Hydrofarm sees FY25 adjusted gross profit margin approx 20%

The Company is updating the following expectation for fiscal year 2025: Adjusted Gross Profit Margin of approximately 20% for 2025, resulting primarily from an expectation of a higher proprietary brand sales mix in the second half of 2025 compared to the first half, continued benefit from cost savings associated with prior year restructuring and related productivity initiatives, incremental cost savings expected from the new restructuring plan and related cost savings initiatives, and (iv) minimal non-restructuring inventory reserves or related charges.