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GrowGeneration: Q1 Earnings Snapshot
By AP News - May 09, 2023, 05:39 PM ET
Last Updated - Jun 21, 2023, 09:21 PM EDT
GREENWOOD VILLAGE, Colo. (AP) — GREENWOOD VILLAGE, Colo. (AP) — GrowGeneration Corp. (GRWG) on Tuesday reported a loss of $6.1 million in its first quarter.
On a per-share basis, the Greenwood Village, Colorado-based company said it had a loss of 10 cents.
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The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 11 cents per share.
The company posted revenue of $56.8 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $55.9 million.
GrowGeneration expects full-year revenue in the range of $250 million to $270 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a GRWG">Zacks stock report on GRWG at https://www.zacks.com/ap/GRWG
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