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Grove Collaborative Holdings, Inc. (GROV)
:GROV
RESEARCH TOOLSreports
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.04Last Year’s EPS
-0.1Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 11, 2025
|% Change Since: -31.33%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Neutral
The earnings call outlined several positive achievements, including sequential revenue growth, debt elimination, and strategic acquisitions. However, these were tempered by significant challenges such as a year-over-year revenue decline, customer attrition, and negative EBITDA. The call highlighted both progress and ongoing challenges in the company's transformation efforts.Company Guidance
In the call, Grove Collaborative Holdings, Inc. provided detailed guidance for 2025, highlighting several key financial metrics and strategic initiatives. The company anticipates that the first quarter of 2025 will be the lowest revenue quarter, with improvements expected through the second and third quarters, leading to year-over-year growth in the low single-digit percentage range by the fourth quarter. Full-year 2025 revenue is projected to be flat to down by a mid-single-digit percentage year-over-year. Moreover, Grove expects adjusted EBITDA to be in the breakeven to positive low single-digit millions range. The exit from the brick-and-mortar business is expected to be completed by mid-2025, which is anticipated to strengthen the bottom line. The company also discussed the impact of recent acquisitions on their financial results and emphasized their strategic focus on expanding third-party products and optimizing their Grove Co portfolio through increased innovation and alignment with consumer demands.Sequential Revenue Growth
For the first time since early 2022, Grove Collaborative achieved sequential revenue growth in Q4 2024, marking a significant milestone in their turnaround strategy.
Debt Elimination
The company fully eliminated $72 million in term debt by the end of 2024, significantly improving their financial position.
Positive Operating Cash Flow
Grove maintained positive operating cash flow in the fourth quarter, marking the third consecutive quarter of positive cash flow.
Strategic Acquisitions
Acquisitions of Grab Green and 8Greens were completed, expanding Grove's product offerings in eco-friendly cleaning and wellness categories.
Successful E-commerce Transition
Transition to Shopify platform is expected to unlock efficiencies and was partially completed, reducing the need for extensive in-house technical oversight.
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GROV Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GROV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 11, 2025 | $1.66 | $1.62 | -2.41% |
| Nov 12, 2024 | $1.52 | $1.34 | -11.84% |
| Aug 08, 2024 | $1.43 | $1.34 | -6.29% |
| May 14, 2024 | $1.66 | $1.53 | -7.83% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Grove Collaborative Holdings, Inc. (GROV) report earnings?
Grove Collaborative Holdings, Inc. (GROV) is schdueled to report earning on May 08, 2025, TBA Not Confirmed.
What is Grove Collaborative Holdings, Inc. (GROV) earnings time?
Grove Collaborative Holdings, Inc. (GROV) earnings time is at May 08, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GROV EPS forecast?
GROV EPS forecast for the fiscal quarter 2025 (Q1) is -0.04.
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