Welcome to our dedicated page for Growgeneration news (Ticker: GRWG), a resource for investors and traders seeking the latest updates and insights on Growgeneration stock.
GrowGeneration Corp (GRWG) operates as a leading specialty retailer in hydroponic systems and organic gardening supplies, serving commercial cultivators and urban growers through its national retail network and e-commerce platform. This dedicated news hub provides investors and industry stakeholders with verified updates about the company's strategic developments.
Access official press releases, financial reports, and operational announcements covering GRWG's cultivation solutions, storage innovations, and market expansions. Our curated collection ensures timely access to earnings disclosures, leadership changes, product launches, and partnership agreements while maintaining strict compliance with financial reporting standards.
Key content categories include quarterly financial results, facility openings, technological advancements in indoor farming equipment, and sustainability initiatives. Bookmark this page for direct access to primary-source information about GRWG's position in the horticulture retail sector, without promotional commentary or speculative analysis.
GrowGeneration (NASDAQ: GRWG) reported its Q4 and full-year 2024 financial results, with annual net sales of $188.9 million, including proprietary brand sales of $39.5 million. The company's proprietary brand sales increased to 24.2% of cultivation and gardening net sales, up from 18.8% in 2023.
Key financial metrics include a full-year gross profit margin of 23.1%, down from 27.1% in 2023, and a net loss of $49.5 million compared to $46.5 million in 2023. The company ended 2024 with $56.5 million in cash and no debt.
During 2024, GrowGen consolidated 19 retail locations, reducing its footprint to 31 stores across 12 states. For 2025, the company projects revenue between $170-180 million, with Adjusted EBITDA ranging from a $2 million loss to a $2 million profit, and expects gross profit margins of 29-31%.
GrowGeneration (NASDAQ: GRWG), a leading retailer and distributor of specialty hydroponic and organic gardening products in the United States, has announced its participation in the upcoming 37th Annual ROTH Conference. The event will take place in Dana Point, California, from March 16-18, 2025.
The company will be conducting one-on-one meetings during the conference. Interested investors can schedule meetings with GrowGen management either through ROTH MKM or by emailing GrowGen@kcsa.com.
GrowGeneration Corp. (NASDAQ: GRWG), one of the largest retailers and distributors of specialty hydroponic and organic gardening products in the United States, has announced it will release its financial results for the fourth quarter and full year ended December 31, 2024, on Thursday, March 13, 2025, after market close.
The announcement will be followed by a live earnings conference call at 4:30 p.m. ET. Interested participants can dial 1-(888)-699-1199 (domestic) or 1-(416)-945-7677 (international) using the conference code 00406.
The call will also be webcast and can be accessed through the Investor Relations section of the GrowGeneration website at ir.growgeneration.com. A replay of the webcast will be available approximately two hours after the conclusion of the call and will remain accessible for approximately 90 calendar days.
GrowGeneration Corp. (NASDAQ: GRWG), a leading retailer and distributor of specialty hydroponic and organic gardening products in the United States, has announced its participation in the upcoming Oppenheimer 10th Annual Emerging Growth Conference. The virtual event is scheduled for February 25-26, 2025.
The company will be conducting one-on-one meetings throughout the conference. Interested parties can schedule meetings through their Oppenheimer representative or by contacting GrowGen directly via email at GrowGen@kcsa.com.
GrowGeneration (NASDAQ: GRWG) reports significant transformation in 2024, focusing on B2B operations and proprietary brand growth. The company achieved over 30% of cultivation and gardening revenue from proprietary products in Q4 2024, targeting 35% by end of 2025.
Preliminary 2024 results show anticipated net sales of $188-190 million, proprietary brand sales of $39-40 million, and storage solutions sales of $25-26 million. The company maintains a debt-free balance sheet with over $56 million in cash and equivalents.
Key developments include launching a new B2B e-commerce platform, streamlining operations to 31 stores and two distribution centers, and implementing cost-reduction measures expected to save $12 million annually. The company's focus on proprietary brands like Char Coir Coco, Drip Hydro nutrients, and Ion LED lighting solutions aims to drive higher margins and recurring revenue.
GrowGeneration (NASDAQ: GRWG) announced the launch of three new premium product lines across its proprietary brands portfolio. The company introduced the ION 135 Watt Under Canopy LED Light in November, with plans to release pest management traps under The Harvest Company brand and Char Coir Crush Pots in December. These launches increase GrowGen's proprietary product SKU count to over 220. The initiative aligns with the company's goal to have proprietary brand sales represent 35% of total gardening sales by the end of 2025, as part of their profitability strategy focusing on higher margin sales growth.
GrowGeneration (NASDAQ: GRWG) reported its Q3 2024 financial results, noting a 10.2% decline in net sales to $50.0 million due to 25 fewer retail locations. Despite this, same-store sales increased 12.5% year-over-year, and proprietary brand sales rose to 23.8% from 19.4% in Q3 2023. The company reported a net loss of $11.4 million, compared to a $7.3 million loss in the prior year. Operating expenses fell by 5.4% to $22.9 million, while gross profit margin decreased to 21.6% from 29.1% due to restructuring activities. Adjusted EBITDA showed a loss of $2.4 million, down from a $0.9 million loss last year. The company retains a strong cash position with $55.2 million and no debt. CEO Darren Lampert highlighted progress in strategic restructuring and plans to launch an e-commerce portal in Q4 2024. Full-year 2024 net sales are projected to range between $190 million and $195 million.
GrowGeneration (NASDAQ: GRWG), a leading retailer of hydroponic and organic gardening products, announced a webinar co-hosted with MJ Biz Daily titled 'Scaling Success: Building a Profitable Cultivation Business' scheduled for November 12th at 2:00p.m. ET.
The webinar will focus on optimizing cultivation operations, building cost-efficient facilities, and exploring product innovation's role in yield improvement. Speakers include Matt Koch (VP of Commercial Sales), Travis Goldstein (Director of Market Development), and Sean Reardon (Commercial Sales Account Manager, East), alongside two commercial grower influencers.
The event will also showcase GrowGen's new commercial division, aimed at helping cultivators scale their operations effectively.
GrowGeneration (NASDAQ: GRWG), a leading retailer and distributor of specialty hydroponic and organic gardening products in the United States, has announced its Q3 2024 earnings release schedule. The company will disclose financial results for the quarter ended September 30, 2024, on Tuesday, November 12, 2024, after market close. A live earnings conference call will follow at 4:30 p.m. ET, accessible via phone or webcast through the company's investor relations website.
GrowGeneration Corp. (NASDAQ: GRWG), a leading retailer and distributor of specialty hydroponic and organic gardening products in the United States, has announced its participation in the Benzinga Cannabis Capital Conference. The event is scheduled for October 8-9, 2024, in Chicago.
Darren Lampert, GrowGen's Chief Executive Officer and Co-Founder, will be part of a panel discussion titled 'Outpacing The Market: 10 Secrets For Building A Successful Commercial Grow' on October 9, 2024, at 3:10 p.m. Central Time. The company will also be available for one-on-one investor meetings throughout the conference. Interested parties can contact GrowGen@kcsa.com for more information or to schedule a meeting.
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