Gold prices steady ahead of Fed decision; weekly weakness noted
SAN FRANCISCO—Jeffrey Michael Yurcisin, President and CEO of Grove Collaborative Holdings, Inc. (NYSE:GROV), recently acquired 1,569 shares of Class A Common Stock in a transaction dated June 12, 2025. The shares were purchased at a price of $1.12 each, totaling approximately $1,757. According to InvestingPro data, this purchase comes as the stock has declined nearly 13% in the past week and 23% over the last six months.
Following this acquisition, Yurcisin now holds a total of 367,576 shares directly. This transaction reflects Yurcisin’s continued investment in the company, which is known for its eco-friendly home and personal care products. While the company maintains healthy liquidity with a current ratio of 1.48, InvestingPro analysis reveals 8 additional key insights about GROV’s financial health and market position in their comprehensive Pro Research Report, available exclusively to subscribers.
In other recent news, Grove Collaborative Holdings Inc. reported a notable decline in revenue for the first quarter of 2025, with figures falling 18.7% year-over-year to $43.5 million. The decrease in revenue was accompanied by a 16% drop in active customer count, now totaling 678,000. Despite these challenges, the company remains optimistic about future quarters, projecting revenue improvements and strategic growth initiatives. Grove Collaborative is focusing on strategic acquisitions and platform improvements to drive growth, having recently completed the acquisitions of third-party brands Grab Green and Eat Greens.
Additionally, the company highlighted the impact of its e-commerce platform migration, which led to a revenue impact estimated between $2 million and $3 million. This transition is expected to provide enhanced flexibility and new capabilities for future growth, although it has contributed to short-term disruptions. The company also noted an increase in advertising spend to $2.8 million, up by $800,000 from the previous year, aimed at improving new customer conversion and order economics. Analysts from Canaccord Genuity have shown interest in the company’s marketing strategies and platform transition progress.
Grove Collaborative has revised its full-year guidance, anticipating a mid-single to low double-digit percentage decline in revenue for 2025. The company expects the first quarter to be the lowest revenue quarter of the year, with improvements projected for the following quarters. Adjusted EBITDA is forecasted to range from negative low single digits to positive low single digits in millions, with growth targeted for the fourth quarter of 2025.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.