GrowGeneration ( (GRWG) ) just unveiled an update.
GrowGeneration Corp., a leading retailer in hydroponic and organic gardening products, reported a 10.2% decline in net sales for Q3 2024 due to store consolidations. Despite the decline, same-store sales rose by 12.5%, and proprietary brand sales increased to 23.8%. The company maintained a strong cash position of $55.2 million with no debt and is gearing up for a digital transformation with an e-commerce launch. CEO Darren Lampert highlighted the success of strategic restructuring in positioning the company for sustainable growth in 2025.
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