GrowGeneration Corp. (GRWG) Earnings Call Transcripts
GrowGeneration Corp.'s Latest Earnings Call - June 23, 2026
In the second quarter of fiscal year 2026, GrowGeneration Corp. (GRWG:US) reported a revenue forecast of $162 million to $168 million, signaling a potential recovery after several years of declining sales. Management emphasized that this would mark their first year of upward momentum since 2021, as they aim for EBITDA positivity after losses in the previous two years. The company also highlighted a significant reduction in inventory and a shift towards a business-to-business model, which could enhance operational efficiency and profitability moving forward.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | $162M - $168M (positive) |
| Adjusted EBITDA | positive (positive) |
| Gross Margin | 25.5% (positive) |
| Private Label Sales | 37% (positive) |
| Operating Expenses Reduction | 23.5% (positive) |
| Inventory | $40M (positive) |
Guidance from management
Management expects to achieve EBITDA positivity in 2026, marking a significant turnaround after previous losses. They forecast revenue in the range of $162 million to $168 million, indicating a recovery trend.
What analysts pressed on
Analysts expressed concerns regarding the impact of store closures on customer retention and sales growth. There were worries about the company's ability to maintain its customer base after reducing its physical presence significantly.
Main topics on the call
- Revenue Forecast Improvement — Management indicated a revenue forecast of $162 million to $168 million for 2026, stating, "this will be our first year of upward momentum" after consecutive declines. This is a positive sign for investors looking for gr...
- Transition to B2B Model — GrowGeneration has shifted from a retail-centric approach to a business-to-business model, which management believes will enhance efficiency and profitability. They stated, "we're not a retail company anymore. We're a B2...
- Cost Structure Optimization — The company has successfully reduced operating expenses by 23.5% in the first quarter of 2026, indicating improved cost management. Management noted, "we have taken out $27 million to '25," which reflects their commitmen...
- Inventory Reduction — GrowGeneration has significantly reduced its inventory from $130 million to $40 million, which is a critical step in improving cash flow and operational efficiency. Management highlighted this change, stating, "we still ...
Read the full GrowGeneration Corp. transcript (June 23, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About GrowGeneration Corp.
GrowGeneration Corp. (GRWG) is a publicly listed company in the Specialty Retail industry, within the Consumer Discretionary sector. It trades on NasdaqCM and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 29 calls on record spanning March 30, 2020 to June 23, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 29 GrowGeneration Corp. earnings call transcripts on record, spanning March 30, 2020 to June 23, 2026. Based on this history, GrowGeneration Corp. reports quarterly. The most recent call on file is dated June 23, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- GRWG
- Exchange
- NasdaqCM
- Country
- US
- Sector
- Consumer Discretionary
- Industry
- Specialty Retail
- Calls on record
- 29
- First call
- March 30, 2020
- Most recent
- June 23, 2026
- Reporting cadence
- quarterly