From Nasdaq: 2024-07-31 13:23:00

In the second quarter of 2024, Groupon (GRPN) reported a non-GAAP loss of 2 cents per share, wider than expected. Revenues of $124.6 million beat estimates, but decreased 3.5% YoY. North America revenues rose 2.6% while International revenues fell 21.1% YoY. Active customer numbers declined to 15.8 million.

Local revenues of $114.1 million beat estimates and rose 1.1% YoY. Consolidated Travel revenues declined by 29.7% YoY. Goods revenues decreased by 40.5% YoY. The company’s cash and cash equivalents increased to $178.1 million.

For Q3 2024, Groupon expects revenues of $114-$120 million with an adjusted EBITDA between $6-$11 million. Full-year revenue guidance is between $495-$515 million with an adjusted EBITDA of $65-$80 million. The company anticipates positive free cash flow for 2024.

Groupon carries a Zacks Rank #4 (Sell) and expects a free cash outflow for Q3. Better-ranked stocks in the retail-wholesale sector include The Gap (GPS), Amazon (AMZN), and Best Buy (BBY). The Gap has a Zacks Rank #1 (Strong Buy), while Amazon and Best Buy have a Zacks Rank #2 (Buy) each.



Read more at Nasdaq: Groupon (GRPN) Reports Loss in Q2, Revenues Decrease Y/Y