GrowGeneration (GRWG)
NASDAQ:GRWG
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Earnings Data
Report Date
Aug 06, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.04Last Year’s EPS
-0.08Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed clear progress: revenue growth, stronger proprietary brand penetration, a robust Storage Solutions segment, significant expense reductions, improved GAAP and adjusted EBITDA performance, and a strong balance sheet with no debt. Management reaffirmed full-year guidance and articulated a path to breakeven adjusted EBITDA while highlighting regulatory tailwinds that could boost customer investment. Offsetting these positives were margin pressures from store-closure inventory charges, tariff impacts, product mix headwinds, and continued Q1 net losses and negative adjusted EBITDA (albeit improved). On balance, the operational and financial improvements, cash position, and near-term guidance for a return to positive adjusted EBITDA outweigh the remaining challenges.Company Guidance
Revenue Growth
Net sales of $38.4M in Q1 FY26, up 7.5% year-over-year from $35.7M, marking the second consecutive quarter of year-over-year growth.
Proprietary Brand Penetration
Proprietary brand sales represented 37% of cultivation & gardening revenue, up from 32% a year ago, with a year-end target of ~40% and management expectation to reach the '40s before Q4.
Storage Solutions Surge
Storage Solutions revenue grew to $6.5M from $4.8M (≈35.5% year-over-year increase); segment gross margin improved by ~200 basis points to 39.6%, driving a 42.7% increase in gross profit dollars for the segment.
Improved Profitability and Expense Reduction
Total operating expenses decreased 23.4% to $15.0M (down $4.6M); store & other operating expenses fell ~27.2% to $6.4M; SG&A improved ~2.6% to $6.9M; depreciation & amortization declined 55.1% to $1.6M—contributing to better operating leverage.
Improved GAAP and Non-GAAP Results
GAAP net loss narrowed to $4.9M (negative $0.08 per share) from $9.4M (negative $0.16); adjusted EBITDA loss improved to ($1.6M) from ($4.0M), a $2.4M year-over-year improvement.
Strong Liquidity and Capital Actions
Ended the quarter with $41.1M in cash, cash equivalents and marketable securities and no debt; Board authorized a share repurchase program up to $10M.
Affirmed Full-Year Guidance and Near-Term Profitability Path
Reaffirmed 2026 revenue guidance of $162M–$168M and target of approximately breakeven adjusted EBITDA for the full year; Q2 revenue guide $42M–$44M with a return to positive adjusted EBITDA.
Strategic Repositioning and Commercial Momentum
Continued shift toward a B2B commercial platform, expansion of proprietary brands into adjacent retail/online channels (including big box and direct-to-consumer), and repurposing retail footprint into commercial sales & service centers—drive recurring consumable programs and higher-quality revenue.
Regulatory Tailwind for Customers
Acting AG order moving state-licensed medical cannabis to Schedule III (April 22) expected to provide 280E tax relief for customers, strengthening their balance sheets and supporting increased capital investment in cultivation infrastructure.
Lean Operating Footprint With Revenue Growth
Management highlighted a materially smaller and more efficient footprint (commented reduction from 65 to 19 locations historically) while continuing to deliver year-over-year revenue growth.
GRWG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
GRWG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 12, 2026 | $1.37 | $1.61 | +17.52% |
Mar 19, 2026 | $1.09 | $1.16 | +6.42% |
Nov 06, 2025 | $1.38 | $1.77 | +28.26% |
Aug 11, 2025 | $1.26 | $1.49 | +18.25% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does GrowGeneration (GRWG) report earnings?
GrowGeneration (GRWG) is schdueled to report earning on Aug 06, 2026, Before Open (Confirmed).
What is GrowGeneration (GRWG) earnings time?
GrowGeneration (GRWG) earnings time is at Aug 06, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GRWG EPS forecast?
GRWG EPS forecast for the fiscal quarter 2026 (Q2) is -0.04.