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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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FOURTH QUARTER RESULTS

Company-wide sales for the quarter ended September 30 were $475.7 million, a decrease of 9 percent from the same period a year ago. It is important to note that the quarter had five fewer days than in 2009 due to a shift in the fiscal calendar. Those days accounted for $37.7 million in sales in 2009. For fiscal 2010, Global Consumer sales decreased 10 percent to $335.1 million from $373.2 million for the same period a year ago. Excluding the impact of foreign exchange, sales in the United States decreased 13 percent and International sales increased 3 percent.

“The sales decline in the quarter is in line with expectations due to the calendar shift and early season increases in retail inventory levels,” Hagedorn said. “The strong consumer activity we have seen throughout the fall lawn care season is allowing us to finish the fall season with appropriate levels of retail inventory, which leaves us well positioned for next year’s growing season.”

Scotts LawnService reported sales of $79.2 million, down 2 percent from the comparable quarter in 2009. Global Professional sales declined by 11 percent to $61.6 million. Excluding the impact of changes in foreign currency, sales declined 8 percent.

On an adjusted basis, the company-wide gross margin rate increased to 30.0 percent in the quarter, compared with 29.3 percent a year earlier. Selling, general and administrative expenses (SG&A) were $166.3 million, down 6 percent from $177.2 million a year earlier. The decrease was primarily driven by a strong focus on controlling non-revenue generating expenses. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) was a loss of $13.1 million, compared with a loss of $9.1 million a year ago.

The Company reported an adjusted loss from continuing operations of $19.1 million in the quarter, or $0.29 per share, compared with $23.2 million, or $0.36 per share a year earlier. On a reported basis, the quarterly loss from continuing operations was $33.6 million, or $0.51 per share, compared with $27.3 million, or $0.42 per share, in the prior year. The quarter included an $18.5 million non-cash asset impairment charge primarily related to certain brands and sub-brands that have been discontinued or de-emphasized.

FULL-YEAR RESULTS

Company-wide sales for the year improved 5 percent to a record $3.14 billion, while foreign exchange had an inconsequential impact on consolidated sales.

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Global Consumer sales increased 7 percent to $2.65 billion and improved by 6 percent when excluding the impact of foreign currency. Growth was driven solely by increased unit volume. Scotts LawnService sales decreased 3 percent to $224.1 million. Global Professional sales were $266.9 million, an increase of 1 percent. Excluding the impact of foreign exchange, Global Professional sales were essentially flat.

On an adjusted basis, the company-wide gross margin rate improved 70 basis points to 36.6 percent, driven primarily by supply chain improvements and favorable product mix. SG&A increased 1 percent for the year to $746.7 million despite a double-digit increase in advertising spending and incurring costs to establish five regional offices in the U.S.

“The investments we are making are helping improve our competitive position and will be key to our continued growth and success,” said Dave Evans, chief financial officer. “Those increased investments are being largely offset by cost reductions elsewhere, allowing us to realize our goal of driving leverage through our income statement.”

Company-wide operating income was $384.6 million, which includes the impact of product registration and recall costs, as well as asset impairment. Operating income on a segment basis is as follows: Global Consumer, $504.1 million; Scotts LawnService, $24.3 million; and Global Professional, $12.1 million.

Adjusted EBITDA increased 25 percent to $438.0 million. Adjusted income from continuing operations was $230.7 million, or $3.41 per share, compared with $172.9 million, or $2.62 per share a year earlier. Income from continuing operations on a GAAP basis was $212.4 million, or $3.14 per share, compared with $154.6 million, or $2.34 per share, in 2009.

In addition to the previously mentioned impairment charge, the adjusted results for 2010 exclude $8.7 million of pre-tax costs associated with product recalls and registration matters. The adjusted results for 2009 exclude $28.6 million of pre-tax costs associated with product recalls and registration issues.

The Company reported $213 million in free cash flow, which is defined as cash provided by operating activities, as defined by GAAP, less capital expenditures.

The Company will discuss its fourth quarter and full-year results during a Webcast and conference call at 9 a.m. Eastern Time today. The call will be available live on the Investor Relations section of the ScottsMiracle-Gro Web site, http://investor.scotts.com.

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An archive of the Webcast, as well as accompanying financial information regarding any non-GAAP financial measures discussed by the Company during the call, will be available on the Web site for at least 12 months.

About ScottsMiracle-Gro
With approximately $3 billion in worldwide sales, The Scotts Miracle-Gro Company, through its wholly-owned subsidiary, The Scotts Company LLC, is the world’s largest marketer of branded consumer products for lawn and garden care, with products for professional horticulture as well. The Company’s brands are the most recognized in the industry. In the U.S., the Company’s Scotts®, Miracle-Gro® and Ortho® brands are market-leading in their categories, as is the consumer Roundup® brand, which is marketed in North America and most of Europe exclusively by Scotts and owned by Monsanto. In the U.S., we operate Scotts LawnService®, the second largest residential lawn care service business. In Europe, the Company’s brands include Weedol®, Pathclear®, Evergreen®, Levington®, Miracle-Gro®, KB®, Fertiligène® and Substral®. For additional information, visit us at www.scotts.com.

Cautionary Note Regarding Forward-Looking Statements
Statements contained in this press release, other than statements of historical fact, which address activities, events and developments that the Company expects or anticipates will or may occur in the future, including, but not limited to, information regarding the future economic performance and financial condition of the Company, the plans and objectives of the Company’s management, the Company’s assumptions regarding such performance and plans, as well as the amount and timing of repurchases of the Company’s common shares are “forward-looking statements” within the meaning of the U.S. federal securities laws that are subject to risks and uncertainties. These forward-looking statements generally can be identified as statements that include phrases such as “guidance,” “outlook,” “projected,” “believe,” “target,” “predict,” “estimate,” “forecast,” “strategy,” “may,” “goal,” “expect,” “anticipate,” “intend,” “plan,” “foresee,” “likely,” “will,” “should” or other similar words or phrases. Actual results could differ materially from the forward-looking information in this release due to a variety of factors, including, but not limited to:

Additional detailed information concerning a number of the important factors that could cause actual results to differ materially from the forward-looking information contained in this release is readily available in the Company’s publicly filed quarterly, annual and other reports. The Company disclaims any obligation to update developments of these risk factors or to announce publicly any revision to any of the forward-looking statements contained in this release, or to make corrections to reflect future events or developments.

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Contact:
Jim King
Senior Vice President
Investor Relations & Corporate Affairs
(937) 578-5622

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