secwatch.observer — SEC 8-K summary
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Issuer:     GrowGeneration Corp. (GRWG)
CIK:        0001604868
Form:       8-K
Filed at:   2024-11-12T23:59:59+00:00
Accession:  0001628280-24-047121
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GrowGeneration Q3 net sales fall 10% to $50M; same-store sales rise 12.5%, net loss widens to $11.4M
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- Net sales fell 10.2% YoY to $50.0M driven by 25 fewer stores; same-store sales grew 12.5%.
- GAAP net loss widened to $11.4M ($0.19 per share) from $7.3M loss in Q3 2023; Adjusted EBITDA loss of $2.4M vs $0.9M loss.
- Proprietary brand sales reached 23.8% of cultivation & gardening net sales vs 19.4% last year, trending toward 35% target in 2025.
- Cash and equivalents $55.2M, no debt; total store count reduced to 31 locations across 12 states after 19 consolidations in FY2024.
- FY2024 net sales guidance of $190M-$195M; adjusted EBITDA guidance to be provided later.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1604868/000162828024047121/0001628280-24-047121-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1604868/000162828024047121/grwg-20241112.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-047121

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