GRWG - GrowGeneration GAAP EPS of -$2.24 misses by $2.16 revenue of $71.09M misses by $11.5M
- GrowGeneration press release ( NASDAQ: GRWG ): Q2 GAAP EPS of -$2.24 misses by $2.16 .
- Revenue of $71.09M (-43.5% Y/Y) misses by $11.5M .
- Shares +5% .
- Comparable store sales for the quarter decreased 56.9%.
- Revenue guidance for FY2022 updated to be between $250M to $275M, down from a range of $340M to $400M previously vs. consensus of $349.82M.
- Adjusted EBITDA guidance expected to be a loss of $12M to $15M for the year, down from previous expectations of $0M to $10M profit.
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GrowGeneration GAAP EPS of -$2.24 misses by $2.16, revenue of $71.09M misses by $11.5M