Scotts Miracle-Gro (SMG $44.11 -2.84) issued mixed earnings guidance
for fiscal year 2011 of $2.70 to $2.75 versus the $2.98 Capital IQ Consensus
Estimate; sees a 2% year/year revenue decline which calculates to $3.07 billion
versus the $2.85 billion Capital IQ Consensus Estimate.
The company stated it expects to report a 2% decline in sales for fiscal 2011
when it issues its full-year financial results. The sales shortfall, coupled
with associated gross margin pressure, will likely result in adjusted net
earnings. The reduced outlook stems primarily from an unexpected year-over-year
decline in consumer purchases in the U.S. during September.






