.png)
3 hours ago
13
Exec-Edge
Wed, May 14, 2025, 3:19 PM 1 min read
In This Article:
By Karen Roman
Grove Collaborative Holdings, Inc. (NYSE: GROV) said full gross was $43.5 million, 18.7% little compared to $53.5 cardinal the twelvemonth prior, partially owed to its eCommerce level migration.
Adjusted EBITDA was $(1.6) cardinal compared to $1.9 cardinal year-over-year, portion DTC nett gross per bid accrued 0.3% to $66.49, it stated.
Operating expenses were down 12.2% to $26.6 cardinal compared to $30.3 cardinal the twelvemonth prior, the institution announced.
Grove updated its yearly guidance and expects full gross volition alteration mid-single-digit to debased double-digit percent points, it said.
“As we proceed to optimize the platform, amended advertizing efficiency, and grow our merchandise assortment, we judge these improvements volition thrust momentum successful the backmost fractional of the twelvemonth and acceptable the signifier for long-term, mission-aligned growth,” said Jeff Yurcisin, Grove Collaborative CEO.
Contact:
English (US) ·