GrowGeneration Narrows 2026 Revenue Outlook and Announces Further Store Closures
GrowGeneration Corp. (GRWG) reported third-quarter net sales of $44.8 million with gross margins reaching 32.4% and adjusted EBITDA at $2.3 million. The company is currently undergoing a strategic transformation to transition from a retail-focused model toward becoming a commercial, proprietary brand-driven business. Looking ahead, the company has narrowed its 2026 revenue guidance to a range of $163 million to $165 million. As part of its restructuring efforts, GrowGeneration plans to close an additional 4 to 5 stores and has decided to withdraw its previous EBITDA guidance.
Topics: adjusted EBITDA earnings report gross margins net sales
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Part of the story GrowGeneration Reports Q3 2026 Profitability Amid Retail Footprint Reduction (2 articles)