AeroGrow sees quarterly sales shrivel
BOULDER — AeroGrow International Inc. (OTCQB: AERO), the Boulder-based producer of the AeroGarden kitchen garden appliance, posted net revenue of $4.4 million in the second quarter of fiscal year 2019, a 48 percent drop off from the same period last year.
Losses in the quarter topped $1.1 million. AeroGrow posted $672,000 in the second quarter of 2018.
“Obviously the headline of our second quarter will be the sales decline,” AeroGrow CEO J. Michael Wolfe said in a prepared statement. “While no one ever wants to see a drop in sales, we believe this is simply a timing issue resulting from the changing retail landscape. We have been working closely with several of our key retail partners — namely Amazon, Kohl’s and Bed, Bath and Beyond — to ship all or a majority of their holiday season load-in orders later this year than in the past at their request.”
SPONSORED CONTENT
Business Cares: March 2024
WomenGive, a program of United Way of Larimer County, was started in Larimer County in 2006 as an opportunity for women in our community to come together to help other women.
The firm signed a seven-year lease earlier this year and moved into a new 14,630-square-foot facility on Spine Road in Boulder.
BOULDER — AeroGrow International Inc. (OTCQB: AERO), the Boulder-based producer of the AeroGarden kitchen garden appliance, posted net revenue of $4.4 million in the second quarter of fiscal year 2019, a 48 percent drop off from the same period last year.
Losses in the quarter topped $1.1 million. AeroGrow posted $672,000 in the second quarter of 2018.
“Obviously the headline of our second quarter will be the sales decline,” AeroGrow CEO J. Michael Wolfe said in a prepared statement. “While no one ever wants to see a drop in sales, we believe this is simply a…
THIS ARTICLE IS FOR SUBSCRIBERS ONLY
Continue reading for less than $3 per week!
Get a month of award-winning local business news, trends and insights
Access award-winning content today!