2004 Earnings and Sales guidance

• Company-wide sales: 6-7 percent

  • North America 6-8 percent
  • International 2-3 percent
  • Scotts LawnService 16-18 percent

• Adjusted net income*: At least 10 percent

* Excludes restructuring and other charges

Record sales and earnings growth anticipated despite increased expense for stock options and litigation as well as continued growth of advertising spend

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