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2021-05-13
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GrowGeneration Tops Estimates, Raises Full-Year Guidance
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(GRWG) -Get Report jumped Wednesday after the company reported first-","content":"<p>Shares of GrowGeneration Corp. (<b>GRWG</b>) -Get Report jumped Wednesday after the company reported first-quarter results ahead of analyst expectations.</p>\n<p>The Denver-based company reported first-quarter earnings of 10 cents per share on revenue that jumped 173% year-over-year to $90 million.</p>\n<p>Analysts polled by FactSet were expecting earnings of 8 cents per share on revenue of $86.4 million.</p>\n<p>\"The GrowGen team delivered an exceptionally strong start to the year, with same-store sales up 51%, demonstrating the hard work of the entire team,\" said CEO Darren Lampert.</p>\n<p>As a result of the strong quarter, the company raised its full-year revenue expectations between $450 million and $470 million. In March, the company said it expected revenue between $415 million and $430 million. Analysts are expecting revenue of $426 million.</p>\n<p>GrowGeneration shares wererising 4.6% to $38.25 after hours Wednesday.</p>\n<p>Same-store sales rose 51% year-over-year and GrowGeneration said it was able to accomplish this growth despite port delays and supply chain interruptions.</p>\n<p>The company said it closed nine acquisitions while adding 15 hydroponic retail locations to bring its total store count to 53.</p>\n<p>In April, the hydroponic and organic garden chain, often traded as a marijuana company, said it hadacquired Downriver Hydroponics. Terms weren't disclosed.</p>\n<p>Last month,GrowGeneration posted record full-year salesand said it expected to rack up additional strong sales in the first quarter.</p>\n<p>TheStreet.com’sBrent Kenwell also analyzed Growin February, in light of the recent volatility in cannabis stocks. Many investors have been disappointed with marijuana stocks' meager earnings and have sold in bulk.</p>","collect":0,"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 Tops Estimates, Raises Full-Year Guidance</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 Tops Estimates, Raises Full-Year Guidance\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-13 09:38 GMT+8 <a href=https://www.thestreet.com/investing/growgeneration-tops-estimates-raises-full-year-guidance><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of GrowGeneration Corp. (GRWG) -Get Report jumped Wednesday after the company reported first-quarter results ahead of analyst expectations.\nThe Denver-based company reported first-quarter ...</p>\n\n<a href=\"https://www.thestreet.com/investing/growgeneration-tops-estimates-raises-full-year-guidance\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GRWG":"GrowGeneration Corp."},"source_url":"https://www.thestreet.com/investing/growgeneration-tops-estimates-raises-full-year-guidance","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1149696771","content_text":"Shares of GrowGeneration Corp. (GRWG) -Get Report jumped Wednesday after the company reported first-quarter results ahead of analyst expectations.\nThe Denver-based company reported first-quarter earnings of 10 cents per share on revenue that jumped 173% year-over-year to $90 million.\nAnalysts polled by FactSet were expecting earnings of 8 cents per share on revenue of $86.4 million.\n\"The GrowGen team delivered an exceptionally strong start to the year, with same-store sales up 51%, demonstrating the hard work of the entire team,\" said CEO Darren Lampert.\nAs a result of the strong quarter, the company raised its full-year revenue expectations between $450 million and $470 million. In March, the company said it expected revenue between $415 million and $430 million. 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