Hydrofarm posted Q2 net sales of $23.2 million, down 40.9% year over year.
Net loss narrowed to $10.6 million; loss per share improved to $2.23.
Gross margin rose 4.2 percentage points to 11.3% on a higher mix of proprietary brand products.
SG&A expense fell 37.7% to $10.1 million, aided by lower amortization expense.
The company closed the Aurora Peat Products sale for $16 million; proceeds reduced term loan debt as lenders extended forbearance through Aug. 31, 2026.
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