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Company officials will work to eliminate unprofitable revenue and drive improved margins on a sequential basis to be profitable come 2024.
August 12, 2022
By: Lianna Albrizio
Associate Editor
Net revenue for Grove Collaborative, a leading sustainable consumer products company, was $79.3 million, representing a 12% decline from the first quarter of 2022 and down 20% year-over-year. The results, reported Thursday, reflect the fiscal second quarter ended June 30. Company officials called the results the start of its ongoing efforts to eliminate unprofitable revenue and drive improved margins, on a sequential basis, to be profitable in 2024. “I’m proud of o...
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