Hydrofarm's 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 ...