GrowGeneration sees FY23 revenue at top end of $220M-$225M range

Consensus $222.04M. The company now expects revenue for full-year 2023 to be at the top-end of the previously communicated guidance range of $220M to $225M. Adjusted EBITDA guidance for full-year 2023 remains unchanged to be between a loss of $4M to a loss of $6M. Darren Lampert, GrowGeneration’s co-founder and CEO, stated, “We are pleased with our efforts and progress we made Company-wide in 2023 leading us to announce our expectation of revenue at the top-end of our previously communicated range. We remain excited about our current slate of internal initiatives for 2024 and continue to prudently manage our business, focusing on creating a more nimble and efficient organization that is better-positioned for profitable growth this year and beyond.”