Hydrofarm Holdings Group, Inc. (HYFM) Misses Q1 EPS by 9c
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Hydrofarm Holdings Group Announces First Quarter 2023 Results
May 10, 2023 4:05 PM EDTSHOEMAKERSVILLE, Pa., May 10, 2023 (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, today announced financial results for its first quarter ended March 31, 2023.
First Quarter 2023 Highlights vs. Prior Year Period:
Net sales decreased to $62.2 million compared to $111.4 million.Gross Profit decreased to $11.4Â million compared to $16.6Â million. Adjusted Gross Profit(1) was $14.1 million... More