Grove Collaborative Hldgs Q2 2024 GAAP EPS $(0.28) Misses $(0.15) Estimate, Sales $52.099M Miss $53.007M Estimate
Portfolio Pulse from Benzinga Newsdesk
Grove Collaborative Holdings (NYSE:GROV) reported Q2 2024 GAAP EPS of $(0.28), missing the $(0.15) estimate by 86.67%. Sales were $52.099M, missing the $53.007M estimate by 1.71% and down 21.19% from last year's $66.106M.
August 08, 2024 | 9:29 pm
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Grove Collaborative Holdings reported a significant miss on both EPS and sales for Q2 2024. The EPS of $(0.28) was far below the $(0.15) estimate, and sales of $52.099M missed the $53.007M estimate and were down 21.19% year-over-year.
The significant miss on both EPS and sales, combined with a notable year-over-year decline in sales, is likely to negatively impact GROV's stock price in the short term.
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IMPORTANCE 90
RELEVANCE 100