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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.
See more insights into GRWG stock on TipRanks’ Stock Analysis page.