Grove Collaborative Holdings Inc (GROV) Q3 2024 Earnings Call Highlights: Navigating Challenges ... [Yahoo! Finance]
Grove Collaborative Holdings, Inc. Class A (GROV)
Company Research
Source: Yahoo! Finance
Grove Collaborative Holdings Inc ( NYSE:GROV ) achieved break-even on adjusted EBITA for the quarter, marking four consecutive quarters of positive adjusted EBITA. The company reported positive operating cash flow for the fourth time in the last six quarters. Grove Collaborative Holdings Inc ( NYSE:GROV ) reduced its inventory from $27.8 million to $24.5 million, optimizing its inventory position. The company secured an additional $15 million investment from Volition Capital, aiding in debt reduction. Grove Collaborative Holdings Inc ( NYSE:GROV ) expanded its third-party brand offerings by 18.3% year-over-year on its e-commerce platform. Net revenue decreased by 7.3% quarter-over-quarter and 21.8% year-over-year, primarily due to fewer repeat orders and reduced advertising spend. Total orders and active customers both declined significantly year-over-year, by 22.8% and 30.4% respectively. The company reduced its revenue guidance for the second time this year, now expec
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News
- Daily Harvest Invests in Industry-Leading Tech Stack with Shopify, Ordergroove and Klaviyo to Power Future Growth and Innovative Customer Experience [Yahoo! Finance]Yahoo! Finance
- Grove Collaborative Holdings, Inc. (NYSE: GROV) had its "outperform" rating re-affirmed by analysts at Telsey Advisory Group. They now have a $2.00 price target on the stock.MarketBeat
- Grove Announces Third Quarter 2024 Financial ResultsBusiness Wire
- Grove to Report Second Quarter 2024 Financial Results on November 12, 2024Business Wire
- Grove Collaborative Announces "Beyond Plasticâ„¢ Stay" Partnership Pilot with Crescent Hotels & Resorts [Yahoo! Finance Canada]Yahoo! Finance Canada
GROV
Sec Filings
- 11/20/24 - Form 4
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- GROV's page on the SEC website