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 Q1 2024

Grove Collaborative achieves record gross margin, focuses on diversification

Grove Collaborative reported strong gross margin performance and operational improvements but faced declines in net revenue and active customers. The company is focusing on cost efficiencies, expanding into new markets, and diversifying their offerings through the launch of Grove Wellness.

Grove Collaborative reports record Q2 revenue and appoints new CEO

Grove Collaborative reported strong financial performance with record net revenue per order and improvements in gross margin and adjusted EBITDA loss. The company's focus on sustainability, expansion to brick-and-mortar locations, and positive performance on Prime Day are key highlights. However, challenges in achieving profitability and reducing adjusted EBITDA loss persist. The appointment of a new CEO and readiness to address analyst questions signal a focus on seizing growth opportunities.

Grove achieves positive EBITDA, focuses on sustainability and profitability

Grove achieved positive adjusted EBITDA for the first time, with a focus on profitability and a record high gross margin. While facing challenges from reduced advertising spend, the company is committed to long-term success and sees opportunities for sustainable growth.

Grove Collaborative reports positive Q4 earnings, eyes growth through sustainability

Grove Collaborative's Q4 2023 performance showcased positive financial metrics and a strong emphasis on sustainability and customer experience. While challenges like net losses persist, the company's strategic focus on growth optimization and innovation presents promising opportunities for the future.

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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.

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.

Grove Announces Fiscal Third Quarter 2023 Financial Results

SAN FRANCISCO--(BUSINESS WIRE)---- $GROV--Grove Collaborative to report third quarter 2023 financial results on Thursday, November 9 at 5:00PM ET, 2:00PM PT.

Grove to Report Third Quarter 2023 Financial Results on November 9, 2023

Grove Collaborative posted Q2 FY23 results with a decline in revenue and a net loss, despite cost control efforts. The technical chart of GROV is bearish, indicating a potential breakdown in the stock. Investing in GROV is risky due to its history of losses and volatile results, and profitability has not been achieved yet. A hold rating is assigned.

Grove Collaborative: Can Be Quite Volatile Financially And Technically

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Grove Collaborative Holdings, Inc. (NYSE:GROV ) Q2 2023 Earnings Conference Call August 14, 2023 5:00 PM ET Company Participants Stuart Landesberg - Chief Executive Officer Sergio Cervantes - Chief Financial Officer Conference Call Participants Susan Anderson - Canaccord Genuity Dana Telsey - Telsey Group Operator Good afternoon and thank you for standing by. Welcome to Grove Collaborative Holdings, Inc.'s Second Quarter 2023 Earnings Conference Call.

Grove Collaborative Holdings, Inc. (GROV) Q2 2023 Earnings Call Transcript

SAN FRANCISCO--(BUSINESS WIRE)--Grove Collaborative Holdings, Inc. (NYSE: GROV) (“Grove” or “the Company”), a leading sustainable consumer products company and Certified B Corp, announced today leadership changes to align the Company more closely with future growth and market expansion initiatives. CEO Transition After co-founding Grove Collaborative in 2012 and successfully leading the Company for over a decade, Stuart Landesberg will step down as CEO effective August 16, 2023 to become the Co.

Grove Collaborative Announces Leadership Updates

SAN FRANCISCO--(BUSINESS WIRE)--Grove Collaborative Holdings, Inc. (NYSE: GROV) (“Grove” or “the Company”), a leading sustainable consumer products company and certified B Corp, today reported financial results for its fiscal second quarter ended June 30, 2023. Fiscal Second Quarter 2023 Financial Highlights: Our financial highlights continue to reflect our progress to rapidly improve our bottom-line-results year-over-year and sequentially by increasing margins, creating operating efficiency, a.

Grove Announces Fiscal Second Quarter 2023 Financial Results

SAN FRANCISCO--(BUSINESS WIRE)--Grove Collaborative Holdings, Inc. (NYSE: GROV) (“Grove” or “the Company”), a leading sustainable consumer products company and certified B Corp™, today announced that it will report second quarter 2023 financial results after the market closes on Monday, August 14, 2023. The Company will host an investor conference call and webcast to review these financial results at 5:00pm ET / 2:00pm PT on the same day. The webcast can be accessed at https://investors.grove.c.

Grove to Report Second Quarter 2023 Financial Results on August 14, 2023

NEW YORK--(BUSINESS WIRE)--The New York Stock Exchange (“NYSE”, the “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the redeemable warrants of Grove Collaborative Holdings, Inc. (the “Company”), each five whole warrants are exercisable for one share of Class A common stock at an exercise price of $57.50 (the “Warrants”)— ticker symbol GROV WS — from the NYSE. Trading in the Company's Warrants will be suspended immediately. Trading i.

NYSE to Commence Delisting Proceedings with Respect to the Warrants of Grove Collaborative Holdings, Inc. (GROV WS)

SAN FRANCISCO--(BUSINESS WIRE)--Grove Collaborative Holdings, Inc. (NYSE: GROV) (“Grove” or “the Company”), a leading sustainable consumer products company and Certified B Corp, today released its fourth annual Sustainability Report for 2022-2023. The comprehensive report introduces new company sustainability initiatives, including an update on the Company's roadmap to be plastic free, and reaffirms its mission to transform the consumer products industry into a positive force for human and envi.

Grove Collaborative Releases Annual Sustainability Report

SAN FRANCISCO--(BUSINESS WIRE)--Grove Collaborative Holdings, Inc. (NYSE: GROV) (“Grove” or “the Company”), a leading sustainable consumer products company and Certified B Corp, today announced that its Board of Directors approved a reverse stock split of the Company's common stock at a 1-for-5 ratio. On May 24, 2023, the Company's stockholders approved a reverse stock split of the Company's common stock using a split ratio of not less than 1-for-5 and not more than 1-for-25, with the final det.

Grove Collaborative Announces 1-for-5 Reverse Stock Split

SAN FRANCISCO--(BUSINESS WIRE)--Grove Collaborative Holdings, Inc. (NYSE: GROV) (“Grove” or “the Company”), a leading sustainable consumer products company and Certified B Corp, today announced another significant retail expansion for Grove Co., its flagship home care brand. The Company added three retailers - Kroger, Costco and Hannaford - marking further progress in its omni-channel distribution expansion strategy. The latest retail additions brings the Company's retail footprint to over 5,70.

Grove Co. Announces New Retail Partnerships with Kroger, Costco and Hannaford

SAN FRANCISCO--(BUSINESS WIRE)--Grove Collaborative Holdings, Inc. (NYSE: GROV) (“Grove” or “the Company”), a leading sustainable consumer products company and certified B Corp™, today reported financial results for its first fiscal quarter ended March 31, 2023. First Fiscal Quarter 2023 Financial Highlights: Our financial highlights reflect our progress to rapidly improve our bottom-line-results year-over-year and sequentially by increasing margins, creating operating efficiency, and eliminati.

Grove Announces First Fiscal Quarter 2023 Financial Results

SAN FRANCISCO--(BUSINESS WIRE)--Grove Collaborative Holdings, Inc. (NYSE: GROV) (“Grove” or “the Company”), a leading sustainable consumer products company and certified B Corp™, today announced that it will report fiscal first quarter 2023 financial results after the market closes on Thursday, May 11, 2023. The Company will host an investor conference call and webcast to review these financial results at 5:00pm ET / 2:00pm PT on the same day. The webcast can be accessed at https://investors.gr.

Grove to Report First Quarter 2023 Financial Results on May 11, 2023

SAN FRANCISCO--(BUSINESS WIRE)--Grove Collaborative Holdings, Inc. (NYSE: GROV) (“Grove” or “the Company”), a leading sustainable consumer products company and certified B Corp™, today announced that the Company will participate virtually in the upcoming Canaccord Genuity eCommerce Sustainable Advantage Forum. The Company will host a fireside chat presentation at 3:00 p.m. Eastern Time / 12:00 p.m. Pacific Time on Thursday, March 23, 2023.

Grove to Present at the Canaccord Genuity eCommerce Sustainable Advantage Forum

Grove Collaborative Holdings, Inc. (NYSE:GROV ) Q4 2022 Earnings Conference Call March 14, 2023 5:00 PM ET Company Participants Alexis Tessier – Director-Investor Relations Stuart Landesberg – Co-Founder and Chief Executive Officer Sergio Cervantes – Chief Financial Officer Conference Call Participants Susan Anderson - Canaccord Genuity Dana Telsey - Telsey Advisory Group Operator Greetings and welcome to the Grove Collaborative Holdings Fourth Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode.

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