Grove Collaborative Holdings

Grove Collaborative Holdings, Inc. is a digital-first, sustainability-oriented consumer products innovator specializing in the development and sale of household, personal care, beauty, and other consumer products with an environmental focus. The company sells its products through two channels: a direct-to-consumer platform at www.grove.co and its mobile applications, where it sells products from Grove-owned brands and third parties, and a retail channel through which it sells products from Grove-owned brands at wholesale. It develops and sells natural products that are free from the harmful chemicals identified in its anti-ingredient list, and it designs form factors and product packaging that reduce plastic waste and improve the environmental impact of the categories in which it operates. The firm also purchases environmental offsets that have made it the first plastic-neutral retailer in the world, and it plans to become 100% plastic-free by 2025. The company is headquartered in San Francisco, CA.

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Grove Collaborative exceeds 2022 guidance, eyes profitability and growth

Grove Collaborative's Q4 2022 performance showcased strong financial progress and strategic growth initiatives.
While challenges like negative EBITDA margins persist, opportunities in retail and wellness categories offer growth potential.
Maintaining financial discipline and leveraging partnerships position Grove for continued success in 2023.
Overall, Grove's focus on profitability, sustainability, and strategic expansion bodes well for future growth.

Grove Collaborative achieves record margins, eyes growth through wellness

Grove Collaborative Holdings demonstrated robust financial performance with record gross margin and significant EBITDA margin improvements in Q1 2023.
Strategic initiatives such as omnichannel expansion, Grove Wellness platform launch, and increased revenue per order position the company for future growth.
While challenges persist in achieving profitability and managing expenses, exploring M&A opportunities and focusing on margin improvement offer avenues for sustained success.

Grove Collaborative reports record revenue and margin growth in Q2

Grove Collaborative's Q2 2023 performance reflects resilience and strategic growth despite some challenges.
The company's focus on sustainability, expansion initiatives, and margin improvements position it well for future profitability.
With new leadership, investments, and a clear roadmap, Grove is poised for continued success and market expansion.

Grove Collaborative achieves positive EBITDA, eyes sustainable growth strategies

Grove Collaborative's Q3 2023 performance reflects positive strides in achieving profitability, supported by operational improvements and a strong financial position.
The company's strengths in brand, talent, and mission for sustainable home care present growth opportunities through strategic customer experience enhancements and channel expansion.
Challenges persist in balancing profitability with investments and navigating consumer pressures, but Grove remains optimistic about its positioning and growth prospects.
Opportunities for Grove include expanding product assortment, optimizing marketing strategies, and leveraging omnichannel presence to drive sustainable growth and profitability.

Grove reports positive EBITDA, focuses on sustainability and growth

Grove Collaborative Holdings demonstrated improved profitability and sustainability efforts in Q4 2023.
While facing challenges in revenue decline, the company's focus on customer experience and margin improvement is commendable.
Opportunities lie in optimizing the subscription model, expanding product offerings, and leveraging sustainability for growth.
With a strong cash position and a positive outlook for revenue growth, Grove is positioned to navigate challenges and capitalize on opportunities.

Grove Collaborative reports stable earnings, eyes growth through sustainability

Grove Collaborative Holdings maintains financial stability with positive adjusted EBITDA and strong liquidity.
Focus on customer experience and sustainability enhances brand appeal and engagement.
Challenges lie in driving revenue growth, balancing sustainability with profitability, and meeting future financial targets.
Opportunities exist in product innovation, increased advertising, sustainability expansion, and achieving financial projections.

Grove Collaborative reports positive earnings, eyes sustainable growth strategies

Grove Collaborative's financial performance reflects a mix of positive trends and challenges, with a strategic focus on profitability and sustainability driving their growth strategy.
The company's strong balance sheet, revised guidance, and transition to Shopify's platform position them for sustainable growth and improved operational efficiency.
While facing revenue and customer challenges, Grove Collaborative remains optimistic about future growth opportunities and is actively addressing operational hurdles for long-term success.

Grove Collaborative achieves breakeven, focuses on sustainability and growth

Grove Collaborative's Q3 2024 performance reflects a strong focus on profitability, achieving breakeven on adjusted EBITDA and positive operating cash flow.
While facing challenges such as declining gross margin and customer metrics, the company's sustainability initiatives and financial discipline position it for future growth.
Opportunities lie in expanding product offerings, sustainability efforts, and revised revenue guidance, supported by strategic investments and a shift towards D2C channels.
Overall, Grove's financial stability, operational optimizations, and strategic direction indicate resilience and potential for sustained growth in the competitive market.

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Grove Collaborative Holdings, Inc. engages in the business of innovating sustainability-oriented consumer products. The firm is also involved in transforming consumer products into a positive force for human and environmental good. The company was founded by Stuart Landesberg and Christopher Clark in 2012 and is headquartered in San Francisco, CA.

SAN FRANCISCO--(BUSINESS WIRE)---- $GROV--Grove Collaborative to report third quarter 2023 financial results on Thursday, November 9 at 5:00PM ET, 2:00PM PT.

Grove to Report Third Quarter 2023 Financial Results on November 9, 2023

Grove Collaborative posted Q2 FY23 results with a decline in revenue and a net loss, despite cost control efforts. The technical chart of GROV is bearish, indicating a potential breakdown in the stock. Investing in GROV is risky due to its history of losses and volatile results, and profitability has not been achieved yet. A hold rating is assigned.

Grove Collaborative: Can Be Quite Volatile Financially And Technically

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Grove Collaborative Holdings, Inc. (NYSE:GROV ) Q2 2023 Earnings Conference Call August 14, 2023 5:00 PM ET Company Participants Stuart Landesberg - Chief Executive Officer Sergio Cervantes - Chief Financial Officer Conference Call Participants Susan Anderson - Canaccord Genuity Dana Telsey - Telsey Group Operator Good afternoon and thank you for standing by. Welcome to Grove Collaborative Holdings, Inc.'s Second Quarter 2023 Earnings Conference Call.

Grove Collaborative Holdings, Inc. (GROV) Q2 2023 Earnings Call Transcript

SAN FRANCISCO--(BUSINESS WIRE)--Grove Collaborative Holdings, Inc. (NYSE: GROV) (“Grove” or “the Company”), a leading sustainable consumer products company and Certified B Corp, announced today leadership changes to align the Company more closely with future growth and market expansion initiatives. CEO Transition After co-founding Grove Collaborative in 2012 and successfully leading the Company for over a decade, Stuart Landesberg will step down as CEO effective August 16, 2023 to become the Co.

Grove Collaborative Announces Leadership Updates

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, 2023. Fiscal Second Quarter 2023 Financial Highlights: Our financial highlights continue to reflect our progress to rapidly improve our bottom-line-results year-over-year and sequentially by increasing margins, creating operating efficiency, a.

Grove Announces Fiscal Second Quarter 2023 Financial Results

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 announced that it will report second quarter 2023 financial results after the market closes on Monday, August 14, 2023. The Company will host an investor conference call and webcast to review these financial results at 5:00pm ET / 2:00pm PT on the same day. The webcast can be accessed at https://investors.grove.c.

Grove to Report Second Quarter 2023 Financial Results on August 14, 2023

NEW YORK--(BUSINESS WIRE)--The New York Stock Exchange (“NYSE”, the “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the redeemable warrants of Grove Collaborative Holdings, Inc. (the “Company”), each five whole warrants are exercisable for one share of Class A common stock at an exercise price of $57.50 (the “Warrants”)— ticker symbol GROV WS — from the NYSE. Trading in the Company's Warrants will be suspended immediately. Trading i.

NYSE to Commence Delisting Proceedings with Respect to the Warrants of Grove Collaborative Holdings, Inc. (GROV WS)

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 released its fourth annual Sustainability Report for 2022-2023. The comprehensive report introduces new company sustainability initiatives, including an update on the Company's roadmap to be plastic free, and reaffirms its mission to transform the consumer products industry into a positive force for human and envi.

Grove Collaborative Releases Annual Sustainability Report

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 announced that its Board of Directors approved a reverse stock split of the Company's common stock at a 1-for-5 ratio. On May 24, 2023, the Company's stockholders approved a reverse stock split of the Company's common stock using a split ratio of not less than 1-for-5 and not more than 1-for-25, with the final det.

Grove Collaborative Announces 1-for-5 Reverse Stock Split

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 announced another significant retail expansion for Grove Co., its flagship home care brand. The Company added three retailers - Kroger, Costco and Hannaford - marking further progress in its omni-channel distribution expansion strategy. The latest retail additions brings the Company's retail footprint to over 5,70.

Grove Co. Announces New Retail Partnerships with Kroger, Costco and Hannaford

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 first fiscal quarter ended March 31, 2023. First Fiscal Quarter 2023 Financial Highlights: Our financial highlights reflect our progress to rapidly improve our bottom-line-results year-over-year and sequentially by increasing margins, creating operating efficiency, and eliminati.

Grove Announces First Fiscal Quarter 2023 Financial Results

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 announced that it will report fiscal first quarter 2023 financial results after the market closes on Thursday, May 11, 2023. The Company will host an investor conference call and webcast to review these financial results at 5:00pm ET / 2:00pm PT on the same day. The webcast can be accessed at https://investors.gr.

Grove to Report First Quarter 2023 Financial Results on May 11, 2023

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 announced that the Company will participate virtually in the upcoming Canaccord Genuity eCommerce Sustainable Advantage Forum. The Company will host a fireside chat presentation at 3:00 p.m. Eastern Time / 12:00 p.m. Pacific Time on Thursday, March 23, 2023.

Grove to Present at the Canaccord Genuity eCommerce Sustainable Advantage Forum

Grove Collaborative Holdings, Inc. (NYSE:GROV ) Q4 2022 Earnings Conference Call March 14, 2023 5:00 PM ET Company Participants Alexis Tessier – Director-Investor Relations Stuart Landesberg – Co-Founder and Chief Executive Officer Sergio Cervantes – Chief Financial Officer Conference Call Participants Susan Anderson - Canaccord Genuity Dana Telsey - Telsey Advisory Group Operator Greetings and welcome to the Grove Collaborative Holdings Fourth Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Grove Collaborative Holdings, Inc. (GROV) Q4 2022 Earnings Call Transcript

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 announced the launch of Grove Wellness, a dedicated online health and wellness hub that offers customers a curated assortment of high-quality and affordable health and wellness products hand-picked by a health expert.

Grove Collaborative Launches Grove Wellness, a Personalized Online Health and Wellness Hub

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 fourth quarter and full fiscal year ended December 31, 2022.

Grove Announces Fourth Quarter and Full Year 2022 Financial Results Ahead of 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 announced that it will report fiscal fourth quarter and full year 2022 financial results after the market closes on Tuesday, March 14, 2023. The Company will host an investor conference call and webcast to review these financial results at 5:00pm ET / 2:00pm PT on the same day.

Grove to Report Fourth Quarter and Full Year 2022 Financial Results on March 14, 2023

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 announced the launch of its new Grove Co. Fresh Horizons Limited Edition Collection with Drew Barrymore. An investor and the Company's Global Brand & Sustainability Advocate, Drew collaborated with the Grove Co.

Grove Co. Launches New Limited Edition Collection with Drew Barrymore

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 announced the official launch of its flagship home care brand, Grove Co., on Amazon, and at select Walmart stores nationwide and Walmart.com. The Company also announced its plastic-free personal care brand Peach not Plastic and vegan skincare brand Superbloom reached $1 million in sales on Amazon.

Grove Co. Continues Retail Expansion with Amazon and Walmart Debut; Grove Collaborative Personal Care and Skincare Brands Reach Milestone of $1 Million Amazon Sales

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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 announced that it has entered into a new Loan and Security Agreement (the “Loan Agreement”) providing for a four-year $72.0 million term loan.

Grove Announces Refinancing of Existing Debt, Extending Maturity with Principal Payments Beginning in 2025

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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 announced it has received notice (the “Notice”) from the New York Stock Exchange (the “NYSE”) that the average per share trading price of its common stock (the “Common Stock”) was below the NYSE's continued listing standard rule relating to minimum average share price. Rule 802.01C of the NYSE's Listed Company Manual requires that a company's common stock trade at a minimum average closing price of $1.00 over a consecutive 30 trading-day period.

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