Streetbeat News

GROV

Grove Collaborative Holdings, Inc.

https://www.grove.co

Industry

Household & Personal Products

Grove Collaborative Holdings, Inc. operates as a plastic neutral consumer products retailer in the United States. It provides household cleaning, personal care, laundry, clean beauty, baby, and pet care products for households. The company is based in San Francisco, California.

Open

1.34

Mkt cap

55M

Volume

1.7K

High

1.34

P/E Ratio

-1.96

52-wk high

2.49

Low

1.33

Div yield

N/A

52-wk low

1.19

Grove Collaborative has reaffirmed its FY24 revenue guidance of $215M-$225M, aligning with estimates of $221.889M. The company remains optimistic about achieving sequential revenue growth in the second half of the year and expects to report positive Adjusted EBITDA for the full fiscal year.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 8:41 pm

Grove Collaborative Holdings (GROV) reported Q1 EPS of $(0.10), surpassing the $(0.16) estimate, marking a 37.5% beat and a significant improvement from last year's $(0.39) per share. However, Q1 sales of $53.55M fell short of the $54.09M estimate, a 1.01% miss and a 25.18% decrease from the previous year's $71.56M.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 8:14 pm

Telsey Advisory Group analyst Dana Telsey reiterated an Outperform rating on Grove Collaborative Holdings (GROV) and maintained a $3 price target.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 1:29 pm

In Thursday's pre-market session, several consumer discretionary stocks showed notable movements. Grove Collaborative Holdings, Serve Robotics, Connexa Sports Techs, Visionary Holdings, and Mobileye Global were among the gainers, with Mobileye Global reporting a 6.87% increase following their Q1 earnings release. On the downside, Jakks Pacific, EpicQuest Education Group, MarineMax, Amesite, Massimo, and Genius Group experienced declines, with Jakks Pacific and MarineMax reporting their Q1 and Q2 earnings respectively.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 12:06 pm

In Wednesday's pre-market session, 11 consumer discretionary stocks showed significant movement. Notably, Sonder Holdings, Vision Marine, and Children's Place were among the top gainers, with increases of 18.2%, 16.43%, and 13.92% respectively. On the downside, Kaixin Holdings, Connexa Sports Technologies, and Allied Gaming led the losers, with declines of 8.3%, 7.15%, and 5.29% respectively. Vision Marine's rise followed its Q2 earnings report released two days prior.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 12:08 pm

Insiders at Retractable Technologies, Grove Collaborative Holdings, and Brightcove have recently made significant stock purchases. These transactions come amidst various company developments, including financial results and guidance updates. Retractable Technologies reported a loss, Grove Collaborative posted downbeat quarterly results, and Brightcove issued FY24 guidance below estimates.

Portfolio Pulse from Avi Kapoor

March 13, 2024 | 11:44 am

Telsey Advisory Group analyst Dana Telsey reiterated an Outperform rating on Grove Collaborative Holdings (GROV) and maintained a $3 price target.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 10:09 am

In Wednesday's after-market session, 11 consumer discretionary stocks showed significant movement. Notably, Rush Street Interactive (RSI) and Grove Collaborative Holdings (GROV) reported their Q4 earnings, leading to a 16.9% and 6.72% increase in their stock prices, respectively. Conversely, Victoria's Secret (VSCO) experienced a 19.1% decline after its Q4 earnings release. Other stocks such as PetMed Express (PETS) and ADT also saw notable price changes.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 9:31 pm

Grove Collaborative Holdings (GROV) reported Q4 2023 earnings with a GAAP EPS of $(0.270), missing the $(0.230) estimate, and sales of $59.857M, below the $61.450M estimate. This represents a 19.15% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 9:10 pm

Grove Collaborative Holdings (NYSE:GROV) reported Q4 earnings with an EPS of $-0.27, missing estimates by -17.0% and a revenue decrease of $14.18 million from the previous year. Despite past earnings misses, the company's share price increased by 9.0% the day after last quarter's earnings were announced.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 9:10 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.