GrowGeneration Reports Record Financial Results Q2 2020

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Go back to GrowGeneration Reports Record Financial Results Q2 2020

GrowGeneration Corp. (GRWG) Tops Q2 EPS by 1c, Revenues Beat; Offers FY20 Revenue Guidance Above Consensus

August 13, 2020 7:04 AM EDT

GrowGeneration Corp. (NASDAQ: GRWG) reported Q2 EPS of $0.06, $0.01 better than the analyst estimate of $0.05. Revenue for the quarter came in at $43.5 million versus the consensus estimate of $36.61 million.

Financial Highlights for 2nd Quarter 2020 compared to 2nd Quarter 2019

Revenues up 123% to $43.5 million for Q2 2020 vs $19.5 million for Q2 2019Same store sales were $25.1 million for Q2 2020 vs $16.9 million for Q2 2019, a 49% increaseAdjusted EBITDA of $4.6 million for Q2 2020 vs $1.7 million for Q2 2019, an increase of 166%, $.12 per share, basic Gross profit margin % for Q2 2020 was 26.7% vs 29.9% for Q2 2020Gross profit... More