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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GrowGeneration (GRWG) witnesses year-over-year decline in retail revenues, e-commerce revenues and non-retail operations in Q3.

GrowGeneration (GRWG) Q3 Earnings Miss, Revenues Dip Y/Y

GrowGeneration Corp. (NASDAQ:GRWG ) Q3 2023 Earnings Conference Call November 8, 2023 4:30 PM ET Corporate Participants Clay Crumbliss - ICR Darren Lampert - Co-Founder & Chief Executive Officer Greg Sanders - Chief Financial Officer Conference Call Participants Aaron Grey - Alliance Global Partners Andrew Carter - Stifel Eric Des Lauriers - Craig-Hallum Capital Group Brian Nagel - Oppenheimer Scott Fortune - ROTH MKM Mark Smith - Lake Street Capital Markets Operator Hello and welcome to GrowGeneration's Third Quarter 2023 Earnings Conference Call. My name is Teri, and I will be coordinating your call today.

GrowGeneration Corp. (GRWG) Q3 2023 Earnings Call Transcript

DENVER--(BUSINESS WIRE)--GrowGeneration Corp. (NASDAQ: GRWG) (“GrowGen” or the “Company”), the largest chain of specialty hydroponic and organic garden centers in the United States with 50 stores across 18 states, today reported financial results for the third quarter ended September 30, 2023. Third Quarter 2023 Highlights Net sales decreased 13% quarter-over-quarter to $55.7 million Comparable store sales decreased 14.4% to the prior year Gross profit margin of 29.1%, increase of 320 basis poi.

GrowGeneration Reports Third Quarter 2023 Financial Results

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DENVER--(BUSINESS WIRE)--GrowGeneration Corp. (NASDAQ: GRWG) (“GrowGen” or the “Company”), the largest chain of specialty hydroponic and organic garden centers in the United States, today announced it will release its financial results for the third quarter ended September 30, 2023 on Wednesday, November 8, 2023 after market close. The announcement will be followed by a live earnings conference call at 4:30 p.m. ET. To participate in the call, please dial (888) 664-6392 (domestic) or (416) 764-.

GrowGeneration Schedules Third Quarter 2023 Earnings Release Conference Call for November 8, 2023

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GrowGeneration Corp. (NASDAQ:GRWG ) Q2 2023 Earnings Conference Call August 8, 2023 4:30 PM ET Company Participants Clay Crumbliss - ICR Darren Lampert - Co-Founder & Chief Executive Officer Greg Sanders - Chief Financial Officer Conference Call Participants Aaron Grey - Alliance Global Partners Brian Nagel - Oppenheimer Andrew Carter - Stifel Eric Des Lauriers - Craig-Hallum Capital Group Scott Fortune - ROTH MKM Mark Smith - Lake Street Capital Markets Glenn Mattson - Ladenburg Thalmann & Co. Operator Hello, and welcome to GrowGeneration's Second Quarter 2023 Earnings Conference Call. My name is Chris, I'll be coordinating your call today.

GrowGeneration Corp. (GRWG) Q2 2023 Earnings Call Transcript

DENVER--(BUSINESS WIRE)--GrowGeneration Corp. (NASDAQ: GRWG) (“GrowGen” or the “Company”), the largest chain of specialty hydroponic and organic garden centers in the United States with 62 stores across 18 states, today reported financial results for the second quarter ended June 30, 2023. Second Quarter 2023 Highlights Net sales increased 12% quarter-over-quarter to $63.9 million Comparable store sales decreased 15.1% to the prior year Gross profit margin of 26.8%, decrease of 1.7% to the prio.

GrowGeneration Reports Second Quarter 2023 Financial Results

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