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Grove Collaborative Holdings, Inc. - $GROV STOCK NEWS

Welcome to our dedicated page for Grove Collaborative Holdings news (Ticker: $GROV), a resource for investors and traders seeking the latest updates and insights on Grove Collaborative Holdings stock.

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Rhea-AI Summary

Grove Collaborative Holdings, Inc. (NYSE: GROV) launches the Grove Co. Summer Edition Collection in collaboration with The Nature Conservancy, featuring sustainable home care essentials inspired by the Alaskan rainforest. The collection aims to support Indigenous-led conservation efforts in Southeast Alaska and promote deforestation-free practices through responsible sourcing and partnerships. Grove commits $1.5 million through 2030 to conserve two million acres in the Tongass National Forest. The collection highlights upcycled fragrances like Coastal Cedar and Summer Huckleberry, crafted with a cause to raise awareness about environmental sustainability.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.33%
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Rhea-AI Summary

Grove Collaborative Holdings, Inc. (NYSE: GROV) will report first quarter 2024 financial results on May 14, 2024. The company, a Certified B ™, specializes in sustainable consumer products and aims to create a positive impact on humans and the environment. Grove offers over 210 eco-friendly brands covering various household needs, including household cleaning, personal care, health, wellness, and more. They prioritize sustainability, high-quality performance, and ethical production, making them a trusted choice for conscientious consumers.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.33%
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conferences earnings
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Rhea-AI Summary
Grove Collaborative Holdings, Inc. announces a rebrand and product launches for its flagship brand, Grove Co., ahead of Earth Month. The company focuses on sustainability, reducing plastic waste, and enhancing visibility on retail shelves. Key sustainability initiatives include low plastic intensity, plastic recovery, plastic avoidance, and conservation efforts. Grove Co. unveils a refreshed identity emphasizing aluminum packaging and fragrance illustrations to communicate sustainability and product experience. The company consolidates all owned brand products under the Grove Co. label to simplify the customer experience. Grove launches the 'Perfect Isn't Sustainable' campaign to promote progress over perfection in sustainability efforts.
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Grove Collaborative Holdings, Inc. (NYSE: GROV) reported positive fourth quarter adjusted EBITDA of $0.1 million, second consecutive quarter of positive operating cash flow at $1.1 million, and record net revenue per order of $66.83. The company aims for profitable sequential revenue growth in the second half of 2024 and expects to be adjusted EBITDA positive for the full year. Despite revenue declines, Grove showed improvements in gross margin, operating expenses, and adjusted EBITDA margin, ending the fourth quarter with $94.9 million in cash. Key business highlights include customer-driven growth initiatives, sustainability efforts, and profitability improvements.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.83%
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Rhea-AI Summary
Grove Collaborative Holdings, Inc. (NYSE: GROV) will announce its Q4 and full year 2023 financial results on March 6, 2024. An investor call and webcast will follow to discuss the results.
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Rhea-AI Sentiment
End-of-Day
2.98%
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conferences earnings
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Grove Collaborative Holdings, Inc. appoints Scott Giesler as General Counsel. Giesler, an experienced leader, will oversee the company's legal function, providing critical expertise for the company's success. Before joining Grove, Giesler served as General Counsel of JustAnswer and Senior Vice President, General Counsel and Secretary of eHealth, Inc. He brings nearly thirty years of legal experience to guide Grove on its mission-driven journey.
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Company X, ticker symbol XYZ, becomes world's first plastic-neutral retailer and expands transparency with Beyond Plastic™ badging on website
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-0.49%
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partnership
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Grove Collaborative Holdings, Inc. (NYSE: GROV) reported a positive third quarter with an adjusted EBITDA of $0.2 million, record net revenue per order of $65.2, and gross margin of 53.8%. They expanded retail distribution to 7,500 stores, including partnerships with Wegmans and KeHE. However, they lowered revenue guidance by 2% while raising adjusted EBITDA margin guidance by 100 basis points.
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Rhea-AI Sentiment
End-of-Day
8.79%
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Grove Collaborative Holdings, Inc. will report Q3 2023 financial results on November 9, 2023. An investor conference call and webcast will be held to review the results. The webcast can be accessed at https://investors.grove.co/ and the conference call can be accessed by calling 800-274-8461.
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Rhea-AI Sentiment
End-of-Day
-5.39%
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conferences earnings
Rhea-AI Summary
Grove Collaborative announces CEO transition and leadership changes
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30.14%
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Grove Collaborative Holdings, Inc.

NYSE:GROV

GROV Rankings

GROV Stock Data

63.00M
15.66M
33.53%
35.27%
2.84%
Electronic Shopping
Retail Trade
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United States of America
SAN FRANCISCO