Grove laborative (GROV) - 2024 Q1 - Quarterly Results
GROVGrove laborative (GROV)2024-05-15 04:39

Exhibit 99.1 Grove Announces First Quarter 2024 Financial Results • First Quarter 2024 Adjusted EBITDA of 1.9million,AdjustedEBITDAmarginof3.51.9 million, Adjusted EBITDA margin of 3.5% • Launched Grove Co. rebrand alongside new Ready-to-Use Hand Soap, Dish Soap and Liquid Laundry Detergent • Completed headquarters lease restructuring; more than 5M of cash savings through May 2027 • Maintains full year 2024 Revenue and Adjusted EBITDA Guidance SAN FRANCISCO, CA — May 14, 2024 — Grove Collaborative Holdings, Inc. (NYSE: GROV) (“Grove” or “th ...