Scotts Miracle-Gro SMG Corporate Segment — Severance costs
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Where this comes from
Reported directly by Scotts Miracle-Gro in its filing.
Tagged under the XBRL concept us-gaap:SeveranceCosts1.
The source filing: Scotts Miracle-Gro’s 10-Q, filed August 5, 2026.
- Filed
- Aug 5, 2026, 4:07 PM EDT
- Fiscal quarter
- Q3 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0000825542-26-000041
During the three and nine months ended June 27, 2026, the Company recorded employee and executive severance charges of $1.0 and $1.7, respectively, in the “Cost of sales—impairment, restructuring and other” line in the Condensed Consolidated Statements of Operations primarily related to its U.S. Consumer segment; and $21.5 and $21.7, respectively, in the “Impairment, restructuring and other” line in the Condensed Consolidated Statements of Operations primarily related to Corporate. During the three and nine months ended June 28, 2025, the Company recorded employee and executive severance charges of $2.0 and $5.0, respectively, in the “Cost of sales—impairment, restructuring and other” line in the Condensed Consolidated Statements of Operations primarily related to its U.S. Consumer segment. During the three months ended June 28, 2025, employee and executive severance charges recorded in the “Impairment, restructuring and other” line in the Condensed Consolidated Statements of Operations were not material. During the nine months ended June 28, 2025, the Company recorded employee and executive severance charges of $13.5 in the “Impairment, restructuring and other” line in the Condensed Consolidated Statements of Operations, including charges of $1.9 in its U.S. Consumer segment and $11.6 at Corporate.
Item 1. Financial Statements (Unaudited)
FAQ
- What is Scotts Miracle-Gro's corporate segment — severance costs?
- Scotts Miracle-Gro (SMG) reported corporate segment — severance costs of $21.5M in Q2 2026.
- What does corporate segment — severance costs mean?
- This metric represents the expenses incurred by the corporate segment related to employee termination benefits and separation packages. It serves as an indicator of organizational downsizing, structural shifts, or workforce optimization efforts within the company's central administrative functions.
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