Grove Collaborative (NYSE:GROV) Issues Earnings Results, Beats Expectations By $0.03 EPS

Grove Collaborative (NYSE:GROV) released its quarterly earnings results on Thursday. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.03, FiscalAI reports. The company had revenue of $36.57 million during the quarter, compared to analyst estimates of $36.70 million.

Here are the key takeaways from Grove Collaborative’s conference call:

• Profitability and cash flow improved: Adjusted EBITDA was positive $0.5 million for the third consecutive quarter, while operating cash flow reached $1.3 million. Operating expenses fell 27% year over year.
• Revenue stabilized sequentially but remained under pressure: Second-quarter net revenue rose 1% quarter over quarter to $36.6 million, while declining 16.9% year over year; active customers and DTC orders fell roughly 23% year over year.
• Management is investing in future growth: Grove launched an improved subscription experience and drop-ship capabilities, plans to expand on Amazon, and expects disciplined increases in advertising and broader full-funnel customer acquisition.
• Full-year guidance was reaffirmed: Grove continues to expect 2026 revenue of $142.5 million to $152.5 million and adjusted EBITDA ranging from break-even to positive low single-digit millions, with sequential revenue improvement expected in each remaining quarter.
• CFO transition adds execution risk: CFO Tom Siragusa will leave on August 16 to pursue another opportunity, and the company is searching for his successor.

Grove Collaborative Stock Performance

Shares of NYSE:GROV traded down $0.04 during trading on Friday, reaching $1.08. The stock had a trading volume of 26,869 shares, compared to its average volume of 28,682. Grove Collaborative has a 1-year low of $1.01 and a 1-year high of $1.59. The stock has a market cap of $45.59 million, a PE ratio of -5.71 and a beta of 1.04. The business has a fifty day moving average price of $1.16 and a 200-day moving average price of $1.27.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Grove Collaborative stock. Vanguard Group Inc. boosted its holdings in shares of Grove Collaborative Holdings, Inc. (NYSE:GROV) by 6.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,069,804 shares of the company’s stock after acquiring an additional 61,028 shares during the period. Vanguard Group Inc. owned 2.61% of Grove Collaborative worth $1,605,000 at the end of the most recent reporting period. 91.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Grove Collaborative in a research note on Friday, July 24th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Grove Collaborative presently has an average rating of “Hold” and a consensus price target of $2.00.

Grove Collaborative Company Profile

Grove Collaborative is a direct-to-consumer digital marketplace offering a broad assortment of sustainable home and personal care products. Operating as a public benefit corporation, the company provides an online platform designed to simplify the shopping experience for eco-friendly essentials, including cleaning supplies, personal care items, baby and family products, wellness goods and pet care.

The company’s business model centers on a subscription-based delivery service that enables members to schedule regular shipments of both third-party and private-label products.