GrowGeneration Earnings Miss Estimates in Q3, Revenues Dip Y/Y
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GrowGeneration reported lower-than-expected earnings for Q3, with a year-over-year decline in revenues. The company projects revenues between $190 million and $195 million for 2024.
November 14, 2024 | 6:15 pm
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GrowGeneration's Q3 earnings missed estimates, and revenues declined year-over-year. The company forecasts 2024 revenues between $190 million and $195 million.
The earnings miss and year-over-year revenue decline are negative indicators for GrowGeneration's short-term stock performance. The revenue forecast for 2024, while providing some guidance, does not offset the immediate negative impact of the earnings miss.
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IMPORTANCE 80
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