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Grove Collaborative Holdings (GROV)
NYSE:GROV
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Earnings Data
Report Date
Mar 18, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.15Last Year’s EPS
-$0.27Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 12, 2024
|% Change Since: -5.26%
|Next Earnings Date:Mar 18, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant progress in financial management, sustainability initiatives, and strategic investments, yet faced challenges with declining revenues, active customer reduction, and underperformance in brick-and-mortar channels. The sentiment reflects a balanced view with promising signs of transformation but with notable hurdles to overcome.Company Guidance
During Grove Collaborative Holdings, Inc.'s Q3 2024 earnings call, CEO Jeff Yurcisin and CFO Sergio Cervantes outlined guidance focused on profitability, balance sheet strength, revenue growth, and sustainability. The company achieved breakeven on adjusted EBITDA for the quarter, marking its fifth consecutive quarter of positive adjusted EBITDA. Additionally, Grove reported a 12% reduction in inventory from $27.8 million to $24.5 million. The company received a $15 million investment from Volition Capital, which will help repay $30 million of outstanding term debt, with only $7.5 million remaining under their asset-based loan facility. While net revenue was $48.3 million, reflecting a 7.3% decline from Q2 2024 and a 21.8% decline year-over-year, the company remains optimistic about sequential revenue growth in Q4 2024. However, they adjusted their 2024 net revenue guidance to a range of $200 million to $205 million, down from previous estimates. Grove continues to emphasize its commitment to sustainability, noting that its community has avoided and recovered 24.5 million pounds of plastic since 2020.Adjusted EBITDA Breakeven
The company achieved breakeven on adjusted EBITDA for the quarter, maintaining positive adjusted EBITDA for four consecutive quarters.
Positive Operating Cash Flow
Grove reported positive operating cash flow for the fourth quarter out of the last six, demonstrating effective cash management.
Inventory Reduction
Inventory levels were reduced from $27.8 million in Q2 2024 to $24.5 million in Q3 2024, optimizing for current business scale.
Investment from Volition Capital
An additional $15 million investment from Volition Capital was secured, following a $10 million investment in August 2023, aiding in debt repayment.
Sustainability Initiatives
The Beyond Plastic Impact Tracker was launched, allowing customers to track plastic avoidance and recovery, totaling 24.5 million pounds since 2020.
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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 |
|---|---|---|---|
| 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% |
| Mar 06, 2024 | $2.23 | $2.10 | -5.83% |
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 (GROV) report earnings?
Grove Collaborative Holdings (GROV) is schdueled to report earning on Mar 18, 2025, TBA Not Confirmed.
What is Grove Collaborative Holdings (GROV) earnings time?
Grove Collaborative Holdings (GROV) earnings time is at Mar 18, 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 2024 (Q4) is -$0.15.
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