GrowGeneration GAAP EPS of -$2.24 misses by $2.16, revenue of $71.09M misses by $11.5M

Aug. 04, 2022 4:30 PM ETGrowGeneration Corp. (GRWG)By: Niloofer Shaikh, SA News Editor8 Comments
  • GrowGeneration press release (NASDAQ:GRWG): Q2 GAAP EPS of -$2.24 misses by $2.16.
  • Revenue of $71.09M (-43.5% Y/Y) misses by $11.5M.
  • Shares +5%.
  • Comparable store sales for the quarter decreased 56.9%.
  • Revenue guidance for FY2022 updated to be between $250M to $275M, down from a range of $340M to $400M previously vs. consensus of $349.82M.
  • Adjusted EBITDA guidance expected to be a loss of $12M to $15M for the year, down from previous expectations of $0M to $10M profit.

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