ScottsMiracle-Gro Sees Q1 EPS of $(1.20)-(1.25) vs $(1.13) Est

The Scotts Miracle-Gro Company (NYSE: SMG) today reiterated its outlook for fiscal 2012, although it expects results for its first quarter to be materially below the comparable period from fiscal 2011.

Sales for the period ending December 31 are expected to decline approximately $30 million from the same quarter a year ago. The adjusted net loss in the quarter is expected to range from $70 million to $75 million compared, or about $1.20 to $1.25 per share. That compares with a net loss of $65.6 million, or $0.99 per share, in fiscal 2011.