Brief: Growgeneration Reports Record Fourth Quarter And Full Year 2021 Financial Results

GrowGeneration

01/03/2022 21:49

March 1 (Reuters) - Growgeneration Corp  GRWG.O :
    * GROWGENERATION REPORTS RECORD FOURTH QUARTER AND FULL YEAR
2021
FINANCIAL RESULTS; INTRODUCES FULL YEAR 2022 GUIDANCE
    * Q4 GAAP LOSS PER SHARE $0.07
    * SEES FY REVENUE $415 MILLION TO $445 MILLION
    * Q4 NON-GAAP LOSS PER SHARE $0.03 EXCLUDING ITEMS
    * REVENUES INCREASED 46% TO $90.6 MILLION IN Q4
    * PLANS TO OPEN 15 TO 20 NEW GROWGENERATION GARDEN CENTERS
IN 2022
    * SAME-STORE SALES AT 26 LOCATIONS DECREASED (12.3)% IN Q4
OF 2021
VERSUS PRIOR YEAR
    * Q4 EARNINGS PER SHARE VIEW $-0.09, REVENUE VIEW $89.1
MILLION --
REFINITIV IBES DATA
    * FY2022 REVENUE VIEW $478.1 MILLION -- REFINITIV IBES DATA

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