earnings
confidence high
sentiment positive
materiality 0.75
GrowGeneration prelim 2024 net sales $188-190M, proprietary brands 30% of rev, cash >$56M, debt-free
GrowGeneration Corp.
2024-FY EPS reported
-$0.82
revenue$188,866,000
- Preliminary FY2024 net sales $188-190M; proprietary brand sales $39-40M (over 30% of cultivation rev).
- Ended year debt-free with cash, equivalents, and marketable securities >$56M.
- Same store sales positive for full year; storage solutions sales $25-26M.
- Cost savings ~$12M annualized from restructuring; 31 stores, 2 distribution centers.
- Targeting proprietary brand sales at 35% of cultivation/gardening rev by end-2025; poised for profitability.