First Quarter Revenue Increased by 173%, to $90 million
Comparable Store Sales for the Quarter Increased 51% from Prior Year
Record Earnings of $0.10 Per Share in the Quarter
DENVER, May 12, 2021 /PRNewswire/ - GrowGeneration Corp. (NASDAQ: GRWG), ( GrowGen or the Company ), the largest chain of specialty hydroponic and organic garden centers with 53 locations across 12 states, today reported record first quarter 2021 revenues of $90 million, versus $33 million in the same period last year.
The Company also reported record first quarter 2021 GAAP pre-tax net income of approximately $7.7 million, compared to pre-tax net loss of $2.1 million in the same period last year. Fully diluted earnings per share, inclusive of tax expense, was $0.10 compared to a net loss in the same period last year.
GrowGeneration Reports Record First Quarter 2021 Financial Results and Raises Full-Year 2021 Guidance. Record Revenue increased 173% to $90 million; 2021 Revenue. #GrowGen #GrowGeneration #GRWG