Grove Collaborative reports Q1 EPS (10c) vs (10c) last year

Reports Q1 revenue $43.5M, two estimates $47.01M. “We are not satisfied with our first quarter performance and recognize that our turnaround is taking longer than anticipated. That said, we continue to make steady progress and remain committed to executing our strategy to become the leading destination for natural and sustainable products,” said Jeff Yurcisin, Chief Executive Officer of Grove Collaborative (GROV). “Since joining Grove, my priority has been to first build a unique and differentiated customer experience – one that we believe is essential to unlocking long-term shareholder value through sustainable, profitable revenue growth.”