In This Article:
Grove Collaborative Holdings (NYSE:GROV) Full Year 2024 Results
Key Financial Results
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Revenue: US$203.4m (down 22% from FY 2023).
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Net loss: US$28.3m (loss narrowed by 36% from FY 2023).
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US$0.76 loss per share (improved from US$1.28 loss in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Grove Collaborative Holdings EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 36%.
In the last 12 months, the only revenue segment was Online Retailers contributing US$203.4m. The largest operating expense was General & Administrative costs, amounting to US$103.2m (75% of total expenses). Explore how GROV's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 5.0% growth forecast for the Specialty Retail industry in the US.
Performance of the American Specialty Retail industry.
The company's shares are down 3.1% from a week ago.
Risk Analysis
Before you take the next step you should know about the 3 warning signs for Grove Collaborative Holdings that we have uncovered.
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