Agribusiness  November 13, 2019

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.”

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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…

Ken Amundson
Ken Amundson is managing editor of BizWest. He has lived in Loveland and reported on issues in the region since 1987. Prior to Colorado, he reported and edited for news organizations in Minnesota and Iowa. He's a parent of two and grandparent of four, all of whom make their homes on the Front Range. A news junkie at heart, he also enjoys competitive sports, especially the Rapids.
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