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.”

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 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.”

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.