GrowGeneration Q2 net sales rise on strength in commercial B2B business, lifts EBITDA outlook

GrowGeneration

11/08/2026 21:15

Overview
Controlled environment agriculture supplier's Q2 net sales rose 5.5% yr/yr, beating analyst expectations
Company achieved positive adjusted EBITDA and narrowed net loss from prior year
GrowGeneration raised full-year adjusted EBITDA guidance to $2 mln-$3 mln

Outlook
GrowGeneration raises 2026 full-year Adjusted EBITDA outlook to $2 mln to $3 mln
Company reaffirms 2026 revenue guidance of $162 mln to $168 mln
GrowGeneration expects Q3 2026 net sales of $44 mln to $46 mln

Result Drivers
PROPRIETARY BRAND MIX - Increased proprietary brand sales drove higher gross margins, per company
COMMERCIAL B2B GROWTH - Revenue growth led by commercial B2B business, according to company
COST REDUCTIONS - Lower store and operating expenses contributed to improved profitability, per company

Company press release: ID:nGNX7wgcc2

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
$43.22 mln
$42.06 mln (3 Analysts)
Q2 Loss Per Share
 
$0.03
 
Q2 Net Loss
 
$2.01 mln
 
Q2 Loss Per Basic Share
 
$0.03
 
Q2 Pretax Loss
 
$1.99 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the home improvement products & services retailers peer group is "buy."
Wall Street's median 12-month price target for GrowGeneration Corp is $2.00, about 39.9% above its August 10 closing price of $1.43

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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)