Grove Collaborative Holdings, Inc. (GROV) Tops Q2 EPS by 106c

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Go back to Grove Collaborative Holdings, Inc. (GROV) Tops Q2 EPS by 106c

Grove Announces Fiscal Second Quarter 2022 Financial Results

August 11, 2022 4:05 PM EDT

Raises Full-Year Guidance

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, 2022.

Fiscal Second Quarter 2022 Financial Highlights:

Our financial highlights represent the beginnings of our efforts to eliminate unprofitable revenue and drive improved margins, on a sequential basis, in order to be profitable in 2024

Net revenue of $79.3 million, down 12% from the first quarter of 2022, and down... More