Earnings Call Summary | Grove Collaborative(GROV.US) Q1 2024 Earnings Conference
Earnings Call Summary | Grove Collaborative(GROV.US) Q1 2024 Earnings Conference
The following is a summary of the Grove Collaborative Holdings, Inc. (GROV) Q1 2024 Earnings Call Transcript:
以下是格羅夫合作控股公司（GROV）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Grove Collaborative reported Q1 net revenue of $53.5 million, decline of 25.2% year-over-year and 10.5% quarter-over-quarter.
DTC net revenue per order was down 0.8% quarter-over-quarter but saw an increase of 7.5% year-over-year.
Gross margin increased by 110 basis points quarter-over-quarter and 350 basis points year-over-year to 55.5%.
Adjusted EBITDA for the quarter was $1.9 million, an improvement over previous quarter and the same quarter last year.
The company ended the quarter with net cash and cash equivalents of $81.6 million.
Grove Collaborative公佈的第一季度淨收入爲5,350萬美元，同比下降25.2％，同比下降10.5％。
DTC每筆訂單的淨收入同比下降0.8％，但同比增長7.5％。
毛利率同比增長110個點子，同比增長350個點子，達到55.5％。
本季度調整後的息稅折舊攤銷前利潤爲190萬美元，比上一季度和去年同期有所改善。
該公司在本季度末的淨現金及現金等價物爲8160萬美元。
Business Progress:
業務進展：
Grove expanded its third-party product assortment by 34% year-over-year with 41% of these products enlisted in new subscribe and save program.
The company launched various products under Grove Co., including new artwork, sustainable packaging, and ready-to-use hand soap, dish soap, and liquid laundry detergent.
Grove executed several sustainability initiatives and released its 2023 annual sustainability report.
A multiyear transformation has been initiated focused on customer experience, corporate restructuring, and brand development.
Grove sustained its adjusted EBITDA positive for the third consecutive quarter and expects its growth strategies to drive sequential growth in H2.
Growth in gross margin was driven both by third-party offerings and the Grove brand.
A rise in orders was noted, especially with VMS items, from 8% last year to 13.8% this year, showcasing the company's focus on wellness products.
Grove將其第三方產品種類同比增長了34％，其中41％的產品加入了新的訂閱和保存計劃。
該公司在Grove Co. 旗下推出了各種產品，包括新藝術品、可持續包裝以及即用型洗手液、洗潔精和液體洗衣液。
格羅夫執行了多項可持續發展舉措併發布了2023年年度可持續發展報告。
一項爲期多年的轉型已經啓動，重點是客戶體驗、企業重組和品牌發展。
格羅夫連續第三個季度保持調整後的息稅折舊攤銷前利潤爲正數，並預計其增長戰略將推動下半年的連續增長。
毛利率的增長是由第三方產品和Grove品牌推動的。
注意到訂單，尤其是VMS的訂單從去年的8％增加到今年的13.8％，這表明了該公司對健康產品的關注。
More details: Grove Collaborative IR
更多詳情： 格羅夫合作投資者關係
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。