Marysville, Ohio-Scotts Miracle-Gro Co. said Nov. 11 that it is in discussions with several of its largest retail partners in the U.S. to provide private label lawn fertilizer and growing media products for fiscal 2009 and possibly beyond. The discussions stem from the recent announcement by Spectrum Brands that it intends to exit those segments of the category. “We believe we are uniquely positioned to leverage our supply chain and sales force to help our retailers meet all of their needs,” said Jim Hagedorn, Scotts chairman and CEO. “The discussions we have been having with a variety of retail partners have been productive and, we believe, could be mutually beneficial to both them and Scotts Miracle-Gro.” The company reiterated its previous outlook for fiscal 2009 of adjusted net income of $2.00 per share on nominal sales growth. It does not anticipate updating that guidance during the current fiscal quarter.
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