GrowGeneration Corp (MEX:GRWG)

Q3 2025 GrowGeneration Corp Earnings Call Transcript

Nov 6, 2025 / 09:30 PM GMT

Release Date Price: MXN30

Transcript 10-Q

Key Points

Positve

GrowGeneration Corp (GRWG) reported net sales of $47.3 million, marking a 15.4% sequential increase.
The company achieved a positive adjusted EBITDA of $1.3 million, a $3.7 million improvement from the previous year.
Proprietary brands grew to 31.6% of cultivation and gardening revenue, up from 23.8% a year ago.
Store operating expenses were reduced by 27.8%, and total operating expenses decreased by 31.5% year over year.
GrowGeneration Corp (GRWG) has a strong balance sheet with $48.3 million in cash and no debt, supporting sustainable growth.

Negative

Net sales were lower compared to the same period last year, primarily due to 19 fewer retail locations.
The company expects some gross margin compression in the fourth quarter due to increased durable sales and lower total sales volume.
There is ongoing pricing pressure and discounting in the market, which could impact gross margins.
The company is still in the early stages of its transformation, indicating that more progress is needed.
Despite improvements, the company reported a GAAP net loss of $2.4 million for the quarter.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

GRWG.OQ - GrowGeneration Corp
Q3 2025 GrowGeneration Corp Earnings Call
Nov 06, 2025 / 09:30PM GMT

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Presentation
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Unidentified_1 [1]
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Hello everyone and welcome to Growth Generation's 3rd quarter 2025 earnings conference call. My name is Joanna and I will be your operator for today's call. At this time, participants are in a listen-only mode. Following prepared remarks, we will open the call to questions from analysts with instructions to be given at that time. This conference call is being recorded, and a replay of today's call will be available on the investor relations section of Growth Generations website.

I will now hand the call over to Phil Carlson with KCSA for introductions and the reading of the Safe harbor statement. Please go ahead.

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Unidentified_2 [2]

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