Grove Maintains Adjusted EBITDA Fiscal Guidance

Exec Edge

2024-11-14

By Karen Roman

Grove Collaborative Holdings, Inc. (NYSE: GROV) said operating cash flow was $0.8 million during Q3, the fourth consecutive quarter with positive results.

Revenue was $48.3 million compared to $61.8 million a year prior, it stated. The company announced the exit from brick & mortar channels to focus on e-commerce.

Grove’s new full year revenue guidance is $200 to $205 million, a change from $205 to $215 million, it said. Adjusted EBITDA margin will remain in the range of 0.5% to 1.5%.

“We are making essential progress in our multi-year turnaround journey,” said Jeff Yurcisin, Grove’s CEO. “First, we want to reinforce that, amidst this transformation, our priorities remain clear: drive profitability, strengthen our balance sheet, foster revenue growth, and advance sustainability.”

Contact:

Executives-Edge.com

Editor@executives-edge.com

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(NYSE: GROV) said operating cash flow was $0.8 million during Q3, the fourth consecutive quarter with positive results.</p>\n<p>Revenue was $48.3 million compared to $61.8 million a year prior, it stated. The company announced the exit from brick &amp; mortar channels to focus on e-commerce.</p>\n<p>Grove’s new full year revenue guidance is $200 to $205 million, a change from $205 to $215 million, it said. Adjusted EBITDA margin will remain in the range of 0.5% to 1.5%.</p>\n<p>“We are making essential progress in our multi-year turnaround journey,” said Jeff Yurcisin, Grove’s CEO. “First, we want to reinforce that, amidst this transformation, our priorities remain clear: drive profitability, strengthen our balance sheet, foster revenue growth, and advance sustainability.”</p>\n<p>Contact:</p>\n<p>Executives-Edge.com</p>\n<p>Editor@executives-edge.com</p></body></html>","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Grove Maintains Adjusted EBITDA Fiscal Guidance</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGrove Maintains Adjusted EBITDA Fiscal Guidance\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Exec Edge</strong><span class=\"h-time small\">2024-11-14 22:50</span>\n</p>\n</h4>\n</header>\n<article>\n<html><body><p><img height=\"5441\" src=\"https://s.yimg.com/uu/api/res/1.2/qYcFQhsiIzce4EDcrFifWA--/cT03NTthcHBpZD15dmlkZW9mZWVkczs-/https://media.zenfs.com/en/exec_edge_220/20d948c77dfa4102cb5a812b86645f4f\" width=\"7025\"/></p>\n<p>By Karen Roman</p>\n<p><a href=\"https://laohu8.com/S/GROV\">Grove Collaborative</a> Holdings, Inc. (NYSE: GROV) said operating cash flow was $0.8 million during Q3, the fourth consecutive quarter with positive results.</p>\n<p>Revenue was $48.3 million compared to $61.8 million a year prior, it stated. The company announced the exit from brick &amp; mortar channels to focus on e-commerce.</p>\n<p>Grove’s new full year revenue guidance is $200 to $205 million, a change from $205 to $215 million, it said. Adjusted EBITDA margin will remain in the range of 0.5% to 1.5%.</p>\n<p>“We are making essential progress in our multi-year turnaround journey,” said Jeff Yurcisin, Grove’s CEO. “First, we want to reinforce that, amidst this transformation, our priorities remain clear: drive profitability, strengthen our balance sheet, foster revenue growth, and advance sustainability.”</p>\n<p>Contact:</p>\n<p>Executives-Edge.com</p>\n<p>Editor@executives-edge.com</p></body></html>\n<div class=\"bt-text\">\n\n\n<p> 來源：<a href=\"https://finance.yahoo.com/news/grove-maintains-adjusted-ebitda-fiscal-145050992.html\">Exec Edge</a></p>\n<p>為提升您的閱讀體驗，我們對本頁面進行了排版優化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4200","symbol_name":"專賣店","start_time":0,"source_url":"https://finance.yahoo.com/news/grove-maintains-adjusted-ebitda-fiscal-145050992.html","article_id":"2483858473","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/mpsxWkWNeyI8p3xvy17a_w--~B/aD01NDQxO3c9NzAyNTthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/exec_edge_220/20d948c77dfa4102cb5a812b86645f4f"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483858473","pubTimestamp":1731595850,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Grove Collaborative Holdings, Inc.  said operating cash flow was $0.8 million during Q3, the fourth consecutive quarter with positive results.Revenue was $48.3 million compared to $61.8 million a year prior, it stated. The company announced the exit from brick & mortar channels to focus on e-commerce.Grove’s new full year revenue guidance is $200 to $205 million, a change from $205 to $215 million, it said. Adjusted EBITDA margin will remain in the range of 0.5% to 1.5%.“We are making essential progress in our multi-year turnaround journey,” said Jeff Yurcisin, Grove’s CEO. “First, we want to reinforce that, amidst this transformation, our priorities remain clear: drive profitability, strengthen our balance sheet, foster revenue growth, and advance sustainability.”","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4200":"专卖店","GROV":"Grove Collaborative","BK4122":"互联网与直销零售"},"translate_title":"格罗夫维持调整后的EBITDA财政指引","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GROV":0.9},"content_text":"By Karen Roman\nGrove Collaborative Holdings, Inc. (NYSE: GROV) said operating cash flow was $0.8 million during Q3, the fourth consecutive quarter with positive results.\nRevenue was $48.3 million compared to $61.8 million a year prior, it stated. The company announced the exit from brick & mortar channels to focus on e-commerce.\nGrove’s new full year revenue guidance is $200 to $205 million, a change from $205 to $215 million, it said. Adjusted EBITDA margin will remain in the range of 0.5% to 1.5%.\n“We are making essential progress in our multi-year turnaround journey,” said Jeff Yurcisin, Grove’s CEO. “First, we want to reinforce that, amidst this transformation, our priorities remain clear: drive profitability, strengthen our balance sheet, foster revenue growth, and advance sustainability.”\nContact:\nExecutives-Edge.com\nEditor@executives-edge.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"code":"91000000","status":"200"}}}