GrowGeneration Narrows 2026 Revenue Guidance to $163–165 Million
Key Facts
On November 10, GrowGeneration narrowed its fiscal 2026 net revenue guidance to $163–165 million, compared with its previous range of $162–168 million, according to a filing with the U.S. Securities and Exchange Commission. The expected range is now narrower, while its lower end remains above the previous level. In the same filing, the company withdrew its previous 2026 guidance for Adjusted EBITDA, which ranged from $2 million to $3 million. It attributed the decision to the potential financial impact of fourth-quarter closures and restructuring, and to the timing of expected savings. The guidance revision came alongside the release of third-quarter results.
The company's net sales totaled $44.8 million in the third quarter of 2026, versus $47.3 million in the same period of 2025. GrowGeneration attributed the year-over-year decline to a lower store count. By contrast, it said revenue growth from the previous quarter was led by its business-to-business operations and increased penetration of its private-label brands. The company recorded net income of $0.2 million, after posting a net loss of $2.4 million in the third quarter of the previous year. It said the improvement in net results was $2.7 million.
The company attributed the improvement mainly to higher gross profit, driven by fee reimbursements and increased private-label penetration, along with lower operating expenses and reduced depreciation and amortization. It said growth in its business-to-business operations and wider private-label penetration supported revenue compared with the previous quarter. These factors come as the company reshapes its store base and reviews costs, which it cited among the reasons for withdrawing its Adjusted EBITDA guidance. GRWG shares closed at $1.57 on November 9, 2026. That was the session before the company announced its guidance update and results on November 10.
GrowGeneration said its restructuring and cost-cutting initiatives are aimed at reducing its fixed-cost base and supporting higher levels of profitability in 2027. It added that it will continue to focus on commercial sales growth and private-label expansion. The company thus links its cost-cutting measures with its commercial strategy, as net sales decline year over year. It held a call to discuss third-quarter results on November 10, 2026, at 4:30 p.m. Eastern time. The call covered quarterly results and updated fiscal-year guidance, according to its filing.