UPDATE: Stifel Downgrades GrowGeneration (GRWG) to Hold
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GrowGeneration Reports Record Third Quarter 2021 Financial Results
November 11, 2021 8:00 AM ESTRecord Revenue increased 111% to $116.0 million
Adjusted EBITDA of $10.8 million for the third quarter Comparable store sales for the quarter increased 15.7% from prior year Earnings of $0.07 per share in the quarter 2021 Full Year revenue guidance updated to $435 to $440 million Adjusted EBITDA guidance updated to $41 million to $43 millionDENVER, Nov. 11, 2021 /PRNewswire/ - GrowGeneration Corp. (NASDAQ: GRWG), ("GrowGen" or the "Company"), the largest chain of specialty hydroponic and organic garden centers with 62 locations across 13 states, today reported record third quarter 2021 revenues of $116.0 million, versus $55.0 million in the same period last year.
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