GrowGeneration reports Q1 EPS (14c), consensus (11c)

Reports Q1 revenue $47.888M, consensus $44.85M. Darren Lampert, GrowGeneration’s Co-Founder and Chief Executive Officer, stated, “I am pleased to announce our first quarter net revenue was at the top end of our expectations. We continued to see improvement across the business throughout the first quarter, attesting to the execution of our strategic initiatives over the prior two years. During the first quarter, our same-store sales, excluding e-commerce, was positive on a year over year basis for the first time in nine quarters. Given the stabilization of trends, we are reiterating our previously communicated full-year 2024 guidance.”