Grove Collaborative Holdings

Grove Collaborative Holdings, Inc. is a digital-first, sustainability-oriented consumer products innovator specializing in the development and sale of household, personal care, beauty, and other consumer products with an environmental focus. The company sells its products through two channels: a direct-to-consumer platform at www.grove.co and its mobile applications, where it sells products from Grove-owned brands and third parties, and a retail channel through which it sells products from Grove-owned brands at wholesale. It develops and sells natural products that are free from the harmful chemicals identified in its anti-ingredient list, and it designs form factors and product packaging that reduce plastic waste and improve the environmental impact of the categories in which it operates. The firm also purchases environmental offsets that have made it the first plastic-neutral retailer in the world, and it plans to become 100% plastic-free by 2025. The company is headquartered in San Francisco, CA.

Earnings data Q2 2022

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Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Grove Collaborative exceeds 2022 guidance, eyes profitability and growth

Grove Collaborative's Q4 2022 performance showcased strong financial progress and strategic growth initiatives.
While challenges like negative EBITDA margins persist, opportunities in retail and wellness categories offer growth potential.
Maintaining financial discipline and leveraging partnerships position Grove for continued success in 2023.
Overall, Grove's focus on profitability, sustainability, and strategic expansion bodes well for future growth.

Grove Collaborative achieves record margins, eyes growth through wellness

Grove Collaborative Holdings demonstrated robust financial performance with record gross margin and significant EBITDA margin improvements in Q1 2023.
Strategic initiatives such as omnichannel expansion, Grove Wellness platform launch, and increased revenue per order position the company for future growth.
While challenges persist in achieving profitability and managing expenses, exploring M&A opportunities and focusing on margin improvement offer avenues for sustained success.

Grove Collaborative reports record revenue and margin growth in Q2

Grove Collaborative's Q2 2023 performance reflects resilience and strategic growth despite some challenges.
The company's focus on sustainability, expansion initiatives, and margin improvements position it well for future profitability.
With new leadership, investments, and a clear roadmap, Grove is poised for continued success and market expansion.

Grove Collaborative achieves positive EBITDA, eyes sustainable growth strategies

Grove Collaborative's Q3 2023 performance reflects positive strides in achieving profitability, supported by operational improvements and a strong financial position.
The company's strengths in brand, talent, and mission for sustainable home care present growth opportunities through strategic customer experience enhancements and channel expansion.
Challenges persist in balancing profitability with investments and navigating consumer pressures, but Grove remains optimistic about its positioning and growth prospects.
Opportunities for Grove include expanding product assortment, optimizing marketing strategies, and leveraging omnichannel presence to drive sustainable growth and profitability.

Grove reports positive EBITDA, focuses on sustainability and growth

Grove Collaborative Holdings demonstrated improved profitability and sustainability efforts in Q4 2023.
While facing challenges in revenue decline, the company's focus on customer experience and margin improvement is commendable.
Opportunities lie in optimizing the subscription model, expanding product offerings, and leveraging sustainability for growth.
With a strong cash position and a positive outlook for revenue growth, Grove is positioned to navigate challenges and capitalize on opportunities.

Grove Collaborative reports stable earnings, eyes growth through sustainability

Grove Collaborative Holdings maintains financial stability with positive adjusted EBITDA and strong liquidity.
Focus on customer experience and sustainability enhances brand appeal and engagement.
Challenges lie in driving revenue growth, balancing sustainability with profitability, and meeting future financial targets.
Opportunities exist in product innovation, increased advertising, sustainability expansion, and achieving financial projections.

Grove Collaborative reports positive earnings, eyes sustainable growth strategies

Grove Collaborative's financial performance reflects a mix of positive trends and challenges, with a strategic focus on profitability and sustainability driving their growth strategy.
The company's strong balance sheet, revised guidance, and transition to Shopify's platform position them for sustainable growth and improved operational efficiency.
While facing revenue and customer challenges, Grove Collaborative remains optimistic about future growth opportunities and is actively addressing operational hurdles for long-term success.

Grove Collaborative achieves breakeven, focuses on sustainability and growth

Grove Collaborative's Q3 2024 performance reflects a strong focus on profitability, achieving breakeven on adjusted EBITDA and positive operating cash flow.
While facing challenges such as declining gross margin and customer metrics, the company's sustainability initiatives and financial discipline position it for future growth.
Opportunities lie in expanding product offerings, sustainability efforts, and revised revenue guidance, supported by strategic investments and a shift towards D2C channels.
Overall, Grove's financial stability, operational optimizations, and strategic direction indicate resilience and potential for sustained growth in the competitive market.

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Grove Collaborative Holdings, Inc. engages in the business of innovating sustainability-oriented consumer products. The firm is also involved in transforming consumer products into a positive force for human and environmental good. The company was founded by Stuart Landesberg and Christopher Clark in 2012 and is headquartered in San Francisco, CA.

Grove Collaborative Holdings, Inc. (GROV) Q3 2024 Earnings Call Transcript

SAN FRANCISCO--(BUSINESS WIRE)---- $GROV--Grove Collaborative Announces Third Quarter 2024 Financial Results, including Positive Cash Flow, PIPE Investment, and Retail Business Update.

Grove Announces Third Quarter 2024 Financial Results

SAN FRANCISCO--(BUSINESS WIRE)---- $GROV--Grove Collaborative to report third quarter 2024 financial results on Tuesday, November 12 at 5:00PM ET, 2:00PM PT.

Grove to Report Third Quarter 2024 Financial Results on November 12, 2024

Grove to Report Second Quarter 2024 Financial Results on November 12, 2024

SAN FRANCISCO--(BUSINESS WIRE)---- $GROV--Grove Announced Partnership with Crescent Hotels & Resorts to Create a "Beyond Plastic™ Stay" to Support Eco-Conscious Travelers.

Grove Collaborative Announces “Beyond Plastic™ Stay” Partnership Pilot with Crescent Hotels & Resorts

SAN FRANCISCO--(BUSINESS WIRE)---- $GROV--Grove Collaborative Announces $15M PIPE Investment from Volition Capital.

Grove Collaborative Announces $15M PIPE Investment from Volition Capital

NEW YORK--(BUSINESS WIRE)---- $GROV--Grove Collaborative Announces Tech Stack Transition to Shopify, Ordergroove, Tapcart to Unlock Potential for Innovation and Scale.

Grove Collaborative Invests in Industry-Leading Tech Stack to Grow Customer Lifetime Value via Enhanced Customer Experiences

Grove Collaborative Holdings, Inc. (NYSE:GROV ) Q2 2024 Earnings Conference Call August 8, 2024 5:00 PM ET Company Participants Jeff Yurcisin - CEO Sergio Cervantes - CFO Conference Call Participants Alec Legg - Canaccord Genuity Operator Good afternoon and thank you for standing by. Welcome to Grove Collaborative Holdings, Inc.'s Second Quarter 2024 Earnings Conference Call.

Grove Collaborative Holdings, Inc. (GROV) Q2 2024 Earnings Call Transcript

SAN FRANCISCO--(BUSINESS WIRE)---- $GROV--Grove Collaborative Announces Second Quarter 2024 Financial Results, including Fourth Consecutive Positive Adjusted EBITDA Quarter.

Grove Announces Second Quarter 2024 Financial Results

SAN FRANCISCO--(BUSINESS WIRE)---- $GROV--Grove Collaborative to report second quarter 2024 financial results on Thursday, August 8 at 5:00PM ET, 2:00PM PT.

Grove to Report Second Quarter 2024 Financial Results on August 8, 2024

SAN FRANCISCO--(BUSINESS WIRE)---- $GROV--Grove Announces New Sustainability Goals, Updates on Plastic Free by 2025 Commitment, and Launches New Beyond Plastic™ Impact Tracker.

Grove Collaborative Announces New Sustainability Goals, Recommits to Moving the Industry Beyond Plastic™

Grove Collaborative Holdings, Inc. (NYSE:GROV ) Q1 2024 Earnings Call Transcript May 14, 2024 5:00 PM ET Company Participants Jeff Yurcisin - CEO Sergio Cervantes - CFO Conference Call Participants Susan Anderson - Canaccord Genuity Dana Telsey - Telsey Advisory Group Operator Good afternoon, and thank you for standing by. Welcome to Grove Collaborative Holdings, Inc.'s First Quarter 2024 Earnings Conference Call.

Grove Collaborative Holdings, Inc. (GROV) Q1 2024 Earnings Call Transcript

SAN FRANCISCO--(BUSINESS WIRE)---- $GROV--Grove Collaborative Announces Key Sustainability Updates, Including B Corporation Recertification and Launch of their 2023-2024 Sustainability Report.

Grove Collaborative Announces B Corporation Recertification & Releases 2023-2024 Sustainability Report

SAN FRANCISCO--(BUSINESS WIRE)---- $GROV--Grove Collaborative Announces First Quarter 2024 Financial Results, including Third Consecutive Positive Adjusted EBITDA Quarter.

Grove Announces First Quarter 2024 Financial Results

SAN FRANCISCO--(BUSINESS WIRE)---- $GROV--Grove Collaborative's Flagship Grove Co. Rebrand Recognized with a Dieline Award for Sustainable Packaging.

Grove Co.'s Bold, Sustainable Rebrand Recognized in The Dieline Awards 2024 Sustainable Packaging Category

SAN FRANCISCO--(BUSINESS WIRE)---- $GROV--Grove Collaborative Launches their Grove Co. Summer Limited Edition Collection in Partnership with The Nature Conservancy.

Grove Collaborative Launches Summer Limited Edition Collection with The Nature Conservancy

SAN FRANCISCO--(BUSINESS WIRE)---- $GROV--Grove Collaborative to report first quarter 2024 financial results on Tuesday, May 14 at 5:00PM ET, 2:00PM PT.

Grove to Report First Quarter 2024 Financial Results on May 14, 2024

SAN FRANCISCO--(BUSINESS WIRE)---- $GROV--Ahead of Earth Month, Grove Collaborative Launches Grove Co. Rebrand with New Ready-to-Use Assortment in Beautifully Sustainable Aluminum Packaging.

Grove Collaborative Launches Grove Co. Rebrand with New Ready-to-Use Assortment in Beautifully Sustainable Aluminum Packaging

Grove Collaborative Holdings, Inc. (NYSE:GROV ) Q4 2023 Earnings Conference Call March 6, 2024 5:00 PM ET Company Participants Jeff Yurcisin - Chief Executive Officer Sergio Cervantes - Chief Financial Officer Conference Call Participants Susan Anderson - Canaccord Genuity Operator Good afternoon and thank you for standing by. Welcome to Grove Collaborative Holdings Inc.'s Fourth Quarter and Full Year 2023 Earnings Conference Call.

Grove Collaborative Holdings, Inc. (GROV) Q4 2023 Earnings Call Transcript

SAN FRANCISCO--(BUSINESS WIRE)---- $GROV--Grove Collaborative Shares Fourth Quarter and Full Year 2023 Financial Results, including its Second Consecutive Positive Adjusted EBITDA Quarter.

Grove Announces Fourth Quarter and Full Year 2023 Financial Results

SAN FRANCISCO--(BUSINESS WIRE)---- $GROV--Grove Collaborative to report fourth quarter and full year 2023 financial results on Wednesday, March 6 at 5:00PM ET, 2:00PM PT.

Grove to Report Fourth Quarter and Full Year 2023 Financial Results on March 6, 2024

SAN FRANCISCO--(BUSINESS WIRE)---- $GROV--Scott Giesler joins Grove Collaborative as General Counsel, a leading sustainable consumer products company and world's first plastic-neutral retailer.

Grove Collaborative Appoints Scott Giesler as General Counsel

SAN FRANCISCO--(BUSINESS WIRE)---- $GROV #beyondplastic--Grove Collaborative's plastic neutrality commitment surpasses 15M lbs of plastic collected and expands with launch of Beyond Plastic™ badging on site.

Grove Collaborative Surpasses 15 Million Pounds of Nature-Bound Single-Use Plastic Collected Through Plastic Neutrality Commitment & Partnerships

Grove Collaborative Holdings, Inc. (NYSE:GROV ) Q3 2023 Earnings Conference Call November 9, 2023 5:00 PM ET Company Participants Jeff Yurcisin - CEO Sergio Cervantes - CFO Conference Call Participants Dana Telsey - Telsey Advisory Group Susan Anderson - Canaccord Genuity Operator Good afternoon, and thank you for standing by. Welcome to Grove Collaborative Holdings, Inc.'s Third Quarter 2023 Earnings Conference Call.

Grove Collaborative Holdings, Inc. (GROV) Q3 2023 Earnings Call Transcript

SAN FRANCISCO--(BUSINESS WIRE)---- $GROV #BeyondPlastic--Grove Collaborative Announces Fiscal Third Quarter 2023 Financial Results, including Positive Third Quarter Adjusted EBITDA - a first for the company.

News for Grove Collaborative Holdings Stock (GROV)