GRWG (GrowGeneration) Retained Earnings : $-232.3 Mil (As of Sep. 2024)

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What is GrowGeneration Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. GrowGeneration's retained earnings for the quarter that ended in Sep. 2024 was $-232.3 Mil.

GrowGeneration's quarterly retained earnings declined from Mar. 2024 ($-208.9 Mil) to Jun. 2024 ($-216.7 Mil) and declined from Jun. 2024 ($-216.7 Mil) to Sep. 2024 ($-232.3 Mil).

GrowGeneration's annual retained earnings declined from Dec. 2021 ($10.1 Mil) to Dec. 2022 ($-153.6 Mil) and declined from Dec. 2022 ($-153.6 Mil) to Dec. 2023 ($-200.1 Mil).

GrowGeneration Retained Earnings Historical Data

The historical data trend for GrowGeneration's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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GrowGeneration Retained Earnings Chart

GrowGeneration Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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-7.97

-2.64

10.14

-153.60

-200.10

GrowGeneration Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Retained Earnings	Get a 7-Day Free Trial															-172.79	-200.10	-208.94	-216.71	-232.30

GrowGeneration Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

GrowGeneration (NAS:GRWG) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

GrowGeneration Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » GrowGeneration Corp (NAS:GRWG) » Definitions » Retained Earnings

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GRWG:Mexico

Address

5619 DTC Parkway, Suite 900, Greenwood Village, CO, USA, 80111

Website

https://www.growgeneration.com

GrowGeneration Corp owns and operates specialty retail hydroponic and organic gardening stores. The firm is a marketer and distributor of nutrients, growing media, advanced indoor and greenhouse lighting, ventilation systems and accessories for hydroponic gardening. The Company has two reportable segments, including Cultivation and Gardening segment, composed of the Company's hydroponic and organic gardening business; and the Storage Solutions segment, composed of the Company's benching, racking, and storage solutions business.

Executives

Michael Salaman	director, officer: President	C/O GROWGENERATION CORP., 1000 WEST MISSISSIPPI AVENUE, DENVER CO 80223
Darren Lampert	director, officer: CEO	C/O GROWGENERATION CORP., 1000 WEST MISSISSIPPI AVENUE, DENVER CO 80233
Eula L Adams	director	9194 E. VASSAR AVE., DENVER CO 80231
Stephen Aiello	director	112 OAK AVE, KENTFIELD CA 94904-1561
Gregory Kevin Sanders	officer: Chief Financial Officer	8770 ZIRCON WAY, ARVANDA CO 80007
Dennis Sheldon	officer: See Remarks	C/O GROWGENERATION CORP., 5619 DTC PARKWAY, SUITE 900, GREENWOOD VILLAGE CO 80111
Stephen Kozey	officer: Secretary and VP of Legal	C/O GROWGENERATION CORP., 5619 DTC PARKWAY, SUITE 900, GREENWOOD VILLAGE CO 80111
Paul Rutenis	officer: Chief Merchandise Officer	500 WESTRIDGE DRIVE, WATSONVILLE CA 95076
Sean Stiefel	director	28 REICHERT CIRCLE, WESTPORT CT 06880
Tony Sullivan	officer: COO	8353 ARAPAHOE PEAK STREET, LITTLETON CO 80125
Jeff Lasher	officer: CFO	500 WESTRIDGE DRIVE, WATSONVILLE CA 95076
Monty R Lamirato	officer: CFO
Merida Capital Partners, Lp	10 percent owner	641 LEXINGTON AVENUE, 18TH FLOOR, NEW YORK NY 10022
Gotham Green Partners Llc	10 percent owner	1437 4TH STREET, SANTA MONICA CA 90401
Mitchell Baruchowitz	10 percent owner	C/O MERIDA MERGER CORP. I, 641 LEXINGTON AVE, 18TH FLOOR, NEW YORK NY 10022