earnings
confidence high
sentiment negative
materiality 0.75
GrowGeneration Q3 net sales $70.9M, same-store sales down 58%; raises FY guidance
GrowGeneration Corp.
2022-Q3 EPS reported
-$2.45
revenue$223,710,000
- Net sales $70.9M, down 39% YoY; comparable store sales down 58.1%.
- GAAP net loss $7.2M ($0.12 loss per share); adjusted EBITDA loss $2.6M.
- Raises FY 2022 revenue guidance to $270-280M (from $250-275M) and adj. EBITDA loss to $10-13M (from $12-15M).
- Ended Q3 with $71.1M cash, zero debt; reduced inventory $10M QoQ and $24.1M YTD.