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GrowGeneration (GRWG)
NASDAQ:GRWG
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.14Last Year’s EPS
-0.14Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 13, 2025
|% Change Since: 18.56%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Neutral
The earnings call indicates a company in transition, with significant efforts made towards restructuring and focusing on proprietary brands, leading to some positive outcomes like increased proprietary brand sales and a strong cash position. However, challenges such as a decline in net revenue, reduced gross profit margin, and continued net losses indicate struggles in the transition period.Company Guidance
During the GrowGeneration Fourth Quarter and Full Year 2024 Earnings Conference Call, the company reported a full year 2024 net revenue of $188.9 million, with proprietary brand sales contributing $39.5 million, representing 24.2% of total net sales. The company has streamlined operations, closing 19 stores to focus on a product-driven, business-to-business model, resulting in a total of 31 operational stores and two regional distribution centers. For 2025, GrowGeneration projects net revenue between $170 million to $180 million, with an adjusted EBITDA range of a $2 million loss to a $2 million profit. The gross profit margin for the fourth quarter of 2024 was 16.4%, impacted by inventory disposal costs, with a 2025 margin target of 30%. GrowGeneration ended 2024 with no debt and $56.5 million in cash and marketable securities, completing a $6 million share repurchase program. The company anticipates sequential margin improvement and aims to increase proprietary brand sales to 35% of Cultivation and Gardening net sales by the end of 2025.Increase in Proprietary Brand Sales
Proprietary brands accounted for 24.2% of total net sales in 2024, up from 18.8% in 2023. This segment grew to 30.4% of Cultivation and Gardening revenue in Q4 2024, compared to 21.2% in Q4 2023.
Successful Strategic Restructuring
The company executed a strategic restructuring, focusing on transitioning from store reliance to a product-driven, B2B business model, which is expected to drive revenue growth and improve margins.
Launch of B2B E-commerce Platform
A new B2B e-commerce platform was launched in Q4 2024, receiving positive customer feedback and expected to enhance customer experience and operational efficiency.
Strong Cash Position and No Debt
GrowGeneration ended 2024 with $56.5 million in cash and marketable securities, and no debt, providing financial flexibility for future growth.
Positive Same-Store Sales Growth
The company reported its second consecutive quarter of positive same-store sales growth in Q4 2024, with a 1% year-over-year increase.
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GRWG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GRWG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 13, 2025 | $0.97 | $1.05 | +8.25% |
| Nov 12, 2024 | $1.73 | $1.87 | +8.09% |
| Aug 08, 2024 | $1.98 | $1.81 | -8.59% |
| May 08, 2024 | $2.68 | $2.98 | +11.19% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does GrowGeneration (GRWG) report earnings?
GrowGeneration (GRWG) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is GrowGeneration (GRWG) earnings time?
GrowGeneration (GRWG) earnings time is at May 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GRWG EPS forecast?
GRWG EPS forecast for the fiscal quarter 2025 (Q1) is -0.14.
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