From Nasdaq: 2024-05-10 10:31:00

Groupon, Inc. (GRPN) reported earnings of 6 cents per share in Q1 2024, surpassing expectations of a loss of 18 cents per share. Revenues of $123.1 million beat estimates by 4%. Active customers at the end of Q1 were 16.1 million. The company had a GAAP operating income of $7.4 million.

For Q2 2024, Groupon expects revenues between $116-$122 million and adjusted EBITDA between $12-$17 million. Full-year 2024 revenue guidance is $489-$515 million with adjusted EBITDA of $80-$100 million. The company anticipates a positive free cash flow for 2024.

Groupon currently carries a Zacks Rank #1 (Strong Buy). Other top-ranked stocks in the retail-wholesale sector include The Gap (GPS), Amazon (AMZN), and Target (TGT). Amazon has gained 50.7% in the year-to-date period. The company predicts a significant surge in Bitcoin. Download the free report for more information.



Read more at Nasdaq: Groupon (GRPN) Q1 Earnings and Revenues Beat Estimates, Up Y/Y