An announcement from Grove Collaborative Holdings ( (GROV) ) is now available.
On March 11, 2025, Grove Collaborative Holdings announced its financial results for the fourth quarter and full year of 2024, highlighting sequential revenue growth and positive operating cash flow for the first time since early 2022. The company also completed a $72 million voluntary repayment of term debt and reported positive Adjusted EBITDA for the full year, marking significant milestones in its turnaround strategy. The acquisition of 8Greens and Grab Green reflects Grove’s strategic focus on sustainability and innovation. Despite a year-over-year revenue decline due to reduced advertising spend, the company remains optimistic about its trajectory, aiming for year-over-year net revenue growth by the fourth quarter of 2025.
More about Grove Collaborative Holdings
Grove Collaborative Holdings, Inc. is a sustainable consumer products company that operates as the world’s first plastic neutral retailer. It is a certified B Corporation and Public Benefit Corporation, focusing on environmentally friendly and human health-oriented products.
YTD Price Performance: 14.89%
Average Trading Volume: 150,780
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $66.24M
Learn more about GROV stock on TipRanks’ Stock Analysis page.
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