GrowGeneration Announces Restructuring Including Improvements In Inventory Management, Sales And Marketing; Expected To Generate Margin Gains And ~$12M In Cost Savings Over Next 12 Months
Portfolio Pulse from Benzinga Newsdesk
GrowGeneration has announced a restructuring plan that includes improvements in inventory management, sales, and marketing. The company expects these changes to generate margin gains and approximately $12 million in cost savings over the next 12 months.
July 22, 2024 | 8:10 pm
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GrowGeneration's restructuring plan aims to improve inventory management, sales, and marketing, which is expected to generate margin gains and approximately $12 million in cost savings over the next 12 months.
The restructuring plan is likely to positively impact GrowGeneration's stock price in the short term due to expected margin gains and significant cost savings. Investors may view these changes as a strategic move to enhance profitability.
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