Specialty hydroponic and organic garden centers operator GrowGeneration Corp. (GRWG) has reported better-than-expected results for the third quarter ended September 30, 2021. The robust results were on the back of strong growth in revenues. Following the earnings, shares of the company declined 3.3% on Thursday. The stock, however, gained 4.5% to close at $23.60 in the extended trading session. Revenue & Earnings GrowGeneration reported quarterly revenues of $116 million, a significant jump from the previous year’s figure of $55 million. Moreover, the figure topped the consensus estimate of $114.78 million. The strong growth in revenues can be attributed to the 15.7% year-over-year rise witnessed in same-store sales to $59.2 million.
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Growgeneration (NASDAQ:GRWG)
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