GrowGeneration Earnings Reports

GrowGeneration reported a challenging first quarter in 2025 with net sales below expectations due to soft durable goods spending and market uncertainties. Despite a net loss, the company saw improvements in gross profit margin and increased proprietary brand sales as a percentage of cultivation and gardening net sales. The company ended the quarter with a strong cash position and no debt, while withdrawing its full-year guidance due to macroeconomic uncertainty.

GrowGeneration posted Q4 2024 revenue of $37.4 million, a decrease from the prior year due to store consolidations. The company's gross profit margin declined to 16.4% as a result of inventory rationalization efforts. Despite a net loss of $23.3 million, proprietary brand sales grew to 30.4% of total Cultivation and Gardening sales, supporting future margin improvement. The company remains focused on cost reductions and business transformation efforts.