Grove reports Q2 EPS (10c) vs (28c) last year

Reports Q2 revenue $44M, down 15.5% year-over-year. “At Grove, we remain focused on building the leading marketplace of curated, clean and sustainable products for conscientious consumers-a platform defined by trust, rigorous standards, and a deep commitment to sustainability and personal wellness. While the second quarter brought both progress and setbacks as we navigated challenges from our eCommerce platform migration, we saw encouraging signs of recovery, including sequential revenue and order growth,” said Jeff Yurcisin, Chief Executive Office of Grove Collaborative (GROV). “Importantly, we delivered positive cash flow and made structural improvements that strengthen our path toward consistent profitability. Looking ahead, we expect to return to year-over-year revenue growth in the fourth quarter of this year for the first time since 2022-a major milestone in our transformation.”