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 )--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 in the upcoming Morgan Stanley Global Consumer & Retail Conference being held at the InterContinental New York Barclay.

Grove Announces Participation in the Morgan Stanley Global Consumer & Retail Conference

NEW YORK , Nov. 14, 2022 /PRNewswire/ -- Purcell & Lefkowitz LLP, a class action law firm dedicated to representing shareholders nationwide, is investigating a potential breach of fiduciary duty claim involving the board of directors of Grove Collaborative Holdings, Inc. (NYSE: GROV). If you are a shareholder of Grove Collaborative Holdings, Inc. and are interested in obtaining additional information regarding this investigation, free of charge, please visit us at: https://pjlfirm.com/grove-collaborative-holdings-inc/ You may also contact Robert H.

SHAREHOLDER ALERT: Purcell & Lefkowitz LLP Is Investigating Grove Collaborative Holdings, Inc. for Potential Breaches of Fiduciary Duty By Its Board of Directors

Grove Collaborative Holdings, Inc. (NYSE:GROV ) Q3 2022 Earnings Conference Call November 10, 2022 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 Darla Whitlock – Telsey Advisory Group Operator Good afternoon, ladies and gentlemen, and thank you for standing by. Welcome to Grove Collaborative Holdings, Inc.'s Third Quarter 2022 Earnings Conference Call.

Grove Collaborative Holdings, Inc. (GROV) Q3 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 it has entered into a strategic partnership with HumanCo Investments, a subsidiary of HumanCo, the mission-driven health and wellness holding company co-founded by Jason H. Karp and Ross Berman. HumanCo and Grove are partnering with the intention of finding one or more scale, synergistic M&A opportunities which HumanCo would have an opportunity to fund with up to $100 million of new capital.

Grove Collaborative Announces Investment from HumanCo Along with Strategic Partnership

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.

Grove Announces Fiscal Third Quarter 2022 Financial Results and 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, announced today it has been chosen as a 2022 Safer Choice Partner of the Year by the United States Environmental Protection Agency (EPA) for the third consecutive year.

Grove Collaborative Named EPA 2022 Safer Choice Partner of the Year

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 third quarter 2022 earnings results after the market closes on Thursday, November 10, 2022.

Grove to Report Third Quarter Fiscal 2022 Financial Results on November 10, 2022

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 appointment of Kevin Cleary, Principal at Big Rock Growth Advisors LLC and former President and CEO at Clif Bar & Company, to its Board of Directors.

Grove Collaborative Expands Board of Directors with Appointment of Kevin Cleary

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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 the latest entrance of Grove Co., its flagship home care brand, into two additional retailers' stores and digital sites – Harris Teeter and H-E-B – bringing the brand's retail footprint to more than 4,000 stores.

Grove Collaborative Furthers Retail Expansion with Entry Into Harris Teeter and H-E-B, Reaching Milestone of More Than 4,000 Total Retail Stores

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 a notable retail expansion for Grove Co., its flagship home care brand, with its first drugstore retailer. As the Company continues to drive omni-channel growth, Grove, which is committed to become 100% plastic-free by 2025, has added its product assortment of zero plastic waste cleaner concentrates, dis

Grove Co. Continues Retail Expansion with Entry Into Thousands of More Stores

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 in the upcoming Piper Sandler Growth Frontiers Conference. The Company will host a fireside chat presentation at 3:30 p.m. Eastern Time / 12:30 p.m. Pacific Time on Tuesday, September 13, 2022. The fireside chat will be webcast live on the Company's Investor Relations w

Grove Announces Participation in the Piper Sandler Growth Frontiers Conference

SAN FRANCISCO--(BUSINESS WIRE)--Please replace the release dated Aug. 11, 2022 with the following corrected version. In the Condensed Consolidated Statements of Operations table, please note the addition of (As Restated) to the 2021 columns. Also note that the 2021 figures in the last two rows of the table have been replaced, as the weighted-average shares outstanding used in computing net loss per share attributable to common stockholders, basic and diluted for the three and six months ended J

CORRECTING and REPLACING Grove Announces Fiscal Second Quarter 2022 Financial Results

Grove Collaborative Holdings, Inc. (NYSE:GROV ) Q2 2022 Earnings Conference Call August 11, 2022 5:00 PM ET Company Participants Alexis Tessier - Investor Relations. Stuart Landesberg - Co-Founder & Chief Executive Officer Sergio Cervantes - Chief Financial Officer Conference Call Participants Dana Tesley - Telsey Advisory Group Operator Good day, ladies and gentlemen, and welcome to the Grove Collaborative 2Q 2022 Earnings Call.

Grove Collaborative Holdings, Inc. (GROV) CEO Stuart Landesberg on Q2 2022 Results - 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 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

Grove Announces Fiscal Second Quarter 2022 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 2022 earnings results after the market closes on Thursday, August 11, 2022. 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.co

Grove to Report Second Quarter Fiscal 2022 Financial Results on August 11, 2022

SAN FRANCISCO--(BUSINESS WIRE)--In an all-new video campaign, Grove Collaborative's Global Brand Advocate, Drew Barrymore, and Sir Richard Branson have come together to raise awareness about the growing issue of plastic waste – urging businesses and consumers alike to not look away while our pollution crisis gets worse. In a short video, Drew Barrymore and Sir Richard Branson explore together the lesser-known facts about the plastic crisis, including: People consume on average 44lbs (20kgs) of

Grove Collaborative and Virgin Group Launch New Campaign Against Plastic With Brand Advocate Drew Barrymore and Sir Richard Branson

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Kohl's

Buying pressure is powerful in GROV stock today in the wake of news that could set up Grove Collaborative as a sustainable-product leader. The post GROV Stock Soars 60% on Distribution Deal With Kohl's, Other Retailers appeared first on InvestorPlace.

GROV Stock Soars 60% on Distribution Deal With Kohl's, Other Retailers

In the latest example of the trend toward sustainability and increased at-home lifestyle, environmentally-friendly cleaning product company Grove Collaborative Holdings has expanded its retail store footprint, according to a Thursday (July 7) press release. After debuting last year in Target stores, the products are now available at Kohl's, Giant Eagle and Meijer, the release stated.

Grove Expands Its Sustainable Cleaning Products to Kohl's, Giant Eagle, Meijer

Grove Collaborative Holdings Inc. GROV, -5.44% announced expanded store distribution at three retailers, Kohl's KSS, -6.94% , Giant Eagle and Meijer, sending shares soaring nearly 9%. Grove Collaborative is a sustainable consumer products brand that is committed to being 100% plastic-free by 2025.

Grove Collaborative shares soar after expanded distribution to three retailers including Kohl's

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 a significant retail expansion for Grove Co., its flagship home care brand. The Company, which is committed to becoming 100% plastic-free by 2025, added three retailers - Kohl's, Giant Eagle and Meijer - as it continues to grow its omnichannel presence. Following the brand's launch into retail at Target

Grove Co. Expands Retail Footprint with Entry Into Kohl's, Meijer and Giant Eagle

SAN FRANCISCO--(BUSINESS WIRE)--Grove Collaborative Holdings, Inc. (NYSE: GROV) (“Grove” or “the Company”), a certified B Corp™ and leading sustainable consumer products company, today announced three additions to its Board of Directors including Virgin Group Investment Director Rayhan Arif, former eBay Chief Strategy Officer Kristine Miller, and GitHub Chief of Staff Naytri Shroff Sramek. Their appointments were effective on June 16. "We are delighted to have three new dynamic leaders joining

Grove Collaborative Strengthens Board of Directors with Appointment of Rayhan Arif, Kristine Miller and Naytri Shroff Sramek

SAN FRANCISCO--(BUSINESS WIRE)--Grove Collaborative (“Grove” or “the Company”) (NYSE: GROV), a certified B Corp™ and leading sustainable consumer products company, today announced that the Company will participate in two upcoming investor conferences. On June 20, 2022, the Company will virtually attend the 2022 Jefferies Global Consumer Conference. The Company will host a fireside chat that will be available for replay. On June 28, 2022, the Company will attend Wells Fargo's 2022 Virtual Bricks

Grove Collaborative Announces Participation in Upcoming Investor Conferences

Virgin Group Acquisition Corp II

SAN FRANCISCO & NEW YORK--(BUSINESS WIRE)--Grove Collaborative, Inc. (“Grove” or the “Company” ), a certified B Corp™ and leading sustainable consumer products company, and Virgin Group Acquisition Corp. II (“VGII”) (NYSE: VGII), a publicly traded special purpose acquisition company sponsored by Virgin Group, today announced the completion of their previously announced business combination. The transaction was approved on June 14, 2022 by VGII's shareholders. In connection with consummation of

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