v3.26.1
EQUITY
 9 Months Ended
Jun. 27, 2026
Equity [Abstract]  
EQUITY (DEFICIT)
NOTE 8. 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 compensation24.3 — — — 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, 2025346.9 131.2 (872.5)(106.2)(500.6)
Net income (loss)— 238.6 — — 238.6 
Other comprehensive income (loss)— — — 1.2 1.2 
Share-based compensation13.8 — — — 13.8 
Dividends declared ($0.66 per share)
— (38.8)— — (38.8)
Treasury share purchases— — (3.3)— (3.3)
Treasury share issuances(14.4)— 17.0 — 2.6 
Balance at March 28, 2026346.3 331.0 (858.8)(105.0)(286.5)
Net income (loss)— 112.2 — — 112.2 
Other comprehensive income (loss)— — — (1.0)(1.0)
Share-based compensation5.3 — — — 5.3 
Dividends declared ($0.66 per share)
— (38.9)— — (38.9)
Treasury share purchases— — (0.5)— (0.5)
Treasury share issuances(1.5)— 2.2 — 0.7 
Balance at June 27, 2026$350.1 $404.3 $(857.1)$(106.0)$(208.7)
The sum of the components may not equal the total 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 compensation31.4 — — — 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, 2024349.1 195.8 (919.6)(104.8)(479.5)
Net income (loss)— 217.5 — — 217.5 
Other comprehensive income (loss)— — — (4.0)(4.0)
Share-based compensation8.7 — — — 8.7 
Dividends declared ($0.66 per share)
— (39.6)— — (39.6)
Treasury share purchases— — (2.7)— (2.7)
Treasury share issuances(14.5)— 23.9 — 9.4 
Balance at March 29, 2025343.4 373.7 (898.4)(108.8)(290.1)
Net income (loss)— 149.1 — — 149.1 
Other comprehensive income (loss)— — — 1.2 1.2 
Share-based compensation5.3 — — — 5.3 
Dividends declared ($0.66 per share)
— (37.5)— — (37.5)
Treasury share issuances(1.4)— 2.5 — 1.1 
Balance at June 28, 2025$347.3 $485.2 $(895.9)$(107.5)$(170.9)
The sum of the components may not equal the total due to rounding.
Accumulated Other Comprehensive Loss
Changes in accumulated other comprehensive loss (“AOCL”) by component were as follows for each of the periods indicated:
Three Months Ended
Foreign Currency
Translation Adjustments		Net Unrealized Gain (Loss)
On Derivative Instruments		Net Unrealized Gain (Loss)
On Securities		Pension and Other Post-Retirement
Benefit Adjustments		Accumulated Other
Comprehensive Income (Loss)
Balance at March 28, 2026$(11.9)$1.1 $(18.2)$(76.0)$(105.0)
Other comprehensive income (loss) before reclassifications(4.1)(3.6)(2.3)— (10.0)
Amounts reclassified from accumulated other comprehensive net income (loss)— (1.1)7.9 1.7 8.5 
Income tax benefit (expense)— 1.2 — (0.7)0.5 
Net current period other comprehensive income (loss)(4.1)(3.5)5.6 1.0 (1.0)
Balance at June 27, 2026$(16.0)$(2.3)$(12.7)$(75.0)$(106.0)
Balance at March 29, 2025$(26.1)$5.3 $(14.4)$(73.6)$(108.8)
Other comprehensive income (loss) before reclassifications6.2 0.1 (0.6)— 5.7 
Amounts reclassified from accumulated other comprehensive net income (loss)— (2.0)— (6.0)(8.0)
Income tax benefit (expense)— 0.5 — 3.0 3.5 
Net current period other comprehensive income (loss)6.2 (1.4)(0.6)(3.0)1.2 
Balance at June 28, 2025$(19.9)$3.9 $(15.0)$(76.5)$(107.5)
The sum of the components may not equal the total due to rounding.
Nine Months Ended
Foreign Currency
Translation Adjustments		Net Unrealized Gain (Loss)
On Derivative Instruments		Net Unrealized Gain (Loss)
On Securities		Pension and Other Post-Retirement
Benefit Adjustments		Accumulated Other
Comprehensive Income (Loss)
Balance at September 30, 2025$(12.2)$0.3 $(17.9)$(79.9)$(109.7)
Other comprehensive income (loss) before reclassifications(3.8)(0.5)(2.7)— (7.0)
Amounts reclassified from accumulated other comprehensive net income (loss)— (3.1)7.9 9.2 14.0 
Income tax benefit (expense)— 0.9 — (4.3)(3.4)
Net current period other comprehensive income (loss)(3.8)(2.7)5.2 4.9 3.6 
Balance at June 27, 2026$(16.0)$(2.3)$(12.7)$(75.0)$(106.0)
Balance at September 30, 2024$(21.3)$4.9 $(14.4)$(76.5)$(107.3)
Other comprehensive income (loss) before reclassifications1.3 5.9 (0.6)— 6.6 
Amounts reclassified from accumulated other comprehensive net income (loss)— (7.1)— (0.6)(7.7)
Income tax benefit (expense)— 0.3 — 0.6 0.9 
Net current period other comprehensive income (loss)1.3 (0.9)(0.6)— (0.2)
Balance at June 28, 2025$(19.9)$3.9 $(15.0)$(76.5)$(107.5)
The sum of the components may not equal the total 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 June 27, 2026.
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, increased the maximum number of Common Shares available for grant to participants under the Plan by 2.75 million Common Shares.
Total compensation cost and the related income tax benefit associated with share-based awards included within net income from continuing operations was as follows for each of the periods indicated:
Three Months EndedNine Months Ended
June 27,
2026		June 28,
2025		June 27,
2026		June 28,
2025
Share-based compensation$10.2 $16.9 $36.1 $55.3 
Related tax benefit recognized1.7 3.6 5.0 10.2 
or 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 ultimately issued to participating associates will be based on each associate’s incentive payout amount 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 June 27, 2026, the Company had accrued $12.0 in the “Other current liabilities” line in the Condensed Consolidated Balance Sheets associated with these awards. As of June 27, 2026, there was $4.8 of total unrecognized pre-tax compensation cost related to these nonvested restricted share-based award units that is expected to be recognized over the remainder of fiscal 2026.