GrowGeneration Q1 net sales $35.7M, net loss $9.4M; guides Q2 >$40M, withdraws FY outlook

GrowGeneration Corp.

2025-Q1 EPS reported -$0.16 revenue$35,703,000

Net sales $35.7M down 25% YoY; net loss $9.4M vs $8.8M loss; adjusted EBITDA loss $4.0M.
Gross margin improved to 27.2% (from 25.8%); proprietary brand sales rose to 32.0% of segment sales.
Store/operating expenses cut 17.3% to $8.8M; cash $52.6M with no debt.
Withdrew FY2025 outlook citing tariff/regulatory uncertainty; Q2 revenue guidance above $40M.
Evaluating further store closures; retail footprint now 31 stores across 12 states.

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