earnings
confidence high
sentiment negative
materiality 0.80
Hydrofarm Q1 net sales $40.5M, down 25% YoY; withdraws FY2025 outlook
HYDROFARM HOLDINGS GROUP, INC.
2025-Q1 EPS
reported -$3.12
vs consensus -$1.74
▼ miss
(-78.9%)
- Net loss $14.4M ($3.12/sh) vs $12.6M ($2.75/sh) YoY; Adj. EBITDA -$2.4M vs +$0.3M.
- Net sales $40.5M, decline driven by 22.6% volume/mix drop and cannabis oversupply.
- Adjusted gross profit margin 21.0% vs 23.4% YoY; proprietary brand sales mix 55% (up from Q4).
- Guidance withdrawn due to tariff uncertainty and cannabis headwinds; sees positive free cash flow remainder of 2025.
- Amended revolving credit facility: maturity extended to June 2027, commitment reduced to $22M.