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Published on 13 Mar 2024 on Benzinga

GrowGeneration Reports Q4 & 2023 Results: Sales Dip, Earns More Per Sale Thanks To Smart Product...

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GrowGeneration Corp. GRWG, a top provider of hydroponic and organic gardening products reported its financial results for 2023, with net revenue reaching $225.9 million, outperforming expectations.

Despite this achievement, the year witnessed a revenue decrease of 18.8%. This decline, however, was accompanied by an improved gross margin attributed to a strategic shift towards proprietary product sales.

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