Exhibit 99.1
The Scotts Miracle-Gro Company

ScottsMiracle-Gro Announces Strong Fourth Quarter Results;
U.S. Consumer and Hawthorne Segments Exceed Expectations

U.S. Consumer segment sales increase 8% for full year, up 4% in Q4
Hawthorne sales increase 38% in Q4 driven by strong demand across U.S.
Full-year GAAP earnings of $7.77 per share; Q4 net loss of $0.99 per share
Non-GAAP adjusted full-year EPS of $4.47; Q4 adjusted loss of $0.91 per share
Company sets fiscal 2020 adjusted non-GAAP guidance of $4.95 to $5.15 per share on expected sales growth of 4 to 6%

MARYSVILLE, Ohio (November 6, 2019) - The Scotts Miracle-Gro Company (NYSE: SMG), the world’s leading marketer of branded consumer lawn and garden as well as indoor and hydroponic growing products, today released record fiscal fourth quarter and full year financial results that were driven by the continued strength of both its U.S. Consumer and Hawthorne reporting segments.

The Company also established guidance for fiscal 2020 that assumes company-wide sales growth of 4 to 6 percent, based on the continued strength of its two primary business segments, resulting in expected non-GAAP adjusted earnings growth in a range 11 to 15 percent.

For the year ended September 30, 2019, company-wide sales increased 18 percent to a record $3.16 billion, compared with $2.66 billion a year earlier. GAAP earnings from continuing operations were $7.77 per diluted share, compared with $2.23 per share in the prior year. Non-GAAP adjusted earnings, which is the basis of the Company’s guidance and excludes impairment, restructuring, and other one-time items, were $4.47 per share compared with $3.71 per share a year ago.

“Fiscal 2019 showed the strength of our business when we execute on all cylinders,” said Jim Hagedorn, chairman and chief executive officer. “New products accounted for 15 percent of our sales in our U.S. Consumer business, we saw growth in every major retail channel, and we drove increased consumer participation in nearly every category in our industry. In Hawthorne, we further established our clear leadership with indoor growers, improving our market share and growing our full-year sales 24 percent on an apples-to-apples basis.

“In all areas of the company our associates exceeded expectations and put us in a solid position to continue delivering strong results that enhance shareholder value in fiscal 2020.”
Fourth quarter details
Company-wide sales increased 15 percent to $497.7 million. U.S. Consumer increased 4 percent to $261.6 million from $252.6 million. Hawthorne sales increased 38 percent to $210.0 million compared with $152.2 million. The increase at Hawthorne was across nearly all product categories with strong growth in both legacy and emerging markets.

“The momentum in Hawthorne has been building all year and we saw our highest levels of organic growth in the fourth quarter, giving us a high degree of confidence as we look ahead into fiscal 2020,” Hagedorn said. “During the quarter, we reported strong growth - often above 50 percent - in established West Coast markets, especially


The following information was filed by Scotts Miraclegro Co (SMG) on Wednesday, November 6, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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