Why GrowGeneration Is Shooting 21% Higher Today
The share price of GrowGeneration (NASDAQ: GRWG) was growing at a 21% clip as of mid-afternoon trading on Thursday. This followed the release of its latest set of quarterly results after market hours the previous day.
For the third quarter of fiscal 2020, GrowGeneration booked sales of just over $55.0 million -- its 11th quarterly all-time high in a row, on the back of a 73% rise in same-store sales to $33.4 million. That top-line figure trounced the $21.8 million in the same period of 2019.
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Source Fool.com
