Company News, Financial News

Grove Collaborative: Q4 and FY 2023 Results

Net revenue declines 3.1% in Q4 2023 and down 19.2% year-over-year.

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By: Lianna Albrizio

Associate Editor

Net revenue for Grove Collaborative in Q4 was $59.9 million, down 3.1% from the third quarter of 2023, and down 19.2% year-over-year.   For the full year 2023, net revenue was $259.3 million – which the company said landed within its full-year guidance range – decreased 19.4% year-over-year. This was driven by a decrease in DTC orders from a reduction in advertising spend, offset by an increase in DTC net revenue per order.   “I’m incredibly proud of the Grove Collaborative team ...

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