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GrowGeneration Reports Third Quarter 2025 Financial Results
Globenewswire· 2025-11-06 21:05
Core Insights - GrowGeneration Corp. reported a significant improvement in financial performance for Q3 2025, with a net loss of $2.4 million, a $9.0 million improvement year-over-year, and positive Adjusted EBITDA of $1.3 million, marking the strongest profitability in four years [1][3][9][10]. Financial Performance - Net sales reached $47.3 million for Q3 2025, exceeding guidance by nearly $6 million, but down from $50.0 million in Q3 2024 [4][6]. - Cultivation and Gardening net sales were $38.4 million, a decrease from $41.4 million year-over-year, attributed to fewer retail locations [4][6]. - Gross profit increased to $12.9 million, with a gross profit margin of 27.2%, up from 21.6% in the prior year [6][7]. Cost Management - Store operating expenses declined by 27.8% year-over-year to $7.2 million, while total operating expenses decreased by 31.5% to $15.7 million [8][9]. - Selling, general, and administrative expenses improved by 22.9% to $5.7 million compared to the same period in 2024 [8]. Proprietary Brands - Proprietary brand sales accounted for 31.6% of Cultivation and Gardening net sales, up from 23.8% in the previous year, indicating a successful strategic initiative [5][6]. Future Outlook - The company anticipates fourth-quarter revenue of approximately $40 million and expects continued positive revenue growth and Adjusted EBITDA in 2026 [3][13]. - Management aims for proprietary brands to represent about 40% of segment revenue in 2026, further supporting margin expansion and customer loyalty [3].
GrowGeneration Schedules Second Quarter 2025 Earnings Release Conference Call for August 11, 2025
Globenewswire· 2025-07-30 12:00
Core Viewpoint - GrowGeneration Corp. will release its financial results for the second quarter ended June 30, 2025, on August 11, 2025, after market close, followed by a live earnings conference call [1]. Company Overview - GrowGeneration Corp. is the largest specialty retailer of hydroponic and organic gardening products in the United States [3]. - The company offers a wide range of products including nutrients, additives, growing media, lighting, environmental control systems, and proprietary brands such as Charcoir, Drip Hydro, Power Si, Ion lights, and The Harvest Company [3]. - GrowGeneration operates an online superstore for cultivators and has a wholesale business for resellers, as well as a benching, racking, and storage solutions business called Mobile Media or MMI [3]. Earnings Call Information - To participate in the earnings call, domestic participants can dial 1-(888)-699-1199 and international participants can dial 1-(416)-945-7677, using the conference code 53471 [2]. - The call will be webcast and accessible through the Investor Relations section of the GrowGeneration website, with a replay available approximately two hours after the call for about 90 days [2].
GrowGeneration to Exhibit Industry-Leading Cultivation Innovations for Lawn & Garden, Greenhouse, and Nursery Markets at Cultivate’25
Globenewswire· 2025-07-10 12:00
Core Insights - GrowGeneration Corp. is the largest specialty retailer of hydroponic and organic gardening products in the U.S. and will showcase innovations at Cultivate'25 from July 12-15, 2025 [1][2] Company Overview - GrowGeneration offers a wide range of products including nutrients, additives, growing media, lighting, and environmental control systems, featuring proprietary brands like Charcoir, Drip Hydro, and The Harvest Company [6] Event Participation - At Cultivate'25, GrowGeneration will present its proprietary portfolio of cultivation products and services tailored for modern greenhouse, nursery, and commercial growing operations [2][3] Product Innovations - The company will highlight new and proven products from its brands, including Viagrow, Charcoir, Drip Hydro, and Ion lights, emphasizing its commitment to innovation and performance [3][5] Expansion Strategy - GrowGeneration is expanding into the lawn, garden, and nursery sectors through The Harvest Company and Viagrow, providing scalable, retail-ready solutions for growers nationwide [3]
GrowGeneration to Participate in the Benzinga Cannabis Capital Conference on June 8-10, 2025
Globenewswire· 2025-06-03 12:00
Core Insights - GrowGeneration Corp. is the largest specialty retailer of hydroponic and organic gardening products in the United States [3] Group 1: Company Participation in Events - GrowGeneration's CEO Darren Lampert, President Michael Salaman, CFO Greg Sanders, and VP of Sales Matthew Koch will participate in the Benzinga Cannabis Capital Conference from June 8-10, 2025, in Chicago [1] - Lampert and Koch will engage in a panel discussion titled "Can the Sun Compete with the Socket? Greenhouse vs Indoor in the Fight for Premium Pricing" on June 10, 2025, at 4:20 p.m. Central Time [2] - The company will host one-on-one meetings during the conference for interested parties [2] Group 2: Company Overview - GrowGeneration offers a wide range of products including nutrients, additives, growing media, lighting, environmental control systems, and proprietary brands such as Charcoir, Drip Hydro, and Power Si [3] - The company operates an online superstore for cultivators at growgeneration.com and has a wholesale business for resellers, as well as a benching, racking, and storage solutions business called Mobile Media or MMI [3]