GrowGeneration Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags
GrowGeneration (NASDAQ:GRWG) Full Year 2023 Results
Key Financial Results
Revenue: US$225.9m (down 19% from FY 2022).
Net loss: US$46.5m (loss narrowed by 72% from FY 2022).
US$0.76 loss per share (improved from US$2.69 loss in FY 2022).
GRWG Sales Performance
Like-for-like sales growth: Down 19.3% vs FY 2022.
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 1.7%. Earnings per share (EPS) missed analyst estimates by 70%.
Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 5.2% growth forecast for the Specialty Retail industry in the US.
Performance of the American Specialty Retail industry.
The company's shares are down 13% from a week ago.
Risk Analysis
You should learn about the 1 warning sign we've spotted with GrowGeneration.
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