Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
GrowGeneration (GRWG)
NASDAQ:GRWG
Holding GRWG?
Track your performance easily
Earnings Data
Report Date
Mar 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.17Last Year’s EPS
-$0.44Same Quarter Last Year
Based on 0 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 12, 2024
|% Change Since: -4.05%
|Next Earnings Date:Mar 12, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a mix of achievements and challenges. While there was strong progress in same-store sales growth, proprietary brand sales, and cash position, the company faced revenue decline, reduced profit margins, and increased net loss. The launch of the B2B e-commerce portal and successful store rationalization were positive steps towards future growth.Company Guidance
In the GrowGeneration third quarter 2024 earnings call, the company reiterated its full-year net revenue guidance of $190 million to $195 million. The quarter saw net revenue of $50 million, a decrease from $53.5 million in the previous quarter, attributed to store closures as part of a restructuring plan. Same-store sales grew by 12.5%, marking the first positive quarter in three years. Proprietary brand sales increased to 23.8% of cultivation and gardening sales, with a target to reach 35% by the end of 2025. The restructuring plan aims for annual cost savings of at least $12 million. GrowGeneration maintains a strong cash position with $55.2 million and no debt as of September 30, 2024.Positive Same-Store Sales Growth
Same-store sales grew by 12.5% year-over-year, marking the first quarter of positive same-store sales in 3 years.
Increase in Proprietary Brand Sales
Proprietary brand sales grew to 23.8% of Cultivation and Gardening net sales, up from 19.4% last year.
Strong Cash Position
The company maintains a strong cash position with $55.2 million and no debt as of September 30, 2024.
Store Rationalization
Successfully closed 19 stores as part of the restructuring plan, retaining 31 operational stores.
B2B E-commerce Portal Launch
Substantial progress made on launching a B2B e-commerce portal, set to go live in the fourth quarter.
---
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
---
GRWG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| 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% |
| Mar 13, 2024 | $2.04 | $1.90 | -6.86% |
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.
---
FAQ
When does GrowGeneration (GRWG) report earnings?
GrowGeneration (GRWG) is schdueled to report earning on Mar 12, 2025, TBA Not Confirmed.
What is GrowGeneration (GRWG) earnings time?
GrowGeneration (GRWG) earnings time is at Mar 12, 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 2024 (Q4) is -$0.17.
---