EarningsQ2 2026 Earnings Report
GRUSF Q2 2026 EPS Results
Actual EPS>-$0.01
Consensus EPS―
Beat/Miss―
One Year Ago EPS<$0.01
GRUSF Q2 2026 Revenue Results
Actual Revenue$10.95M
Expected Revenue―
Beat/Miss―
YoY Revenue Growth+40.71%
Earnings Announcement Details
QuarterQ2 2026
Date08/04/2026
TimeAfter Close
Conference CallTuesday, August 4, 2026
GRUSF Upcoming Earnings
Grown Rogue International's next earnings date is estimated for November 18, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
GRUSF Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call was overall positive: management reported record operational performance (notably in Michigan), clear progress on multi-state expansion (NJ, IL, MN), modest price recovery in Oregon, and demonstrated capital allocation discipline. Lowlights are largely operational/startup frictions, an ASP reporting distortion from a shake-based product in New Jersey, regulatory timing uncertainty in new states, and ongoing industry pricing volatility. The highlights — particularly the record cost and yield metrics, expanding capacity, and raised guidance supported by visibility — materially outweigh the manageable challenges discussed.Company Guidance
Record production efficiency in Michigan
Michigan delivered record yields and low costs: ~90 grams per square foot of flower and ~$277 per pound (flower-only). Management reported full-biomass costs below $200 per pound. Team execution set a new internal benchmark the company expects to replicate across other markets.
New Jersey momentum and capacity buildout
Strong demand in New Jersey with 100% of packaged flower sales this quarter and supplemental bulk purchases to meet demand. Active construction to reach full 16,000 sq ft flowering capacity by year-end to improve yields and lower unit costs.
Illinois and Minnesota expansion progress
Illinois: plants in building (early June) with first harvest expected in September and approval submitted / granted to expand to 10,000 sq ft canopy by year-end. Minnesota: finishing Phase I, aiming to bring plants into the building in August, first harvest by year-end and product sales targeted for Q1 2027.
Oregon price stabilization and technical improvements
Oregon experienced modest price recovery this quarter and management completed technical improvements (previously discussed) expected to drive yield and cost improvements in Q3–Q4; demand remains high.
Disciplined capital allocation and M&A approach
Management demonstrated discipline by walking away from an expensive bid for 4Front's Massachusetts operations. They articulated a clear return target: aim to generate $0.75 of operating profit for every $1 invested after 12–18 months of operational improvements.
Raised guidance supported by operational visibility
Company raised guidance based on stronger visibility into the year from record Michigan production volumes, improving pricing stability in key markets, and confidence in New Jersey execution.
Strong culture and cost-control focus
Leadership emphasized five internal pillars (love the plant, craft cultivation, continuous improvement, cost control, team-first) and an intentional effort to preserve a nimble, execution-focused culture while aggressively managing costs to improve margins.
GRUSF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed