Hydrofarm Holdings Group (HYFM) Misses Q3 EPS by 2c
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Hydrofarm Holdings Group Announces Third Quarter 2022 Results
November 9, 2022 4:05 PM ESTSHOEMAKERSVILLE, Pa., Nov. 09, 2022 (GLOBE NEWSWIRE) -- Hydrofarm Holdings Group, Inc. (Hydrofarm or the Company) (Nasdaq: HYFM), a leading independent manufacturer and distributor of branded hydroponics equipment and supplies for controlled environment agriculture (CEA), today announced financial results for its third quarter ended September 30, 2022.
Third Quarter 2022 Highlights vs. Prior Year Period:
Net sales decreased to $74.2 million compared to $123.8 million.Gross Profit decreased to $5.9Â million compared to $30.0Â million. Adjusted Gross Profit(1)(2) was $7.8 million compared to $33.0... More