Hydrofarm Holdings Group ( (HYFM) ) has issued an announcement.
On March 5, 2025, Hydrofarm Holdings Group announced its financial results for the fourth quarter and full year of 2024, revealing a decrease in net sales and an increased net loss compared to the previous year. Despite challenging industry conditions, the company managed to maintain annual sales within its full-year outlook and achieved significant cost savings. The strategic focus on proprietary brands increased their sales mix to 56% in 2024. Looking forward to 2025, Hydrofarm plans to reinvigorate its proprietary brand sales, optimize its distribution network, and implement additional cost-saving measures, with a focus on e-commerce growth and revenue diversification.
More about Hydrofarm Holdings Group
Hydrofarm Holdings Group, Inc. is a leading independent manufacturer and distributor of branded hydroponics equipment and supplies for controlled environment agriculture. Their products include grow lights, climate control solutions, grow media, and nutrients, along with a broad portfolio of innovative proprietary branded products. With over 40 years in the industry, Hydrofarm aims to empower growers, farmers, and cultivators by providing products that enhance quality, efficiency, consistency, and speed in their growing projects.
YTD Price Performance: -20.86%
Average Trading Volume: 17,038
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $21.18M
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