GrowGeneration Corp. reported first-quarter results that surpassed analysts’ expectations.
The farm supplies company’s first-quarter earnings came in at 10 cents per share, compared to the 8 cents per share expected by analysts polled by FactSet.
Revenue surged +173% year-over-year to $90 million in the quarter, also beating analysts’ estimate of $86.4 million.
Same-store sales grew +51% year-over-year, despite port delays and supply chain challenges (according to the company).
The company boosted its full-year revenue guidance between $450 million and $470 million – compared to its March guidance of between $415 million and $430 million. Analysts are expecting $426 million.