Grove Collaborative Holdings (GROV)
NYSE:GROV
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Earnings Data
Report Date
Aug 06, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.06Last Year’s EPS
-0.1Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed cautious optimism: operational fixes (mobile app relaunch, loyalty program), margin expansion (+180bps) and improved unit economics led to positive adjusted EBITDA and an upward revision to FY guidance. However, material YoY declines in revenue (‑16.8%), orders (‑19.2%) and active customers (‑18.5%), reduced ad investment, and modest cash balances remain meaningful headwinds. Management’s narrative emphasizes that the platform disruption is largely behind them and that recent cohort metrics justify gradual reacceleration of growth investments.Company Guidance
Adjusted EBITDA Turned Positive
Adjusted EBITDA of $0.3M (0.8% margin) in Q1 2026, the second consecutive quarter of positive adjusted EBITDA, marking improvement from negative $1.6M (‑3.7% margin) in the prior year period.
Gross Margin Expansion
Gross margin improved to 54.8%, up 180 basis points year‑over‑year (from 53.0% in Q1 2025), driven primarily by loyalty-driven, targeted promotions via Grove Green Rewards and improved AOV mix.
Product and Experience Recovery — Mobile App Relaunch
Custom mobile app relaunched mid‑February with positive early signals (5‑star reviews); app orders represent ~50% of non‑auto ship orders and are central to subscriptions and retention.
Improved Unit Economics and Cohort Behavior
Repeat order rates among recent cohorts recovered to pre‑migration levels; customer acquisition costs and marketing efficiency have improved, supporting management's plan to gradually reaccelerate advertising spend.
Strategic Loyalty Program Impact
Grove Green Rewards (launched Q4) enabled a shift from broad discounting to rewards‑based incentives, improving gross margin durability and giving flexibility in new customer acquisition offers; majority of active customers are members.
Operational Cost Reductions
SG&A decreased 17.4% YoY to $18.2M; product development expense down 19.4% to $1.4M, reflecting cost optimization and reduced consulting related to the prior platform migration.
Stronger Cash Flow Trends vs Prior Year
Operating cash flow was negative $0.7M in Q1, a substantial improvement from negative $6.9M in the prior year period, reflecting improved profitability and disciplined spending.
Raised Full‑Year 2026 Guidance
Management raised FY2026 net revenue guidance to $142.5M–$152.5M (from $140M–$150M) and adjusted EBITDA guidance to breakeven to positive low single‑digit millions (up from ~breakeven), expecting Q1 to be the revenue trough and sequential improvement each quarter.
Investment in Human Health and Brand Positioning
Onboarded a Chief Medical Adviser, initiated a Human Health Advisory Council and physician advisers, and launched The Unplastic Shop in partnership with Oceanic Preservation Society — strategic moves to deepen scientific authority and capitalize on increasing consumer/regulatory focus on chemicals and microplastics.
GROV Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
GROV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | $1.25 | $1.29 | +3.20% |
Mar 05, 2026 | $1.28 | $1.29 | +0.78% |
Nov 13, 2025 | $1.44 | $1.47 | +2.08% |
Aug 07, 2025 | $1.29 | $1.39 | +7.75% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Grove Collaborative Holdings (GROV) report earnings?
Grove Collaborative Holdings (GROV) is schdueled to report earning on Aug 06, 2026, After Close (Confirmed).
What is Grove Collaborative Holdings (GROV) earnings time?
Grove Collaborative Holdings (GROV) earnings time is at Aug 06, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is GROV EPS forecast?
GROV EPS forecast for the fiscal quarter 2026 (Q2) is -0.06.