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Grove Brand products represented 51.7% of net revenue in the first quarter of 2022, an increase of 60 basis points from 51.1% in the first quarter of 2021.
June 2, 2022
By: Lianna Albrizio
Associate Editor
Grove Collaborative, Inc., a certified B Corp and leading sustainable consumer products company, reported net revenue in Q1 was $90.5 million, an 11% decrease year-over-year. The net loss margin is 52.4% compared to 37.1% in the first quarter of 2021. “The secular tailwinds powering the move away from plastic are long term and growing across the industry, and Grove is leading the charge,” said Stuart Landesberg, Grove CEO. “Our brand awareness continues to grow, and our innovative ass...
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