Scotts Miracle Gro CEO on Economy, Bringing Internet to Gardening

Scotts Miracle-Gro (SMG) - Get Report CEO Jim Hagedorn said the economy is improving. 'I think the American economy is doing better and better,' he said. 'That's on low expectations. I think we're doing better than a lot of other consumer companies and 0-2 percent growth is what we're planning our business on. We're generally doing better than that.' The company earned an adjusted profit of $3.15 a share, during its fiscal second quarter, according to a report released on Tuesday. Revenue rose 16 percent year-over-year to $1.25 billion, eclipsing Wall Street's estimates of $1.24 billion. The company also reaffirmed its full year adjusted earnings outlook of between $3.75 to $3.95 a share. TheStreet's Scott Gamm reports from the New York Stock Exchange