GRWG Earnings Prediction
The chart below shows how GRWG performed 10 days before and after its earnings report, based on data from the past quarters. Typically, GRWG sees a +3.70% change in stock price 10 days leading up to the earnings, and a +5.51% change 10 days following the report. On the earnings day itself, the stock moves by -1.29%. This data can give you a slight idea of what to expect for the next quarter's release.
GRWG Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
50.01M
-10.19%
-6.59%
Gross Margin
11.67%
-43.35%
-42.17%
Operating Margin
-17.21%
27.39%
41.41%
Net Margin
-22.87%
73.26%
107.72%
EPS
-0.19
-58.33%
90.00%
No Data Available
GRWG Earnings Analysis
GROW GENERATION CORP Corporation (GRWG.O) Earnings Conference Call
Positive
Net Revenue Decline: The company reported net revenue of $50 million for the third quarter, slightly down from $53.5 million in the second quarter of 2024, reflecting solid progress under the restructuring plan.
Same-Store Sales Growth: Same-store sales grew by 12.5% year-over-year, marking the first quarter of positive same-store sales in three years, indicating strong performance of core store locations.
Proprietary Brand Sales Surge: Proprietary brand sales increased to 23.8% of total sales in the third quarter, up from 19.4% last year, driven by new product launches during the quarter.
Strong Cash Position: The company maintained a strong cash position with $55.2 million and no debt as of September 30, 2024, reflecting financial resilience.
Stock Repurchase Confidence: The company repurchased an additional $1.8 million of stock during the third quarter, demonstrating confidence in its equity value.
Negative
Net Revenue Decline: Net revenue decreased to $50 million, down from $53.5 million in the second quarter of 2024, attributed to store closures as part of the restructuring plan.
Revenue Decline Analysis: Sequentially, revenue declined 6.6% from $53.5 million last quarter.
Store Closures Impact Sales: The company closed and consolidated an additional 12 retail stores in the third quarter, impacting overall sales.
Quarterly Net Loss Comparison: Net loss was $11.4 million for the third quarter of 2024, compared to a net loss of $7.3 million in the same period last year.
Declining Adjusted EBITDA: Adjusted EBITDA was negative $2.4 million compared to negative $0.9 million in the same period last year.
GRWG FAQs
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GRWG Earning Call Sentiment
GrowGeneration Corp. (GRWG) Q3 2024 Earnings Call Transcript
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GRWG.O
-3.6%Positive
The earnings call presents a mixed picture. Positive factors include the first positive same-store sales growth in three years and successful cost reduction initiatives. However, the company faces challenges with declining gross profit margins, increased net loss, and competitive pressures. The Q&A highlighted potential growth in proprietary brands and a new B2B portal, but lacked specific guidance. The absence of adjusted EBITDA guidance and the impact of store closures add uncertainty. Given these mixed signals, a neutral stock price movement is expected over the next two weeks.
