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.”

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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. 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(NYSE: GROV) said operating cash flow was $0.8 million during Q3, the fourth consecutive quarter with positive results.\nRevenue was $48.3 million ...</p>\n\n<a href=\"https://finance.yahoo.com/news/grove-maintains-adjusted-ebitda-fiscal-145050992.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4122","symbol_name":"互联网与直销零售","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":{"BK4122":"互联网与直销零售","GROV":"Grove Collaborative","BK4200":"专卖店"},"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. 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