GrowGeneration Earnings Miss Estimates in Q3, Revenues Dip Y/Y

Zacks11-15

GrowGeneration Corp. GRWG reported a loss per share of 19 cents in the third quarter of 2024, wider than the Zacks Consensus Estimate of a loss of 11 cents. The company had reported a loss of 12 cents...

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The company had reported a loss of 12 cents...</p>\n\n<a href=\"https://finance.yahoo.com/news/growgeneration-earnings-miss-estimates-q3-165700823.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GrowGeneration Earnings Miss Estimates in Q3, Revenues Dip Y/Y</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGrowGeneration Earnings Miss Estimates in Q3, Revenues Dip Y/Y\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-15 00:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/growgeneration-earnings-miss-estimates-q3-165700823.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>GrowGeneration Corp. GRWG reported a loss per share of 19 cents in the third quarter of 2024, wider than the Zacks Consensus Estimate of a loss of 11 cents. The company had reported a loss of 12 cents...</p>\n\n<a href=\"https://finance.yahoo.com/news/growgeneration-earnings-miss-estimates-q3-165700823.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RKDA","symbol_name":"阿凯迪亚生物科学","start_time":0,"source_url":"https://finance.yahoo.com/news/growgeneration-earnings-miss-estimates-q3-165700823.html","article_id":"2483388353","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/U45CrReyOBmRPBdkCWGGVw--~B/aD00MTM7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/742c2718f9ff3a297d02254acce5007b"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483388353","pubTimestamp":1731603420,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"The cost of sales declined 0.5% year over year to $39 million in the quarter. The gross profit moved down 32.9% year over year to $11 million. The gross margin was 21.6% in the quarter under review compared with 29.1% in the prior-year quarter. The downside was led by a decline in the Cultivation and Gardening segment’s results and the company’s restructuring activities.Selling, general and administrative expenses declined 2.4% to $7.4 million in the quarter under review. Total operating expenses fell 5.4% year over year to $23 million in the third quarter of 2024.Adjusted EBITDA was negative $2.4 million in the quarter compared with the prior-year quarter’s negative $0.9 million.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"RKDA":"阿凯迪亚生物科学"},"translate_title":"GrowGeneration第三季度盈利未达预期，收入同比下降","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RKDA":0.9},"content_text":"GrowGeneration Corp. GRWG reported a loss per share of 19 cents in the third quarter of 2024, wider than the Zacks Consensus Estimate of a loss of 11 cents. The company had reported a loss of 12 cents in the third quarter of 2023.GrowGeneration generated revenues of $50 million in third-quarter 2024, which declined 10.1% year over year due to 25 fewer retail locations. The top line surpassed the consensus estimate of $48.9 million.Comparable store sales in the quarter improved 12.5% from the prior year.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.\nGRWG’s Margins Fall Y/Y in Q3\nThe cost of sales declined 0.5% year over year to $39 million in the quarter. The gross profit moved down 32.9% year over year to $11 million. The gross margin was 21.6% in the quarter under review compared with 29.1% in the prior-year quarter. The downside was led by a decline in the Cultivation and Gardening segment’s results and the company’s restructuring activities. Selling, general and administrative expenses declined 2.4% to $7.4 million in the quarter under review. Total operating expenses fell 5.4% year over year to $23 million in the third quarter of 2024. Adjusted EBITDA was negative $2.4 million in the quarter compared with the prior-year quarter’s negative $0.9 million.\nGrowGeneration’s Q3 Cash Position\nAt the end of the third quarter of 2024, GRWG had cash and cash equivalents of $27 million compared with $30 million as of the end of 2023. Inventory was $48 million, and prepaid inventory and other current assets were $7.7 million at the quarter end. Total current liabilities, including accounts payable, and accrued payroll and other liabilities, were $24.5 million at the quarter’s end.\nGRWG’s 2024 Guidance\nThe company expects revenues between $190 million and $195 million for 2024.\nGrowGeneration Price Performance\nIn the past year, GRWG shares have lost 20.8% against the industry’s 2.9% growth.\nImage Source: Zacks Investment Research\n \nGRWG’s Zacks Rank\nGrowGeneration currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.\nPerformances of Agricultural Products Stocks in Q3\nWest Fraser Timber Co. Ltd. WFG incurred a third-quarter 2024 adjusted loss of $1.03 per share, wider than the Zacks Consensus Estimate of a loss of 45 cents. The company posted earnings of $1.81 per share in the year-ago quarter. WFG generated revenues of $1.43 billion, down 15.7% year over year. The top line missed the Zacks Consensus Estimate of $1.45 billion.Arcadia Biosciences, Inc. RKDA reported a third-quarter 2024 adjusted loss of 87 cents per share, wider than the Zacks Consensus Estimate of a loss of 77 cents. The company reported earnings of $1.83 per share in the year-ago quarter. Arcadia Biosciences posted revenues of $1.54 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate of $1 million. This compares to year-ago revenues of $1.6 million.Bunge Global SA BG reported third-quarter 2024 earnings of $2.29 per share, beating the Zacks Consensus Estimate earnings of $2.18. The company recorded earnings of $2.99 a year ago.Bunge Global posted revenues of $12.9 billion for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by $12.6. It registered revenues of $14.2 billion in the year-ago quarter.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nBunge Global SA (BG) : Free Stock Analysis Report\nArcadia Biosciences, Inc. (RKDA) : Free Stock Analysis Report\nGrowGeneration Corp. (GRWG) : Free Stock Analysis Report\nWest Fraser Timber Co. Ltd. (WFG) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483388353"}