share_log

GrowGeneration Stock Slumps On Q3 EPS Miss, Reduced FY21 Outlook

GrowGeneration Stock Slumps On Q3 EPS Miss, Reduced FY21 Outlook

GrowGeneration股票因第三季度每股收益失误而暴跌，降低了21财年前景
Benzinga Real-time News ·  2021/11/11 10:48
  • GrowGeneration Corp (NASDAQ:GRWG) reported third-quarter FY21 sales growth of 110.8% year-on-year, to $116 million, beating the analyst consensus of $114.78 million.
  • Comparable store sales for the quarter increased 15.7% versus last year.
  • E-commerce revenue, inclusive of Agron revenue, grew 169% Y/Y to $10.5 million.
  • The gross profit margin expanded 290 basis points Y/Y to 29.4%.
  • Total operating expenses jumped 210% Y/Y to $29.4 million.
  • The operating margin was 4%, and operating income for the quarter fell 8.4% to $4.6 million.
  • Adjusted EBITDA of $10.8 million increased 63.6% Y/Y.
  • EPS of $0.07 missed the analyst consensus of $0.09.
  • The company held $93 million in cash and equivalents as of September 30, 2021.
  • Outlook: GrowGeneration sees FY21 sales of $435 million - $440 million (prior view $440 million - $452 million), below the consensus of $448.38 million.
  • It reduced Adjusted EBITDA guidance to $41 million - $43 million (prior $47 million - $51 million).
  • Price Action: GRWG shares are trading lower by 9.98% at $21.01 on the last check Thursday.
  • GrowGeneration公司纳斯达克(GRWG：GRWG)公布21财年第三季度销售额同比增长110.8%，达到1.16亿美元，超出分析师预期的1.1478亿美元。
  • 该季度的可比门店销售额比去年同期增长了15.7%。
  • 包括Agron收入在内的电子商务收入同比增长169%，达到1050万美元。
  • 毛利率同比扩大290个基点至29.4%。
  • 总运营费用同比增长210%，达到2940万美元。
  • 营业利润率为4%，当季营业收入下降8.4%至460万美元。
  • 调整后的EBITDA为1080万美元，同比增长63.6%。
  • 每股收益0.07美元，低于分析师一致预期的0.09美元。
  • 截至2021年9月30日，该公司持有9300万美元的现金和等价物。
  • 展望：GrowGeneration预计21财年销售额为4.35亿-4.4亿美元(之前的预期为4.4亿-4.52亿美元)，低于4.4838亿美元的共识。
  • 它将调整后的EBITDA指引下调至4100万-4300万美元(之前为4700万-5100万美元)。
  • 价格行动：在周四的最后一次检查中，GRWG的股价下跌了9.98%，至21.01美元。
声明：本内容仅用作提供资讯及教育之目的，不构成对任何特定投资或投资策略的推荐或认可。 更多信息
    抢沙发