GrowGeneration Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

GrowGeneration (NASDAQ:GRWG) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$50.0m (down 10% from 3Q 2023).
• Net loss: US$11.4m (loss widened by 56% from 3Q 2023).
• US$0.19 loss per share (further deteriorated from US$0.12 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

GrowGeneration Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) missed analyst estimates by 65%.

Looking ahead, revenue is expected to decline by 6.3% p.a. on average during the next 2 years, while revenues in the Specialty Retail industry in the US are expected to grow by 4.6%.

Performance of the American Specialty Retail industry.

The company's shares are down 1.1% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for GrowGeneration that we have uncovered.

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