GrowGeneration reports Q3 EPS (4c), consensus (8c)

Reports Q3 revenue $47.25M, consensus $41.56M. Darren Lampert, GrowGen’s Co-Founder and Chief Executive Officer, commented, “Our third quarter results marked a clear inflection point for GrowGeneration (GRWG). We delivered double-digit sequential net sales growth of 15.4%, returned to positive Adjusted EBITDA of $1.3 million, and expanded gross margin to over 27%. Our third-quarter Adjusted EBITDA represents the Company’s strongest profitability in four years. These results reflect disciplined execution of our strategic plan, with store operating expenses down 27.8% and total operating expenses reduced by more than 30% year-over-year. Proprietary brands remain a key driver of profitability, representing 31.6% of Cultivation and Gardening net sales, up from 23.8% last year. We expect proprietary brands to achieve approximately 40% of segment revenue in 2026, further supporting margin expansion and customer loyalty.”