GrowGeneration (GRWG) Earnings Date & Reports

Key Takeaways

• GrowGeneration is scheduled to report its third quarter 2026 results (the quarter ended September 30, 2026) on Tuesday, November 10, 2026, after the market close, followed by a conference call at 4:30 p.m. ET.
• Wall Street consensus points to roughly breakeven earnings per share (EPS) of about $0.01 on revenue near $45.04 million for the quarter.
• Management has guided third-quarter consolidated net sales to a range of $44 million to $46 million and expects positive adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization).
• Full-year 2026 guidance was reaffirmed at $162 million to $168 million in net revenue, while the adjusted EBITDA outlook was raised to $2 million to $3 million.
• In the prior-year period, the company reported revenue of $47.25 million and a loss of $0.04 per share, meaning a slight year-over-year revenue decline is anticipated.
• Investors will closely watch proprietary-brand penetration and gross margin, both central to the company's path toward profitability.
• For more context, you can explore GrowGeneration's Major News, Today's Price Move, Price Targets, and Forecast on additional pages.
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Earnings Context and Why It Matters

GrowGeneration Corp. is one of the nation's largest suppliers of specialty products for controlled environment agriculture (CEA), commercial cultivation, and garden centers. Its third-quarter report arrives at a pivotal moment in a multi-year restructuring, as the company shifts toward higher-margin proprietary brands and a business-to-business (B2B) commercial model. After years of store closures and cost cuts, recent quarters have shown sequential revenue growth, gross margin expansion, and a return to positive adjusted EBITDA. The third quarter is seasonally important because it captures the outdoor cultivation and gardening season. For investors, the report offers a direct read on whether management's profitability roadmap remains on track and whether the turnaround can be sustained.

Earnings Expectations

Analysts expect GrowGeneration to report EPS of roughly $0.01, near breakeven, on revenue of approximately $45.04 million for the third quarter of 2026. That revenue figure would represent a modest year-over-year decline from the $47.25 million reported in the third quarter of 2025, when the company posted a loss of $0.04 per share. The company's own guidance calls for consolidated net sales of $44 million to $46 million and positive adjusted EBITDA for the quarter.

For the full year, management reaffirmed net revenue guidance of $162 million to $168 million and raised its adjusted EBITDA outlook to $2 million to $3 million, up from a prior expectation of roughly breakeven. Key metrics to watch include gross margin, which management expects to land between 27% and 29% for the full year, and proprietary-brand sales, targeted to reach about 40% of Cultivation and Gardening revenue by year-end. In the most recent quarter, revenue grew 5.5% year over year to $43.22 million and EPS of -$0.03 beat consensus.

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Market Reaction and Investor Sentiment

Sentiment heading into the report has been cautiously optimistic, reflecting a steady but uneven turnaround. Shares have gained roughly 18% over the past year, trailing the broader industry's gains, and the stock has carried a post-earnings drift bias following its August release. Investors appear focused less on the headline revenue figure and more on the quality of the result, namely margin trajectory, proprietary-brand mix, and whether adjusted EBITDA stays positive. Key risk factors include sensitivity to the health of the cannabis cultivation customer base, lingering tariff exposure on imported goods, and the possibility that the seasonal outdoor gardening strength does not fully offset softer demand elsewhere.

Forward Outlook and Key Factors to Monitor

Beyond the headline numbers, investors should watch several drivers that could shape GrowGeneration's path over the coming quarters.

Proprietary-brand penetration is perhaps the most important metric. Management has targeted roughly 40% of Cultivation and Gardening revenue by year-end, and progress here directly supports gross margin expansion, which is guided to a 27% to 29% range for the full year. Any commentary on the pace of that mix shift will matter.

Tariff-related developments are another area to monitor. The company has cited volatility in U.S. trade policy and previously noted that a potential refund related to IEEPA (International Emergency Economic Powers Act) tariffs, estimated at more than $2 million, could support full-year adjusted EBITDA. Investors will want clarity on whether that benefit materializes.

Finally, watch the broader cannabis supply chain. GrowGeneration does not touch the plant itself, but its fortunes track the capital spending of its cultivation customers. Management has pointed to increased bidding activity for lighting, dehumidification, and facility infrastructure, alongside potential regulatory tailwinds from cannabis rescheduling. Whether those signals translate into sustained equipment demand will be a key theme for the remainder of 2026.

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