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Hydrofarm Holdings Group (HYFM)
NASDAQ:HYFM
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-2.64Last Year’s EPS
-0.85Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 05, 2025
|% Change Since: -47.93%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Neutral
Hydrofarm has faced significant challenges in the fourth quarter of 2024, with notable declines in sales and profitability, primarily due to industry-wide oversupply issues and a slip in proprietary brand sales mix. Despite these setbacks, the company has made significant progress in areas such as proprietary brand sales mix, e-commerce growth, and SG&A cost savings. The efforts to increase revenue diversification and optimize operations provide a positive outlook, but immediate challenges still weigh heavily.Company Guidance
During the Hydrofarm Holdings Group Fourth Quarter and Fiscal Year 2024 Earnings Conference Call, the company reported net sales of $37.3 million for the fourth quarter, a 20.9% decrease year-over-year, primarily due to a 16.8% drop in volume mix and a 3.9% decline in pricing. The full year 2024 adjusted EBITDA and free cash flow fell short of guidance, despite successful reductions in adjusted SG&A expenses. The proprietary brand sales mix improved from 35% in 2020 to 56% in 2024, although this slipped to 52% in Q4. The company plans to focus on high-margin proprietary brands, further reduce SG&A expenses, and increase non-cannabis and non-U.S. Canadian sales mix in 2025. Hydrofarm also achieved a 10% reduction in adjusted SG&A expenses in Q4 and aims to optimize its distribution network and manage financial positions to improve profit margins and free cash flow. For 2025, Hydrofarm expects a 10-20% decline in net sales compared to 2024 but anticipates improved adjusted gross profit margins and adjusted EBITDA due to proprietary brand mix enhancements and operational efficiencies. The company ended 2024 with a cash balance of $26.1 million and $128 million in total debt, maintaining $39 million in total liquidity.Increased Proprietary Brand Sales Mix
Hydrofarm improved its proprietary brand sales mix from approximately 35% in 2020 to 56% in 2024, which contributed to operating profitably for most quarters over the past two years.
Strong E-commerce Growth
U.S. sales in the e-commerce channel increased over 25% in 2024, showing strong channel performance for home-growing solutions.
Manufacturing and Distribution Footprint Reduction
Since 2023, Hydrofarm reduced its manufacturing footprint by nearly 60% and invested in productivity-enhancing capital equipment, improving operating efficiencies.
SG&A Savings Achieved
Hydrofarm delivered 10 consecutive quarters of meaningful year-on-year adjusted SG&A savings and is now operating below pre-IPO dollar costs.
Revenue Diversification
The company achieved a nearly 200 basis point increase in sales to non-cannabis and non-U.S. Canadian customers in 2024, indicating progress in revenue diversification.
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HYFM 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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HYFM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 05, 2025 | $4.59 | $3.63 | -20.92% |
| Nov 07, 2024 | $5.88 | $5.81 | -1.19% |
| Aug 08, 2024 | $5.33 | $5.41 | +1.50% |
| May 14, 2024 | $9.24 | $9.40 | +1.73% |
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 Hydrofarm Holdings Group (HYFM) report earnings?
Hydrofarm Holdings Group (HYFM) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Hydrofarm Holdings Group (HYFM) earnings time?
Hydrofarm Holdings Group (HYFM) 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 HYFM EPS forecast?
HYFM EPS forecast for the fiscal quarter 2025 (Q1) is -2.64.
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