Exhibit 99.1

 
AeroGrow Reports Results for the Fourth Quarter and Full Year Ended March 31, 2015

  
Sales increase 92% to $17.9 million for Fiscal Year 2015
  
Retail channel sales increase 209% YOY to $11.1 million
  
Adjusted EBITDA improves to a record $609,000 for the year

BOULDER, CO—(Marketwired – June 29, 2015) – AeroGrow International, Inc (OTCQB: AERO) (“AeroGrow” or the “Company”), which sells the Miracle-Gro AeroGarden® line of high output, soil-free indoor gardens, seed pod kits and hydroponic nutrients, today announced results for the fourth quarter and Fiscal Year (FY) ended March 31, 2015.

For the year ended March 31, 2015 the Company recorded total revenue of $17.9 million, an increase of 92% over the same period in the prior year.  Results for the quarter ended March 31, 2015 saw revenue increase 37% year over year to $3.6 million.  Adjusted EBITDA for the full year increased to $609,000, up $798,000 versus the prior year period.
 
“Our core strategy for FY 2015 was to grow at a rapid rate while generating at least a modest EBITDA profit, and I think our results are a strong validation of this approach,” said President and CEO J. Michael Wolfe.
 
 “Our growth was driven largely by sales in our Retail distribution channel, both on-line and in-store, which increased over 200% year over year.  We continued to show strong results with our on-line retail partners, including Amazon, Costco.com, Walmart.com, HomeDepot.com, and others.  This growth in the on-line channel actually accelerated in Q4, with sales at Amazon growing more than 270% year over year in the March quarter.
 
“We conducted in-store tests with various products at different price points and in a wide range of demographics and geographies.  These tests included Costco, Walmart and several others and our results varied widely – ranging from full sell-thru in some locations to very limited in others.  We learned a great deal from these tests and have developed a plan to drive promotions, product placement, pricing, and other factors in order to successfully build a strong in-store program over time.
 
“Our Direct-to-Consumer channel generated 21% growth year over year.  We’re quite pleased with this growth, after several years of decline in this channel, especially given all of the new retail distribution we opened up.  This additional distribution – while clearly generating more total sales for us – created quite a bit of competition for our web and catalog business.
 
“I am extremely proud of the progress that we’ve made here at AeroGrow.  Our focus for FY 2016 will be to continue growing our key distribution channels, including testing an international sales model.  In addition, we plan to continue our commitment to introducing innovative new products into the market, while emphasizing improved gross margins and profitability.”
 
 
 

The following information was filed by Aerogrow International, Inc. (AERO) on Monday, June 29, 2015 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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