Grove Collaborative jumps on FY22 sales outlook raise

Grove Collaborative Holdings

11/11/2022 12:58

** Consumer goods firm Grove Collaborative Holdings Inc's
shares  GROV.N  jump 19.2% to $1.43 premarket 
    ** Co raises FY22 sales outlook to between $313 mln and $320
mln, from $302.5 mln to $312.5 mln forecast earlier
    ** Reports Q3 sales of $77.73 mln, beating estimates of
$69.7 mln - Refinitiv IBES data
    ** Up to Thursday's close, stock had fallen 88% YTD
 (Reporting by Johann M Cherian in Bengaluru)
 ((johann.mcherian@thomsonreuters.com;))