GrowGeneration: Q4 Earnings Snapshot
By AP News
Published - Mar 13, 2024, 04:33 PM ET
Last Updated - Mar 13, 2024, 04:33 PM EDT
GREENWOOD VILLAGE, Colo. (AP) — GREENWOOD VILLAGE, Colo. (AP) — GrowGeneration Corp. (GRWG) on Wednesday reported a loss of $27.3 million in its fourth quarter.
On a per-share basis, the Greenwood Village, Colorado-based company said it had a loss of 44 cents. Losses, adjusted for asset impairment costs, were 18 cents per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 12 cents per share.
The company posted revenue of $49.5 million in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $46 million.
