GrowGeneration Corp

GrowGeneration Corp. engages in the retail of hydroponic and organic specialty gardening products. It offers lighting fixtures, nutrients, seeds and growing media systems, trays, fans, filters, humidifiers and dehumidifiers, timers, instruments, water pumps, irrigation supplies, and hand tools. The company was founded by Darren Lampert and Michael Salaman on March 6, 2014 and is headquartered in Greenwood Village, CO.

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GrowGeneration Corp reports sequential revenue growth and margin normalization

GrowGeneration Corp's Q4 2022 performance showed sequential revenue growth and gross margin normalization. The company is focused on cost control, cash generation, and maintaining a strong balance sheet.
Strengths include investments in store expansion, product portfolio enhancement, and private label penetration growth. Challenges include market dynamics in California and the need for same-store sales growth.
Opportunities lie in private label growth, equipment refresh cycles, and capitalizing on industry trends. The company is optimistic about 2023 and aims to right-size the business for future growth.

GrowGeneration Corp reports solid Q1 performance and eyes growth opportunities

GrowGeneration Corp's Q1 performance showed solid revenue, margin, and cash position, with a focus on profitability and growth initiatives. The company is optimistic about future growth but cautious about near-term uncertainties.
Strengths lie in financial stability, strategic focus on margin expansion, and commitment to long-term profitability. Challenges include weather impacts and managing costs effectively.
Opportunities include geographic expansion, increased commercial projects, and legislative developments, aligning with the company's growth strategy and market positioning.

GrowGeneration Corp reports Q2 revenue growth amidst industry challenges

GrowGeneration Corp's Q2 performance showed revenue growth but also highlighted challenges in the cannabis industry and store closures in weak markets. Despite facing headwinds, the company remains focused on profitability, inventory management, and strategic expansion.

GrowGeneration Corp reports Q3 revenue decline, eyes federal reform impact

GrowGeneration Corp navigated challenges in Q3 2023 with a focus on profitability, margin expansion, and strategic store consolidations.
Optimism surrounds future growth, driven by private label products, potential federal reform impacts, and a strong financial position.
Inventory management and product mix enhancements position the company for improved efficiency and growth in the coming quarters.
Despite short-term challenges, GrowGen's strategic initiatives and readiness for market changes indicate a resilient and forward-looking approach.

GrowGeneration Corp beats revenue targets, eyes profitability and expansion

GrowGeneration Corp (GRWG) exceeded revenue guidance in 2023 and started 2024 strong. Focus on profitability and brand expansion for 2024.
Cost optimization efforts and new segmentation into key segments. Positive outlook despite industry challenges and store closures impact.
Opportunities for revenue growth, margin improvement, and strategic acquisitions. Company remains conservative in cash use and optimistic about growth.
Gross margin benefited from private label products and partnerships. Balance sheet strength to be maintained with potential for strategic opportunities.

GrowGeneration Corp reports revenue growth and margin expansion strategies

GrowGeneration Corp showed revenue growth and positive same-store sales comp in Q1 2024.
The company is strategically focusing on margin expansion, brand portfolio expansion, and profitability.
While facing challenges in certain geographies and financial losses, opportunities lie in proprietary brands and market expansions.
Continued investments in B2B portals and customer credit offerings highlight a commitment to growth and customer relationships.

GrowGeneration Corp reports Q3 results, focuses on profitability and growth

GrowGeneration Corp's Q3 performance reflected a focus on profitability and key growth initiatives despite challenges. The company maintains a strong cash position and reiterated full-year revenue guidance.
Strengths include a strong cash position, focus on margin expansion, and the launch of a B2B e-commerce portal. Challenges include net loss, negative adjusted EBITDA, and industry headwinds.
Opportunities lie in B2B customer growth, margin expansion, and strategic business optimization. Cautious optimism surrounds potential legislative changes and industry growth prospects.

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GrowGeneration Corp. engages in the development, marketing, retail, and distribution of hydroponic products and services. It operates through the following segments: Cultivating and Gardening, Storage Solutions, and Corporate. The Cultivating and Gardening segment includes hydroponic and organic gardening business. The Storage Solutions segment involves benching and racking. The company was founded by Darren Lampert and Michael S. Salaman on March 6, 2014 and is headquartered in Greenwood Village, CO.

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DENVER, Dec. 14, 2021 /PRNewswire/ - GrowGeneration Corp. (NASDAQ: GRWG), ("GrowGen" or the "Company") the nation's largest chain of specialty hydroponic and organic garden centers, today announced the retirement of Tony Sullivan, executive vice president and chief operating officer effective immediately.  "During his tenure, Tony contributed a great deal to GrowGen, contributing to every part of our operation," said Darren Lampert, GrowGen's CEO.

GrowGeneration Announces Retirement of Tony Sullivan, EVP, and COO

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DENVER, Dec. 6, 2021 /PRNewswire/ - GrowGeneration Corp. (NASDAQ: GRWG), ("GrowGen" or the "Company") the nation's largest chain of specialty hydroponic and organic garden centers, today announced the relocation of its Phoenix, Arizona store. The new 25,000 sq.

GrowGeneration Relocates to New 25,000 Sq. Ft. Super Hydroponic Garden Center in Phoenix, Arizona

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GrowGeneration's (GRWG) Q3 results benefit from growth in the e-commerce channel and improvement in same-store sales.

GrowGeneration (GRWG) Q3 Earnings Lag Estimates, Revenues Up

DENVER, Nov. 12, 2021 /PRNewswire/ - GrowGeneration Corp. (NASDAQ: GRWG), ("GrowGen" or the "Company") the largest chain of specialty hydroponic and organic garden centers, announced today that the Company will participate in the following virtual Investor Conferences. Jefferies Virtual West Coast Consumer Conference Wednesday, November 17 at 1:10 pm EST.

GrowGeneration Corp. to Participate in Upcoming Virtual Conferences

A record quarter wasn't good enough for the market. Investors in GrowGeneration and GRWG stock saw losses in early trading today.

GrowGeneration Reported a Record Quarter. Here's Why GRWG Stock Is Still Falling.

GrowGeneration Corp. (GRWG) CEO Darren Lampert on Q3 2021 Earnings Conference Call - Earnings Call Transcript

GrowGeneration Corp (NASDAQ: GRWG) reported third-quarter FY21 sales growth of 110.8% year-on-year, to $116 million, beating the analyst consensus of $114.78 million. Comparable store sales for the quarter increased 15.7% versus last year.

GrowGeneration Stock Slumps On Q3 EPS Miss, Reduced FY21 Outlook

GrowGeneration Corp. GRWG, -6.71% shares fell 12% in premarket trades on Thursday after the hydroponic gardening retailer said it expects 2021 revenue of $435 million to $440 million, short of the analyst target of $448.4 million. The company reported third-quarter net income of $4 million, or 7 cents a share, up from $3.3 million, or 6 cents a share, in the year-ago quarter.

GrowGeneration shares sink on revenue view

Record Revenue increased 111% to $116.0 million Adjusted EBITDA of $10.8 million for the third quarter Comparable store sales for the quarter increased 15.7% from prior year Earnings of $0.07 per share in the quarter 2021 Full Year revenue guidance updated to $435 to $440 million Adjusted EBITDA guidance updated to $41 million to $43 million DENVER, Nov. 11, 2021 /PRNewswire/ - GrowGeneration Corp. (NASDAQ: GRWG), ("GrowGen" or the "Company"), the largest chain of specialty hydroponic and organic garden centers with 62 locations across 13 states, today reported record third quarter 2021 revenues of $116.0 million, versus $55.0 million in the same period last year. The Company also reported third quarter 2021 GAAP net income of approximately $4.0 million compared to net income of $3.3 million in the same period last year.

GrowGeneration Reports Record Third Quarter 2021 Financial Results

GrowGeneration's (GRWG) third-quarter 2021 results are likely to reflect gains from acquisitions, ongoing momentum in both retail and online sales, and its focus on margin expansion strategies.

What's in the Cards for GrowGeneration's (GRWG) Q3 Earnings?

News for GrowGeneration Corp Stock (GRWG)