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Scotts Miracle-Gro Grows Its '09 Guidance

Stock quotes in this article: SMG  

Scotts Miracle-Gro(SMG Quote) raised its guidance Wednesday, saying it expects 2009 earnings to land between $2.35 to $2.45 a share from previous estimates of $2.10 to $2.30 a share.

The Ohio-based company also said 2009 free cash flow will come to at least $180 million after previously forecasting free cash flow of between $150 million to $170 million.

The lawn care product company anticipates company-wide sales to increase 7% to 8% after excluding certain items, which comes to 4% to 5% for reporting purposes. ...

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