2019 Financial Highlights:
- Revenue of $80.0 million, up $51.0 million or 176% versus 2018.
- Revenue for Q4 2019 was
$26 million versus$9.1 million for Q4 2018. - Same store sales were up 62% for Q4 2019 versus Q4 2018.
- Same store sales were up 36% for fiscal year 2019 versus 2018.
- Total new store and acquired stores for 2019 totaled 11 new store locations.
- Fully deployed ERP platform across all locations.
- Up listed to the Nasdaq Exchange.
The 11 newly acquired stores and new store openings are all performing better than expected and have been successfully integrated into the operations of the overall Company. The Company is also investing in opening new store locations in markets that include
About
GrowGen owns and operates specialty retail hydroponic and organic gardening stores. Currently, GrowGen has 26 stores, which include 5 locations in Colorado, 5 locations in California, 2 locations in Nevada, 1 location in Washington, 4 locations in Michigan, 1 location in Rhode Island, 4 locations in Oklahoma, 3 locations in Maine and 1 location in
Forward Looking Statements:
This press release may include predictions, estimates or other information that might be considered forward-looking within the meaning of applicable securities laws. While these forward-looking statements represent our current judgments, they are subject to risks and uncertainties that could cause actual results to differ materially. You are cautioned not to place undue reliance on these forward-looking statements, which reflect our opinions only as of the date of this release. Please keep in mind that we are not obligating ourselves to revise or publicly release the results of any revision to these forward-looking statements in light of new information or future events. When used herein, words such as "look forward," "believe," "continue," "building," or variations of such words and similar expressions are intended to identify forward-looking statements. Factors that could cause actual results to differ materially from those contemplated in any forward-looking statements made by us herein are often discussed in filings we make with the
Connect:
- Website: www.GrowGeneration.com
- Facebook: GrowGenerationCorp
- Twitter: @GrowGenOK
- Instagram: @growgen
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