Grove Collaborative Hldgs Q2 EPS $(0.32) Misses $(0.31) Estimate, Sales $66.11M Beat $63.44M Estimate
Portfolio Pulse from sunil@benzinga.com
Grove Collaborative Hldgs (NYSE:GROV) reported Q2 losses of $(0.32) per share, missing the analyst consensus estimate of $(0.31) by 3.23%. However, the company's losses have decreased by 93.96% compared to the same period last year. Quarterly sales were $66.11 million, beating the analyst consensus estimate of $63.44 million by 4.20%, but this is a 16.62% decrease from last year's sales.
August 14, 2023 | 8:56 pm
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GROV's Q2 earnings report shows mixed results with a miss on EPS but a beat on sales. However, both losses and sales have decreased compared to the same period last year.
GROV's EPS missed estimates, which could negatively impact the stock price. However, the company beat sales estimates, which could offset some of the negative impact. The decrease in losses YoY could be seen as a positive sign, but the decrease in sales YoY could be a concern for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100