GrowGeneration Authorizes $10M Buyback, Narrows 4Q Loss-To The Moon - Tiger Brokers Online Investing Community - To The Moon

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GrowGeneration Authorizes $10M Buyback, Narrows 4Q Loss

Dow Jones03-20 05:26

By Katherine Hamilton

GrowGeneration authorized a $10 million buyback and narrowed its fourth-quarter loss.

The hydroponics and garden store operator on Thursday posted a loss of $7.4 million, or 12 cents a share, in the quarter ended Dec. 31, compared with a loss of $23.3 million, or 39 cents a share, a year earlier.

Revenue rose 1% to $37.8 million. Analysts surveyed by FactSet forecast revenue of $40.0 million.

GrowGen had higher customer retention, which helped offset a decline in cultivation and gardening sales related to the closure of stores over the past two years.

The narrowed loss was primarily due to a $13.3 million reduction of operating expenses and reduced store operating costs.

In the new fiscal year, GrowGen expects revenue of $162 million to $168 million. The outlook assumes a softer first quarter for revenue given usual seasonality, with profitable second and third quarters.

Shares declined 4% to $1.05 in after-hours trading.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

March 19, 2026 17:26 ET (21:26 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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The outlook assumes a softer first quarter for revenue given usual seasonality, with profitable second and third quarters. \n\n\n  Shares declined 4% to $1.05 in after-hours trading. \n\n\n \n\n\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 19, 2026 17:26 ET (21:26 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","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":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"isCrawlerRequest":true}