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.

GrowGeneration's (GRWG) new store location will open on June 27, which takes its total number of hydroponic garden store locations to 64 in the United States.

GrowGeneration (GRWG) to Open 1st Hydroponic Store in Mississippi

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DENVER--(BUSINESS WIRE)--GrowGeneration Corp. (NASDAQ: GRWG) (“GrowGen” or the “Company”), the nation's largest chain of specialty hydroponic and organic garden centers, today announced the opening of a new hydroponic garden center to serve the emerging Mississippi market. The new store at 4251 Industrial Drive in Jackson becomes the first in Mississippi, and the Company's 64th store nationwide and will expand the number of states the Company operates in to 14. The store will open on June 27, 2

GrowGeneration Announces Jackson, Mississippi Store Opening June 27, 2022

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DENVER--(BUSINESS WIRE)--GrowGeneration Corp. (NASDAQ: GRWG) (“GrowGen” or the “Company”), the nation's largest chain of specialty hydroponic and organic garden centers, today announced that select stores will begin selling Drip Hydro. Drip Hydro was developed by Rex Gill, founder of Power Si, the original patented formula of mono-silicic acid for crops, along with Robert (Bear) Masterson, the former owner of The Harvest Company. Drip Hydro was designed to improve quality, reduce costs, and dri

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GrowGeneration (GRWG) reports a drop in Q1 revenues due to the ongoing weakness in the cannabis industry. It lowers revenue guidance to $340 and $400 million for 2022.

GrowGeneration (GRWG) Q1 Earnings Miss, Trims '22 Outlook

GrowGeneration Corp. (NASDAQ:GRWG ) Q1 2022 Earnings Conference Call May 10, 2022 5:00 PM ET Company Participants Clay Crumbliss - Managing Director Darren Lampert - Co-Founder and Chief Executive Officer Jeff Lasher - Chief Financial Officer Conference Call Participants Brian Nagel - Oppenheimer Aaron Grey - Alliance Global Partners Andrew Carter - Stifel Scott Fortune - ROTH Capital Glenn Mattson - Ladenburg Thalmann Ryan Meyers - Lake Street Capital Markets Operator Please stand by. Good day everyone and welcome to GrowGeneration First Quarter 2022 Earnings Call.

GrowGeneration Corp. (GRWG) CEO Darren Lampert on Q1 2022 Results - Earnings Call Transcript

GrowGeneration (GRWG) delivered earnings and revenue surprises of -12.50% and 1.74%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

GrowGeneration (GRWG) Reports Q1 Loss, Lags Revenue Estimates

DENVER--(BUSINESS WIRE)--GrowGeneration Corp. (NASDAQ: GRWG) (“GrowGen” or the “Company”), the largest chain of specialty hydroponic and organic garden centers with 63 locations across 13 states, today reported financial results for the first quarter ended March 31, 2022. First Quarter 2022 Highlights Compared to Prior-Year Period Net sales declined 9.2% to $81.8 million driven by softer industry demand Comparable store sales for the quarter decreased 35.5% Net loss of $5.2 million compared to

GrowGeneration Reports First Quarter 2022 Financial Results

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GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--GrowGeneration Corp. (NASDAQ:GRWG), (“GrowGen” or the “Company”) today announced it will release its financial results for the first quarter ended March 31, 2022 on Tuesday, May 10, 2022 after the market close. The announcement will be followed by a live earnings conference call at 5:00 p.m. EST. To participate in the call, please dial (800) 289-0438 (domestic) or (647) 484-0478 (international). The conference code is 219309. The call will also be webc

GrowGeneration To Announce First Quarter 2022 Financial Results on Tuesday, May 10, 2022

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