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Grove Collaborative Holdings Inc. - GROV STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Grove Collaborative Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Grove Collaborative Holdings's position in the market.

News
Grove Collaborative Launches Grove Co. Rebrand with New Ready-to-Use Assortment in Beautifully Sustainable Aluminum Packaging
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 Announces Fourth Quarter and Full Year 2023 Financial Results
Rhea-AI Summary
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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earnings
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Grove to Report Fourth Quarter and Full Year 2023 Financial Results on March 6, 2024
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.98%
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conferences earnings
News
Grove Collaborative Appoints Scott Giesler as General Counsel
Rhea-AI Summary
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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Grove Collaborative Surpasses 15 Million Pounds of Nature-Bound Single-Use Plastic Collected Through Plastic Neutrality Commitment & Partnerships
Rhea-AI Summary
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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Rhea-AI Sentiment
End-of-Day
-0.49%
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partnership
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Grove Announces Fiscal Third Quarter 2023 Financial Results
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.79%
Tags
earnings
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Grove to Report Third Quarter 2023 Financial Results on November 9, 2023
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.39%
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conferences earnings
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Grove Collaborative Announces Leadership Updates
Rhea-AI Summary
Grove Collaborative announces CEO transition and leadership changes
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Rhea-AI Sentiment
End-of-Day
30.14%
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Grove Announces Fiscal Second Quarter 2023 Financial Results
Rhea-AI Summary
Grove Collaborative Holdings, Inc. (GROV) reports Q2 2023 financial results, including a net revenue of $66.1 million, down 7.6% from Q1 2023, and a raised adjusted EBITDA guidance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
30.14%
Tags
earnings
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Grove to Report Second Quarter 2023 Financial Results on August 14, 2023
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.95%
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conferences earnings
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Grove Collaborative Holdings Inc.

NYSE:GROV

GROV Rankings

#4571 Ranked by Market Cap
#5255 Ranked by Stock Gains
N/A Ranked by Dividends

GROV Stock Data

60.71M
15.66M
33.53%
35.27%
2.84%
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United States
San Francisco