Grove Collaborative Holdings, Inc. (GROV) Reports Q3 EPS of $0.05

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Go back to Grove Collaborative Holdings, Inc. (GROV) Reports Q3 EPS of $0.05

Grove Announces Fiscal Third Quarter 2022 Financial Results and Raises Full-Year Guidance

November 10, 2022 4:05 PM EST

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 third quarter ended September 30, 2022.

Fiscal Third Quarter 2022 Financial Highlights:

Our financial highlights reflect our continued efforts to eliminate unprofitable revenue and drive improved margins, on a sequential basis, in order to be profitable in 2024.

Net revenue of $77.7 million, down 2% from the second quarter of 2022, and down 18% year-over-year Gross margin of 49.1%, in line... More