GrowGeneration Beats Q2 Sales, Lifts EBITDA Outlook on B2B Strength
GRWG sits 54% above its 52-week low of $1.005.
Summary
GrowGeneration delivered a Q2 sales beat of $43.22M vs. $42.06M consensus, driven by its commercial B2B segment. The company swung to positive adjusted EBITDA and raised full-year adjusted EBITDA guidance to $2M-$3M, signaling improving profitability. This follows a Q1 that showed reduced net loss and a $10M buyback authorization, suggesting a sustained turnaround. With Q3 revenue guided to $44M-$46M and full-year revenue reaffirmed, the trajectory is strengthening. The stock closed at $1.43 before the release, leaving room for a positive reaction.
At the time of this announcement, GRWG was trading at $1.55 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $89.5M. The 52-week trading range was $1.01 to $2.40. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.