Hydrofarm Holdings Q3 Results: Revenue Decline But Improved Margins And Reduced Losses
Hydrofarm Holdings Group (NASDAQ:HYFM) posted its Q3 2024 results, showing mixed performance with a drop in net sales but improved gross margins.
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Key Financial Highlights
- Net Sales: Down 18.8% year-over-year, totaling $44.0 million, primarily due to lower demand in the cannabis sector.
- Gross Profit Margin: Increased significantly …