Adam JacksonNovember 1, 2023
The sales slide wasn't as strong as analysts expected.
Tag: hydroponics
Adam JacksonNovember 1, 2023Adam JacksonAugust 8, 2023
The hydroponics retailer is reeling back expectations for the second half of the year.
Adam JacksonAugust 2, 2023The company now anticipates its total net sales to fall by approximately 10-11% this year.
Adam JacksonMay 3, 2023
The company said it plans to provide an updated full-year outlook in June, after the spring season.
Adam JacksonAugust 15, 2022
Agrify Corporation (Nasdaq: AGFY) up-ticked in early trading Monday despite the company posting results far below analysts’ expectations — showing the waning demand for hydroponics amid the economic slowdown. The data-forward cannabis cultivator delivered its financial results for the first quarter ending June 30, 2022. Agrify delivered approximately $19.3 million in total revenue during the period, […]
Adam JacksonAugust 9, 2022
Hydrofarm Holdings Group, Inc. (Nasdaq: HYFM) slumped in trading on Tuesday as it posted second-quarter results that missed expectations — showing that consumer demand for hydroponics remained flat as a lack of regulatory guidance and recessionary pressures facing the sector persist. The company released its financial results for the second quarter ending June 30, 2022. […]
Adam JacksonAugust 8, 2022Agrify Corporation (Nasdaq: AGFY) will postpone its earnings call for an additional week as preliminary second-quarter results show that it missed expectations during a time when consumer demand for hydroponics is fading. The company announced the unaudited results for the second quarter ending June 30, 2022. While revenue is expected rose 64% to $19.3 million […]
Debra BorchardtAugust 3, 2022
The Scotts Miracle-Gro Company (NYSE: SMG) saw its shares pop in early trading despite the gardening company’s downbeat earnings. The lawn care and hydroponic company released its results for the third quarter ending July 2, 2022, with sales falling by 26 % on declines in both major business segments to $1.19 billion. This missed the […]
Debra BorchardtMay 23, 2022
Editors note: This interview has been edited. Green Market Report Executive Editor Debra Borchardt: When we look at what’s happening in the hydroponics market, it’s really not just a Hawthorne issue, it’s across the board. All these companies were saying things had slowed down, but that the market was going to get better at the […]
StaffMarch 8, 2022The Scotts Miracle-Gro Company (NYSE: SMG) stock was dropping 6% on news that the company lowered its full-year sales guidance for its hydroponic Hawthorne division. In addition, Scotts said the reduction would likely lead to adjusted earnings per share that are lower than previously expected. Shares were lately selling at $119, a big drop from […]
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