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GrowGeneration shifts to commercial brand-focused model by reducing retail stores

The Motley Fool +1 · ·by G4L

GRWG
GRWG GrowGeneration Corp
$1.51 -3.82%
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  1. 1GrowGeneration reduced its number of retail stores to 19 in the third quarter.
  2. 2GrowGeneration recorded its highest quarterly net income since 2021, driven by $2.6 million in tariff refunds.
  3. 3GrowGeneration withdrew its adjusted EBITDA guidance for the fourth quarter.

So what's the key point?

GrowGeneration reduced its store count to 19 locations. While the company recorded its highest quarterly net income since 2021 due to tariff refunds, it withdrew its adjusted earnings guidance for the fourth quarter.

Source The Motley Fool +1 · View original ↗

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