee payable multiple	4
Minimum termination fee payable threshold	$ 186.4

SEGMENT INFORMATION - Narrative (Details)	3 Months Ended
SEGMENT INFORMATION - Narrative (Details)	Dec. 27, 2025 segment
Segment Reporting [Abstract]
Number of operating segments	2
Number of reportable segments	1

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

3 Months Ended

Dec. 27, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Outstanding Derivative Contracts

The Company had the following outstanding commodity contracts that were entered into to hedge forecasted purchases:

Commodity

December 27,
2025

December 28,
2024

September 30,
2025

Urea

24,000 tons

49,500 tons

Diesel

3,024,000 gallons

3,066,000 gallons

2,478,000 gallons

Heating Oil

1,890,000 gallons

1,302,000 gallons

1,050,000 gallons

DISCONTINUED OPERATIONS - Summary of Major Classes of Assets and Liabilities Classified As Held For Sale (Details) - USD ($) $ in Millions	Dec. 27, 2025	Sep. 30, 2025	Dec. 28, 2024
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total assets held for sale	$ 61.0	$ 176.7	$ 239.7
Total liabilities held for sale	31.7	33.9	54.4
Discontinued Operations, Held-for-Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash and cash equivalents	3.0	3.8	4.2
Accounts receivable, net	24.0	26.1	40.5
Inventories	48.4	50.1	64.9
Prepaid and other current assets	4.5	4.8	21.7
Property, plant and equipment, net	21.3	24.0	32.6
Intangible assets, net	47.8	49.8	61.2
Other assets	16.8	18.1	14.6
Valuation adjustment (allowance) on disposal group	(104.8)	0.0	0.0
Accounts payable	8.2	7.8	25.0
Other current liabilities	15.2	16.5	24.3
Other liabilities	$ 8.3	$ 9.6	$ 5.1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

3 Months Ended

Dec. 27, 2025

Accounting Policies [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Nature of Operations

The Scotts Miracle-Gro Company (“Scotts Miracle-Gro”) and its subsidiaries (collectively, with Scotts Miracle-Gro, the “Company”) are engaged in the manufacturing, marketing and sale of products for lawn and garden care and indoor and hydroponic gardening. The Company’s products are primarily sold in North America. The Company’s North America consumer lawn and garden business is highly seasonal, with more than 75% of its annual net sales occurring in the second and third fiscal quarters.

Organization and Basis of Presentation

The Company’s unaudited condensed consolidated financial statements for the three months ended December 27, 2025 and December 28, 2024 are presented in accordance with accounting principles generally accepted in the United States of America (“GAAP”). The condensed consolidated financial statements include the accounts of Scotts Miracle-Gro and its consolidated subsidiaries. All intercompany transactions and accounts have been eliminated in consolidation. The Company consolidates all majority-owned subsidiaries and variable interest entities where the Company has been determined to be the primary beneficiary. The results of businesses acquired or disposed of are included in the condensed consolidated financial statements from the date of each acquisition or up to the date of disposal, respectively. In the opinion of management, interim results reflect all normal and recurring adjustments and are not necessarily indicative of results for a full year.

Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been omitted or condensed pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Accordingly, this Quarterly Report on Form 10-Q for the fiscal quarter ended December 27, 2025 (this “Form 10-Q”) should be read in conjunction with Scotts Miracle-Gro’s Annual Report on Form 10-K for the fiscal year ended September 30, 2025 (the “2025 Annual Report”), which includes a complete set of footnote disclosures, including the Company’s significant accounting policies.

The Company’s Condensed Consolidated Balance Sheet at September 30, 2025 has been derived from the Company’s audited Consolidated Balance Sheet at that date, but does not include all of the information and footnotes required by GAAP for complete financial statements.

On March 14, 2025, the Company sold all of the issued and outstanding shares of capital stock of its formerly wholly-owned subsidiary The Hawthorne Collective, Inc. (“THC”) to Bad Dog Holdings LLC (“BDH”) in exchange for a promissory note with a principal amount of $39.0. BDH was formed to hold and manage the investments held by THC and is owned and controlled by a strategic partner of the Company. At the time of the sale, THC held non-voting exchangeable shares of FLUENT Corp. (formerly Cansortium Inc.) (“FLUENT”) (CSE: FNT.U) (OTCQB: CNTMF), a vertically-integrated, multi-state cannabis company, and other minority non-equity investments, with a total book value of $39.0. BDH granted the Company a call option that enables the Company, subject to certain restrictions, to reacquire all of the issued and outstanding shares of capital stock of THC in exchange for canceling the principal amount of the promissory note and making an additional payment to BDH equal to 5% of any appreciation in the fair value of THC. The Company may exercise the call option in its sole and absolute discretion, until the earlier of (i) March 14, 2035 and (ii) the date of the consummation of a merger, change in control or consolidation of BDH or a sale, lease, transfer, exclusive license or other disposition of all or substantially all of the assets of BDH. The Company also granted BDH a put option providing BDH with the right to cause the Company to reacquire all the issued and outstanding shares of capital stock of THC in exchange for canceling the principal amount of the promissory note. The Company has determined that it has a variable interest in BDH and that BDH is a variable interest entity. Additionally, based on its assessment of the characteristics of its variable interest in BDH, including the involvement of its de facto agents, the Company has determined it is the primary beneficiary of BDH and, as a result, is required to consolidate BDH in its condensed consolidated financial statements. As of December 27, 2025, BDH had assets of $24.6 recorded in the “Other assets” line in the Condensed Consolidated Balance Sheets, and total liabilities of $39.0 associated with the promissory note due to the Company, which is eliminated in consolidation.

Assets and Liabilities Held for Sale

Assets and liabilities related to a business classified as held for sale are segregated in the Condensed Consolidated Balance Sheets for all periods presented. Upon classification as held for sale, the Company ceases depreciation and amortization and measures the assets (or disposal group) at the lower of carrying amount or fair value less cost to sell. Any resulting loss is recognized in the period in which the held for sale criteria are met. This valuation adjustment (allowance) is adjusted based on subsequent changes in estimates of fair value less cost to sell. During the three months ended December 27, 2025, the Company determined that the Hawthorne business meets the criteria to be classified as held for sale, and has reclassified the related assets and liabilities as held for sale on the Condensed Consolidated Balance Sheets for all periods presented.

Accounts Receivable

The Company is party to a Master Receivables Purchase Agreement, which is uncommitted and expires on September 1, 2026, under which the Company may sell up to $750.0 of available and eligible outstanding customer accounts receivable generated by sales to five specified customers. The receivable sales are non-recourse to the Company, other than with respect to (i) repurchase obligations and indemnification obligations for any violations by the Company of its respective representations or obligations as seller or servicer and (ii) certain repurchase and payment obligations arising from any dilution of, or dispute with respect to, any purchased receivables that arise after the sale of such purchased receivables to the purchaser not contemplated in the applicable purchase price of such purchased receivable. The recourse obligations of the Company that may arise from time to time are supported by standby letters of credit of $75.0. Transactions under the Master Receivables Purchase Agreement are accounted for as sales of accounts receivable, and the receivables sold are removed from the Condensed Consolidated Balance Sheets at the time of the sales transaction. Proceeds received from the sales of accounts receivable are classified as operating cash flows and collections of previously sold accounts receivable not yet submitted to the buyer are classified as financing cash flows in the Condensed Consolidated Statements of Cash Flows. The Company records the discount on sales in the “Other expense, net” line in the Condensed Consolidated Statements of Operations. At December 27, 2025, December 28, 2024 and September 30, 2025, net receivables derecognized were $220.3, $236.7 and $163.3, respectively. During the three months ended December 27, 2025 and December 28, 2024, proceeds from the sale of receivables under the Master Receivables Purchase Agreement totaled $254.6 and $274.0, respectively, and the total discount recorded on sales was $2.9 and $3.3, respectively.

Supplier Finance Program

The Company has an agreement to provide a supplier finance program which facilitates participating suppliers’ ability to finance payment obligations of the Company with a designated third-party financial institution. Participating suppliers may, at their sole discretion, elect to finance payment obligations of the Company prior to their scheduled due dates at a discounted price to the participating financial institution. The Company’s obligations to its suppliers, including amounts due and scheduled payment dates, are not impacted by suppliers’ decisions to finance amounts under this arrangement. The payment terms that the Company negotiates with its suppliers are consistent, regardless of whether a supplier participates in the program. The Company’s current payment terms with a majority of its suppliers generally range from 30 to 60 days, which the Company deems to be commercially reasonable. The Company’s outstanding payment obligations under its supplier finance program were $30.7, $26.7 and $13.9 at December 27, 2025, December 28, 2024 and September 30, 2025, respectively, and are recorded within accounts payable in the Condensed Consolidated Balance Sheets. The associated payments were $68.0 and $72.7 for the three months ended December 27, 2025 and December 28, 2024, respectively, and are classified as operating activities in the Condensed Consolidated Statements of Cash Flows.

Long-Lived Assets

The Company had non-cash investing activities of $7.8 and $3.6 during the three months ended December 27, 2025 and December 28, 2024, respectively, representing unpaid liabilities to acquire property, plant and equipment.

Statements of Cash Flows

Supplemental cash flow information was as follows:


	Three Months Ended
	December 27, 2025		December 28, 2024

Interest paid	$	36.4	$	40.3

Income taxes paid (refunded), net	—		(0.1)

Cash and cash equivalents held by the Hawthorne business of $3.0, $4.2 and $3.8 at December 27, 2025, December 28, 2024 and September 30, 2025, respectively, are classified as held for sale and are not included in cash and cash equivalents in the Condensed Consolidated Balance Sheets.

RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS

In December 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures.” This ASU primarily requires enhanced disclosures and disaggregation of income tax information by jurisdiction in the annual income tax reconciliation and quantitative and qualitative disclosures regarding income taxes paid. The new disclosure requirements are to be applied prospectively, with the option to apply retrospectively, and will be included in the Company’s Annual Report on Form 10-K for the fiscal year ending September 30, 2026. The Company is currently evaluating the impact that the adoption of this guidance will have on the Company’s disclosures.

In November 2024, the FASB issued ASU No. 2024-03, “Income Statement — Reporting Comprehensive Income — Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses.” This ASU requires disaggregated disclosures on an annual and interim basis, in the notes to the financial statements, of certain categories of expenses that are included in expense line items on the face of the statement of operations. ASU No. 2024-03 is to be applied prospectively, with the option to apply the standard retrospectively, effective for the Company’s fiscal year ending September 30, 2028, and interim periods within the fiscal year ending September 30, 2029. The Company is currently evaluating the impact that the adoption of this guidance will have on the Company’s disclosures.

In September 2025, the FASB issued ASU No. 2025-06, “Intangibles — Goodwill and Other — Internal-Use Software: Targeted Improvements to the Accounting for Internal-Use Software.” This ASU amends the accounting for and disclosure of software costs. ASU No. 2025-06 is effective for the Company’s fiscal year ending September 30, 2029 and interim periods within that fiscal year, with early adoption permitted. The Company is currently evaluating the impact that the adoption of this guidance will have on the Company’s consolidated financial statements and disclosures.

INVESTMENT IN UNCONSOLIDATED AFFILIATES	3 Months Ended
INVESTMENT IN UNCONSOLIDATED AFFILIATES	Dec. 27, 2025
Investments in and Advances to Affiliates [Abstract]
INVESTMENTS IN UNCONSOLIDATED AFFILIATES	INVESTMENT IN UNCONSOLIDATED AFFILIATES Bonnie Plants The Company holds a 50% equity interest in Bonnie Plants, LLC, a joint venture with Alabama Farmers Cooperative, Inc. (“AFC”) focused on planting, growing, developing, distributing, marketing and selling live plants. The Company’s interest is accounted for using the equity method of accounting, with the Company’s proportionate share of Bonnie Plants, LLC earnings reflected in the Condensed Consolidated Statements of Operations. The Company recorded equity in loss of unconsolidated affiliates associated with Bonnie Plants, LLC of $10.6 and $9.9 during the three months ended December 27, 2025 and December 28, 2024, respectively. FLUENT During the three months ended December 28, 2024, THC exchanged its existing convertible debt investment in RIV Capital Inc. (“RIV Capital”) for an investment in FLUENT. This exchange, a non-cash investing and financing activity, resulted in a loss of $7.0 that was recorded in the “Impairment, restructuring and other” line in the Condensed Consolidated Statements of Operations during the three months ended December 28, 2024. As of December 27, 2025, THC holds 153.1 million common shares of FLUENT, which represents approximately 25% of FLUENT’s total outstanding common shares. THC and FLUENT are also parties to an investor rights agreement which allows THC to nominate up to two members to the FLUENT board of directors. This investment was previously accounted for using the equity method of accounting, with THC’s proportionate share of FLUENT earnings subsequent to December 18, 2024 reflected in the Condensed Consolidated Statements of Operations on a one quarter lag. During the three months ended December 27, 2025, the Company recorded equity in loss of unconsolidated affiliates associated with FLUENT of $2.6, which reduced its investment balance to zero as of December 27, 2025, and resulted in the Company discontinuing equity method recognition of its proportionate share of FLUENT losses. The Company does not have any contractual obligations or other commitments to fund losses of FLUENT. Refer to “NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES” for further details related to the Company’s sale of THC to BDH on March 14, 2025. BDH is a variable interest entity that is consolidated by the Company.

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Millions	3 Months Ended
	Dec. 27, 2025	Dec. 28, 2024
Statement of Comprehensive Income [Abstract]
Net loss	$ (125.0)	$ (69.5)
Other comprehensive income (loss):
Net foreign currency translation adjustment	2.3	(5.8)
Net unrealized gain on derivative instruments, net of tax	0.9	5.7
Reclassification of net unrealized gain on derivative instruments to net loss, net of tax	(2.0)	(1.7)
Pension and other post-retirement benefit adjustments, net of tax	2.3	4.3
Total other comprehensive income	3.5	2.5
Comprehensive loss	$ (121.5)	$ (67.0)

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Reference 44: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 4
-Subparagraph (f)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481538/470-20-65-4

+ Details

INCOME TAXES (Details)	3 Months Ended
INCOME TAXES (Details)	Dec. 27, 2025	Dec. 28, 2024
Income Tax Disclosure [Abstract]
Effective tax rate related to continuing operations	24.50%	27.30%

SEGMENT INFORMATION

3 Months Ended

Dec. 27, 2025

Segment Reporting [Abstract]

SEGMENT INFORMATION

As a result of the classification of the Hawthorne business as a discontinued operation, the Company’s reportable segments for the fiscal quarter ended December 27, 2025 differ from prior periods. The prior period amounts have been reclassified to reflect the removal of Hawthorne as a reportable segment and from results of continuing operations. The Company has two operating segments: U.S. Consumer and Other; and one reportable segment: U.S. Consumer. Management has chosen to organize the entity primarily around differences in geographic areas. U.S. Consumer consists of the Company’s consumer lawn and garden business in the United States. Other primarily consists of the Company’s consumer lawn and garden business in Canada and does not meet any of the quantitative thresholds requiring separate reportable segment disclosures. This identification of operating segments is consistent with how the segments are managed by the Chief Executive Officer, who has been determined to be the chief operating decision maker (“CODM”) of the Company. The Company is not managed on a consolidated basis. In addition, Corporate consists of general and administrative expenses and certain other income and expense items not allocated to the Company’s operating segments. The accounting policies of the segments are the same as those described in the Company’s summary of significant accounting policies.

The CODM uses Segment Profit (Loss), which is defined as income (loss) from continuing operations before income taxes, amortization, impairment, restructuring and other charges (“Segment Profit (Loss)”), to evaluate segment performance, monitor actual results as compared to plan and inform resource allocation decisions. The Company believes this measure is indicative of performance trends and the overall earnings potential of each segment. Asset information and capital expenditures by segment are not provided to the CODM and they are not utilized for the purposes of assessing performance or allocating resources, and therefore such information has not been presented.

The following table presents net sales by segment and a reconciliation to the Company’s consolidated net sales for the periods indicated:


	Three Months Ended
	December 27, 2025		December 28, 2024


U.S. Consumer reportable segment	$	328.5	$	340.9

Other non-reportable operating segment	25.9		25.7
Consolidated	$	354.4	$	366.6


	Three Months Ended December 27, 2025
	U.S. Consumer				Total
Net sales	$	328.5
Adjusted cost of sales (a)	241.4
Adjusted selling, general and administrative (b)	74.7
Other segment items (c)	3.4
Segment Profit	$	9.0			$	9.0
Other non-reportable operating segment loss			(1.7)
Corporate (d)			(25.3)
Intangible asset amortization			(0.7)
Total impairment, restructuring and other (e)			(3.1)
Equity in loss of unconsolidated affiliates			(13.1)
Interest expense			(27.2)
Other non-operating expense, net			(1.2)
Loss from continuing operations before income taxes			$	(63.3)


	Three Months Ended December 28, 2024
	U.S. Consumer				Total
Net sales	$	340.9
Adjusted cost of sales (a)	253.2
Adjusted selling, general and administrative (b)	73.2
Other segment items (c)	4.7
Segment Profit	$	9.8			$	9.8
Other non-reportable operating segment loss			(3.1)
Corporate (d)			(33.9)
Intangible asset amortization			(0.6)
Total impairment, restructuring and other (e)			(18.0)
Equity in loss of unconsolidated affiliates			(9.9)
Interest expense			(33.9)
Other non-operating expense, net			(1.3)
Loss from continuing operations before income taxes			$	(90.9)

(a)“Adjusted cost of sales” is defined as cost of sales excluding intangible asset amortization, and does not include activity classified as impairment, restructuring and other.

The following tables present certain other segment disclosures for the periods indicated:


	Three Months Ended
	December 27, 2025		December 28, 2024
Depreciation and amortization:
U.S. Consumer	$	14.0	$	13.6

Share-based compensation:
U.S. Consumer (a)	$	4.4	$	6.6

(a)Includes certain advertising expenses paid for in Common Shares for the three months ended December 28, 2024.

The following table presents net sales by product category for the periods indicated:


	Three Months Ended
	December 27, 2025		December 28, 2024

U.S. Consumer:
Growing media and mulch	$	111.5	$	93.4
Lawn care	109.5		124.3
Controls	59.8		64.6
Roundup® marketing agreement	23.8		27.7
Other, primarily gardening	23.9		30.9
Other:
Growing media	12.6		12.6
Lawn care	3.1		2.3
Other, primarily gardening and controls	10.2		10.8
Total net sales	$	354.4	$	366.6

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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+ Details

DEBT - Components of Long-Term Debt (Details) - USD ($) $ in Millions	Dec. 27, 2025	Sep. 30, 2025	Dec. 28, 2024	Aug. 13, 2021	Mar. 17, 2021	Oct. 22, 2019	Dec. 15, 2016
Debt Instrument [Line Items]
Total debt	$ 2,542.3	$ 2,119.7	$ 2,706.7
Less current portions	278.3	57.2	54.6
Long-term debt	2,250.2	2,049.2	2,636.9
Credit Facilities \| Revolving loans
Debt Instrument [Line Items]
Total debt	427.0	0.0	475.6
Credit Facilities \| Term loans
Debt Instrument [Line Items]
Total debt	$ 500.0	$ 500.0	$ 612.5
Senior Notes \| 4.000% Senior Notes Due 2031
Debt Instrument [Line Items]
Interest rate of debt (percentage)	4.00%	4.00%	4.00%		4.00%
Total debt	$ 500.0	$ 500.0	$ 500.0
Senior Notes \| 4.375% Senior Notes Due 2032
Debt Instrument [Line Items]
Interest rate of debt (percentage)	4.375%	4.375%	4.375%	4.375%
Total debt	$ 400.0	$ 400.0	$ 400.0
Senior Notes \| 4.500% Senior Notes Due 2029
Debt Instrument [Line Items]
Interest rate of debt (percentage)	4.50%	4.50%	4.50%			4.50%
Total debt	$ 450.0	$ 450.0	$ 450.0
Senior Notes \| 5.250% Senior Notes Due 2026
Debt Instrument [Line Items]
Interest rate of debt (percentage)	5.25%	5.25%	5.25%				5.25%
Total debt	$ 250.0	$ 250.0	$ 250.0
Finance lease obligations
Debt Instrument [Line Items]
Total debt	14.0	14.5	16.3
Other
Debt Instrument [Line Items]
Total debt	1.3	5.2	2.3
Long-term debt
Debt Instrument [Line Items]
Less unamortized debt issuance costs	$ 13.8	$ 13.3	$ 15.2

FAIR VALUE MEASUREMENTS - Narrative (Details) - Convertible debt investments - USD ($) $ in Millions	3 Months Ended
	Dec. 27, 2025	Sep. 30, 2025	Dec. 28, 2024
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cost basis of investment	$ 46.4	$ 44.4	$ 44.4
Gross unrealized losses on convertible debt instruments	19.8	19.8	16.4
Allowance for expected credit losses	$ 1.9	$ 1.9	$ 1.9
Debt term	3 years 7 months 6 days

- Definition

Cost of the investment.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Dec. 27, 2025

Accounting Policies [Abstract]

Schedule of Supplemental Cash Flow Information

Supplemental cash flow information was as follows:


	Three Months Ended
	December 27, 2025		December 28, 2024

Interest paid	$	36.4	$	40.3

Income taxes paid (refunded), net	—		(0.1)

INVENTORIES (Tables)

3 Months Ended

Dec. 27, 2025

Inventory Disclosure [Abstract]

Summary of Inventories

Inventories consisted of the following for each of the periods presented:


	December 27, 2025		December 28, 2024		September 30, 2025

Finished goods	$	525.0	$	498.8	$	246.3
Raw materials	230.9		258.4		217.6
Work-in-process	90.8		87.7		78.8
Total	$	846.7	$	844.9	$	542.7

EQUITY - Restricted Stock-based Award Activity (Details) - Restricted Stock Units (RSUs) - $ / shares	3 Months Ended
	Dec. 27, 2025	Dec. 28, 2024
No. of Units
Awards outstanding at beginning of period (shares)	478,924
Granted (shares)	377,142
Vested (shares)	(372,795)
Forfeited (shares)	(1,443)
Awards outstanding at end of period (shares)	481,828
Wtd. Avg. Grant Date Fair Value per Unit
Awards outstanding at beginning of period (USD per share)	$ 61.28
Granted (USD per share)	58.30	$ 75.36
Vested (USD per share)	58.31
Forfeited (USD per share)	60.49
Awards outstanding at end of period (USD per share)	$ 61.25

FAIR VALUE MEASUREMENTS - Summary of Fair Value of Assets and Liabilities (Details) - USD ($) $ in Millions	Dec. 27, 2025	Sep. 30, 2025	Dec. 28, 2024	Aug. 13, 2021	Mar. 17, 2021	Oct. 22, 2019	Dec. 15, 2016
Senior notes \| 4.000% Senior Notes
Liabilities
Interest rate of debt (percentage)	4.00%	4.00%	4.00%		4.00%
Senior notes \| 4.375% Senior Notes
Liabilities
Interest rate of debt (percentage)	4.375%	4.375%	4.375%	4.375%
Senior notes \| 4.500% Senior Notes
Liabilities
Interest rate of debt (percentage)	4.50%	4.50%	4.50%			4.50%
Senior notes \| 5.250% Senior Notes
Liabilities
Interest rate of debt (percentage)	5.25%	5.25%	5.25%				5.25%
Carrying Amount \| Fair value, inputs, level 1 \| Fair Value, Measurements, Recurring
Assets
Cash equivalents	$ 0.0	$ 25.3	$ 0.9
Carrying Amount \| Fair value, inputs, level 1 \| Fair Value, Measurements, Recurring \| Investment securities in non-qualified retirement plan assets
Assets
Other	33.8	32.6	32.7
Carrying Amount \| Fair value, inputs, level 3 \| Fair Value, Measurements, Recurring \| Convertible debt investments
Assets
Other	26.6	24.6	28.1
Carrying Amount \| Fair value, inputs, level 2 \| Fair Value, Measurements, Recurring \| Credit facilities \| Revolving loans
Liabilities
Debt instruments	427.0	0.0	475.6
Carrying Amount \| Fair value, inputs, level 2 \| Fair Value, Measurements, Recurring \| Credit facilities \| Term loans
Liabilities
Debt instruments	500.0	500.0	612.5
Carrying Amount \| Fair value, inputs, level 2 \| Fair Value, Measurements, Recurring \| Senior notes \| 4.000% Senior Notes
Liabilities
Debt instruments	500.0	500.0	500.0
Carrying Amount \| Fair value, inputs, level 2 \| Fair Value, Measurements, Recurring \| Senior notes \| 4.375% Senior Notes
Liabilities
Debt instruments	400.0	400.0	400.0
Carrying Amount \| Fair value, inputs, level 2 \| Fair Value, Measurements, Recurring \| Senior notes \| 4.500% Senior Notes
Liabilities
Debt instruments	450.0	450.0	450.0
Carrying Amount \| Fair value, inputs, level 2 \| Fair Value, Measurements, Recurring \| Senior notes \| 5.250% Senior Notes
Liabilities
Debt instruments	250.0	250.0	250.0
Carrying Amount \| Fair value, inputs, level 2 \| Fair Value, Measurements, Recurring \| Other debt
Liabilities
Debt instruments	1.3	5.2	2.3
Estimated Fair Value \| Fair value, inputs, level 1 \| Fair Value, Measurements, Recurring
Assets
Cash equivalents	0.0	25.3	0.9
Estimated Fair Value \| Fair value, inputs, level 1 \| Fair Value, Measurements, Recurring \| Investment securities in non-qualified retirement plan assets
Assets
Other	33.8	32.6	32.7
Estimated Fair Value \| Fair value, inputs, level 3 \| Fair Value, Measurements, Recurring \| Convertible debt investments
Assets
Other	26.6	24.6	28.1
Estimated Fair Value \| Fair value, inputs, level 2 \| Fair Value, Measurements, Recurring \| Credit facilities \| Revolving loans
Liabilities
Debt instruments	427.0	0.0	475.6
Estimated Fair Value \| Fair value, inputs, level 2 \| Fair Value, Measurements, Recurring \| Credit facilities \| Term loans
Liabilities
Debt instruments	500.0	500.0	612.5
Estimated Fair Value \| Fair value, inputs, level 2 \| Fair Value, Measurements, Recurring \| Senior notes \| 4.000% Senior Notes
Liabilities
Debt instruments	466.9	459.4	435.0
Estimated Fair Value \| Fair value, inputs, level 2 \| Fair Value, Measurements, Recurring \| Senior notes \| 4.375% Senior Notes
Liabilities
Debt instruments	373.5	367.0	348.0
Estimated Fair Value \| Fair value, inputs, level 2 \| Fair Value, Measurements, Recurring \| Senior notes \| 4.500% Senior Notes
Liabilities
Debt instruments	438.8	437.1	414.0
Estimated Fair Value \| Fair value, inputs, level 2 \| Fair Value, Measurements, Recurring \| Senior notes \| 5.250% Senior Notes
Liabilities
Debt instruments	249.7	249.4	245.0
Estimated Fair Value \| Fair value, inputs, level 2 \| Fair Value, Measurements, Recurring \| Other debt
Liabilities
Debt instruments	$ 1.3	$ 5.2	$ 2.3

LEASES - Additional Information (Details) - USD ($) $ in Millions	Dec. 27, 2025	Sep. 30, 2025	Dec. 28, 2024
Lessee, Lease, Description [Line Items]
Total lease liabilities	$ 313.2	$ 260.1	$ 275.8
Not Yet Commenced
Lessee, Lease, Description [Line Items]
Total lease liabilities	$ 69.3

INVENTORIES (Details) - USD ($) $ in Millions	Dec. 27, 2025	Sep. 30, 2025	Dec. 28, 2024
Inventory Disclosure [Abstract]
Finished goods	$ 525.0	$ 246.3	$ 498.8
Raw materials	230.9	217.6	258.4
Work-in-process	90.8	78.8	87.7
Total	$ 846.7	$ 542.7	$ 844.9

MARKETING AGREEMENT (Tables)

3 Months Ended

Dec. 27, 2025

Marketing Agreement [Abstract]

Schedule of Net Commission and Reimbursements Earned Under Marketing Agreement


	Three Months Ended
	December 27, 2025		December 28, 2024

Gross commission	$	8.9	$	10.2
Contribution expenses	(4.5)		(4.5)

Net commission	4.4		5.7
Reimbursements associated with Roundup® marketing agreement	19.4		22.0
Total net sales associated with Roundup® marketing agreement	$	23.8	$	27.7

EQUITY - Dividends (Details) - $ / shares	3 Months Ended
EQUITY - Dividends (Details) - $ / shares	Dec. 27, 2025	Dec. 28, 2024
Equity [Abstract]
Dividends declared (USD per share)	$ 0.66	$ 0.66

EQUITY - Total Share-based Compensation (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 27, 2025	Dec. 28, 2024
Equity [Abstract]
Share-based compensation	$ 7.4	$ 16.4
Related tax benefit recognized	$ 1.4	$ 2.4

INVENTORIES

3 Months Ended

Dec. 27, 2025

Inventory Disclosure [Abstract]

INVENTORIES

Inventories consisted of the following for each of the periods presented:


	December 27, 2025		December 28, 2024		September 30, 2025

Finished goods	$	525.0	$	498.8	$	246.3
Raw materials	230.9		258.4		217.6
Work-in-process	90.8		87.7		78.8
Total	$	846.7	$	844.9	$	542.7

EARNINGS PER COMMON SHARE - Additional Information (Details) - shares shares in Millions	3 Months Ended
	Dec. 27, 2025	Dec. 28, 2024
Earnings Per Share [Abstract]
Weighted-average common shares outstanding during the period plus dilutive potential common shares (in shares)	57.9	57.3
Number of anti-dilutive potential common shares excluded from the calculation (in shares)	0.9	1.5

INCOME TAXES	3 Months Ended
INCOME TAXES	Dec. 27, 2025
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The effective tax rates for the three months ended December 27, 2025 and December 28, 2024 were 24.5% and 27.3%, respectively. The effective tax rate used for interim reporting purposes is based on management’s best estimate of factors impacting the effective tax rate for the full fiscal year and includes the impact of discrete items recognized in the quarter. There can be no assurance that the effective tax rate estimated for interim financial reporting purposes will approximate the effective tax rate determined at fiscal year-end. Scotts Miracle-Gro or one of its subsidiaries files income tax returns in the U.S. federal jurisdiction and various state, local and foreign jurisdictions. Subject to the following exceptions, the Company is no longer subject to examination by these tax authorities for fiscal years prior to 2022. There are currently no ongoing audits with respect to the U.S. federal jurisdiction. With respect to foreign jurisdictions, a Canadian audit covering fiscal years 2020 through 2021 and a United Kingdom audit covering fiscal year 2023 are in process. The Company is currently under examination by certain U.S. state and local tax authorities covering various periods from fiscal years 2018 through 2022. In addition to the aforementioned audits, certain other tax deficiency notices and refund claims for previous years remain unresolved. The Company currently anticipates that few of its open and active audits will be resolved within the next twelve months. The Company is unable to make a reasonably reliable estimate as to when or if cash settlements with taxing authorities may occur. Although the outcomes of such examinations and the timing of any payments required upon the conclusion of such examinations are subject to significant uncertainty, the Company does not anticipate that the resolution of these tax matters or any events related thereto will result in a material change to its consolidated financial position, results of operations or cash flows. On July 4, 2025, President Trump signed into law the One Big Beautiful Bill Act (“OBBBA”). The OBBBA makes permanent key elements of the Tax Cuts and Jobs Act, including 100% bonus depreciation, domestic research cost expensing and the business interest expense limitations. The legislation has multiple effective dates, with certain provisions effective in fiscal year 2025 and others implemented through fiscal year 2027. The Company does not anticipate that these tax law changes will have a material impact on its condensed consolidated financial statements.

- Definition

The entire disclosure for income tax.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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+ Details