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.
News about Grove Collaborative Holdings, Inc. (NYSE: GROV) centers on its role as a plastic-neutral retailer and sustainable consumer products company operating in the electronic shopping segment. The company regularly issues updates through press releases and SEC Form 8-K filings that cover financial performance, operational changes, sustainability initiatives, and corporate governance developments.
Investors following GROV news will see quarterly earnings announcements that detail net revenue, gross margin, operating expenses, net loss, Adjusted EBITDA, cash flow, and key operating metrics such as direct-to-consumer total orders, active customers, and net revenue per order. Management commentary often addresses advertising investment, e-commerce platform migration, cost optimization, and the performance of Grove’s curated marketplace of clean and sustainable products.
Grove’s news flow also highlights its sustainability and technology initiatives. The company has announced an open-source approach to measuring the environmental impact of artificial intelligence adoption, developed with its carbon and energy management partner Gravity. It has also publicized partnerships with firms such as RELEX Solutions, to improve forecasting, replenishment, inventory management, and pricing, and Novi, to provide third-party validation of product claims like "plastic-free" and "cruelty-free" across its assortment.
Corporate and capital markets updates appear in GROV news as well, including notices related to New York Stock Exchange continued listing standards, amendments to loan and equity agreements, and changes in board and executive roles. For investors and observers, the GROV news page offers a consolidated view of financial results, strategic partnerships, sustainability milestones, and governance events that shape the company’s trajectory as an online destination for sustainable everyday essentials.
Grove Collaborative (NYSE: GROV) has acquired 8Greens, a natural wellness company specializing in greens supplements in gummy and effervescent tablet formats. The acquisition strengthens Grove's position in the wellness category and expands its focus on environmental and human health.
8Greens, founded in 2015, is known for supplements containing eight essential greens: spinach, kale, aloe vera, wheatgrass, blue green algae, barley grass, chlorella, and spirulina. Their product line includes powders, tablets, gummies, and lollipops targeting various wellness areas such as metabolism, gut health, immunity, brain focus, and skin health.
The products will be available through Grove's marketplace starting April 2025, alongside existing platforms including 8Greens' site, Amazon, and QVC. Founder Dawn Russell will join Grove as a consultant to develop educational content and support product development.
Grove Collaborative (NYSE: GROV) reported Q4 2024 financial results, marking sequential revenue growth for the first time since Q1 2022. Q4 revenue reached $49.5 million, up from $48.3 million in Q3 2024 but down from $59.9 million in Q4 2023.
Key Q4 metrics include:
- Gross margin of 52.4%
- Net loss of $12.6 million
- Positive operating cash flow of $0.3 million
- 717,000 total DTC orders
- 688,000 active customers
The company completed a $72 million voluntary term debt repayment in Q4 and announced two strategic acquisitions in Q1 2025: Grab Green and 8Greens. For 2025 outlook, Grove expects revenue to be flat to down mid-single digits year-over-year, with Q4 2025 projected to show low-single-digit growth. Adjusted EBITDA is expected to be breakeven to positive low-single digit millions.
Grove Collaborative Holdings (NYSE: GROV), the world's first plastic-neutral retailer and sustainable consumer products company, has scheduled its Fourth Quarter and Full Year 2024 financial results announcement for March 11, 2025 after market close.
The company will host an investor conference call and webcast at 5:00pm ET / 2:00pm PT on the same day. Investors can access the webcast at investors.grove.co or join via phone at 877-413-7205 (International: +1 201-689-8537). A replay will be available until April 11, 2025.
Grove operates as a one-stop online destination for sustainable everyday essentials, offering products across household cleaning, personal care, health and wellness, and other categories from over 300 brands focused on reducing plastic usage.
Grove Collaborative (NYSE: GROV) has launched its Spring Edition Collection in partnership with The 5 Gyres Institute, their plastics research partner since 2019. The collection features sustainable home essentials with two new natural origin fragrances: Atlantic Dune Grass and Pacific Primrose.
The collaboration aims to highlight the microplastics crisis while offering plastic-free alternatives. Grove has donated over $100,000 to 5 Gyres since 2019, supporting 19 research papers and 220+ legislative bills. The collection includes dish soap, hand soap, room sprays, laundry detergent sheets, and home goods, all packaged in recyclable aluminum, glass bottles, and recycled paper - completely free of single-use plastic.
The partnership addresses concerning statistics: 27 million tons of plastic packaging is landfilled yearly in the U.S., with only 5% being recycled. Over 11 million metric tons of plastic enters oceans annually, potentially reaching 53 million metric tons by 2030.
Grove Collaborative Holdings (NYSE: GROV) has completed the acquisition of substantially all assets of Grab Green, an eco-friendly cleaning products company. The acquisition strengthens Grove's position in sustainable home cleaning and aligns with its mission as the world's first plastic neutral retailer.
Grab Green, a third-party vendor partner with Grove since 2019, has been successful in sales and market share through its naturally-derived cleaning products lineup, including laundry detergents, dishwashing pods, and multipurpose cleaners. Co-founders Patricia Spencer and Michael Edell will join Grove in advisory roles to assist with integration and product development.
The products will continue to be available through Grove's online platform and Amazon, maintaining nationwide consumer access. This strategic move aims to scale both companies' environmental impact while expanding Grove's sustainable product offerings.
Grove Collaborative Holdings (NYSE: GROV) has launched 'Home Planet', a new blog platform focused on environmental sustainability and human health information. The blog aims to be a trusted resource for customers, providing educational content without direct product promotion.
The platform features five main categories: Sustainability 101, Reduce Plastic, Human Health, Quick Tips, and Community Stories. Content will include input from Wellness Advisors Kim Celmer and Emily Grochowski, partner features, and customer stories.
According to CEO Jeff Yurcisin, the initiative reflects Grove's strategy to build long-term customer relationships through shared values rather than transactional experiences. The blog, available at homeplanet.grove.co, emphasizes educational content over product listings, focusing on actionable insights and practical guidance for sustainable living.
Grove Collaborative (NYSE: GROV) reported Q3 2024 financial results with revenue of $48.3 million, down from $52.1 million in Q2 2024 and $61.8 million in Q3 2023. The company achieved positive operating cash flow of $0.8 million and secured a $15 million PIPE investment from Volition Capital. Grove announced its exit from brick & mortar retail to focus on e-commerce, as retail accounts for less than 4% of revenue and has been unprofitable since 2021. The company revised its full-year 2024 revenue guidance to $200-205 million while maintaining Adjusted EBITDA margin guidance of 0.5-1.5%.
Grove Collaborative Holdings (NYSE: GROV) announced it will release its second quarter 2024 financial results on November 12, 2024, after market close. The company will host an investor conference call and webcast at 5:00pm ET / 2:00pm PT the same day. The webcast will be accessible through the company's investor relations website, with a replay available until December 12, 2024. Grove is a sustainable consumer products company and plastic-neutral retailer offering household essentials from over 240 brands.
Grove Collaborative Holdings (NYSE: GROV), the first plastic-neutral retailer and sustainable consumer products company, announced it will release its third quarter 2024 financial results on November 12, 2024, after market close. The company will host an investor conference call and webcast at 5:00pm ET / 2:00pm PT on the same day. The webcast will be accessible at investors.grove.co and will remain available for 6 months. A conference call replay will be available until December 12, 2024.
Grove Collaborative Holdings, Inc. (NYSE: GROV) has announced a partnership pilot with Crescent Hotels & Resorts to launch a Beyond Plastic™ Stay at several U.S. properties. This initiative aims to create a more sustainable hotel experience for eco-conscious travelers and educate them about reducing plastic waste.
The program allows guests to select the Beyond Plastic™ Stay option when booking rooms, starting at a $50 premium. Rooms are equipped with sustainable products from brands like Grove Co., Alpine Provisions, and Seventh Generation, prioritizing refill systems and minimizing single-use plastics. Each guest opting for this stay saves approximately 50 standard-sized water bottles worth of single-use plastic.
To promote the partnership, a nationwide sweepstakes has been launched, offering winners a two-night stay at a participating property, a $1,000 Visa Gift Card, and a $500 Grove credit.