Grove Collaborative Q2 revenue falls on smaller active customer base

Grove Collaborative Holdings

06/08/2026 21:49

Overview
US sustainable consumer goods retailer's fiscal Q2 revenue fell 16.9% yr/yr
Adjusted EBITDA positive for third straight quarter, reflecting operating discipline
Company reaffirmed full-year net revenue and Adjusted EBITDA guidance

Outlook
Grove reaffirms 2026 net revenue guidance of $142.5 mln to $152.5 mln
Company maintains 2026 Adjusted EBITDA guidance of breakeven to positive low single digit mlns
Grove expects sequential net revenue improvement in each remaining 2026 qtr

Result Drivers
SMALLER CUSTOMER BASE - Co said year-over-year revenue decline was mainly due to a smaller active customer base, reflecting lower advertising investment and customer attrition from 2025 ecommerce platform disruptions
NON-DTC CHANNEL GROWTH - Sequential revenue growth was driven by gains in non-DTC channels, mainly QVC and Amazon, partially offset by a slight decline in DTC revenue
LOWER OPERATING EXPENSES - Operating expenses fell 27% yr/yr due to reduced headcount, lower fulfillment costs, and decreased advertising spend

Company press release: ID:nBwbTmjJJa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Loss Per Share
 
$0.03
 
Q2 Net Loss
 
$920,000
 
Q2 Gross Profit
 
$19.59 mln
 
Q2 Operating Loss
 
$783,000
 

Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the online services peer group is "buy"
Wall Street's median 12-month price target for Grove Collaborative Holdings Inc is $2.00, about 80.2% above its August 5 closing price of $1.11

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)