Scotts Miraclegro Co (SMG) SEC Filing 10-K Annual report for the fiscal year ending Thursday, September 30, 2010

Exhibit 99.1

The Scotts Miracle-Gro Company

ScottsMiracle-Gro Announces Record Results for Fiscal 2010;
Strong Demand Continues to Drive Global Consumer Growth

MARYSVILLE, Ohio (November 4, 2010) – The Scotts Miracle-Gro Company (NYSE: SMG), the world’s leading marketer of branded consumer lawn and garden products, today announced that company-wide sales in fiscal 2010 increased 5 percent to a record $3.14 billion, driven by continued strength in the core U.S. consumer business.

Adjusted income from continuing operations – which excludes the impact of product registration and recall costs as well as impairment charges – was a record $230.7 million, or $3.41 per share, exceeding the Company’s previous guidance. Under U.S. generally accepted accounting principles (GAAP), the Company posted income from continuing operations for the year of $212.4 million, or $3.14 per share, an increase of 34 percent from fiscal 2009.

“Every business unit exceeded its original plan, leading to record performance in fiscal 2010,” said Jim Hagedorn, chairman and chief executive officer. “The strength of the core consumer business in particular demonstrates the resiliency of the lawn and garden category, especially of our brands. The strong spring season was followed by a challenging summer. However, fall lawn care activity is the highest we have ever experienced.

“We are extremely pleased with our performance in 2010 and we’re confident that the continued level of consumer and retailer engagement in the category gives us strong momentum as we prepare for the 2011 season.”

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