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Groupon(GRPN) - 2021 Q3 - Earnings Call Transcript
2021-11-05 17:08
Groupon, Inc. (NASDAQ:GRPN) Q3 2021 Earnings Conference Call November 5, 2021 10:00 AM ET Company Participants Aaron Cooper – CEO Damien Schmitz – CFO Jennifer Beugelmans – Chief Communications Officer Conference Call Participants Trevor Young – Barclays Ygal Arounian – Wedbush Securities Chad – Analyst Operator Good day everyone, and welcome to Groupon's Third Quarter 2021 financial results, conference call. At this time, all participants are in a listen-only mode. Question-and-answer session will follow t ...
Groupon(GRPN) - 2021 Q2 - Earnings Call Transcript
2021-08-06 18:47
Groupon, Inc. (NASDAQ:GRPN) Q2 2021 Earnings Conference Call August 6, 2021 10:00 AM ET Company Participants Jennifer Beugelmans - Chief Communications Officer Aaron Cooper - Interim CEO Melissa Thomas - CFO Conference Call Participants Trevor Young - Barclays Ygal Arounian - Wedbush Securities Neeraj Kookada - JPMorgan Operator Good day everyone and welcome to Groupon's Second Quarter 2021 Financial Results Conference Call. At this time all participants are in a listen-only mode. A question-and-answer sess ...
Groupon(GRPN) - 2021 Q2 - Quarterly Report
2021-08-04 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission File Number: 1-35335 Groupon, Inc. (Exact name of registrant as specified in its charter) Delaware 27-0903295 (State or other jurisdiction o ...
Groupon(GRPN) - 2021 Q1 - Earnings Call Transcript
2021-05-07 17:33
Groupon, Inc. (NASDAQ:GRPN) Q1 2021 Earnings Conference Call May 7, 2021 10:00 AM ET Company Participants Jennifer Beugelmans - Chief Communications Officer Aaron Cooper - Interim CEO Melissa Thomas - CFO Conference Call Participants Trevor Young - Barclays Bank Ygal Arounian - Wedbush Securities Operator Good day, everyone, and welcome to the Groupon's First Quarter 2021 Financial Results Conference Call. [Operator Instructions]. Today's conference call is being recorded. For opening remarks, I would like ...
Groupon, Inc. (GRPN) Presents at Morgan Stanley Technology, Media and Telecom Broker Conference Call - (Transcript)
2021-03-02 04:30
Summary of Groupon, Inc. Conference Call Company Overview - **Company**: Groupon, Inc. (NASDAQ: GRPN) - **Event**: Morgan Stanley Technology, Media and Telecom Conference - **Date**: March 1, 2021 - **Participants**: Aaron Cooper (Interim CEO), Matthew Bombassei (Morgan Stanley) Key Points Industry Context - The call occurs during a transformational period for Groupon amid the COVID-19 pandemic, impacting local businesses significantly [3][4]. Resilience and Cost Management - Groupon demonstrated resilience by quickly adapting to the pandemic, including reducing its workforce by approximately one-third, resulting in cost savings of about $250 million [4][5]. - The company focused on maintaining strong relationships with both customers and merchants during challenging times [4][6]. Recovery Strategy - Groupon is positioning itself for recovery as the pandemic subsides, emphasizing the importance of the Beauty & Wellness segment, which has remained active during COVID [9][10]. - The company plans to enhance its marketplace by improving the merchant value proposition, which includes offering lower-cost options and self-service tools for merchants [11][12]. Product Innovation - Groupon launched a new product called "Offers," which contributed to a 65%-70% improvement in inventory in test markets [15][16]. - Customer interactions showed low double-digit to high single-digit increases in billings compared to control cities, indicating positive reception of new offerings [17]. Merchant Engagement - The company is seeing strong receptivity from both new and existing merchants, with many adopting self-service tools and adding multiple items to their offerings [20][22]. - Groupon aims to create a trifecta of offerings: Deals, Offers, and Sponsored Listings, to cater to different merchant needs [24]. Customer Experience (CX) Enhancements - Significant changes to the customer experience are planned, including updates to the website and app, which have not been materially updated in five years [33]. - The goal is to facilitate repeat purchases and improve customer engagement through better navigation and call-to-action features [33][34]. Marketing and Branding - Groupon views the recovery period as an opportunity for a marketing and branding event, aiming to reshape its reputation and value proposition [36][41]. - Increased marketing spend is anticipated as the company seeks to educate consumers about its offerings [41]. International Strategy - Groupon has plans to apply learnings from the North American market to international markets once recovery allows for it [52]. Goods Business - While the Goods segment is not the primary focus, it will continue to play a role on the platform, transitioning to a third-party model to improve efficiency [49][50]. Additional Insights - The company is actively working on scaling Sponsored Listings, which are expected to enhance the overall marketplace experience for both merchants and customers [43][44]. - The self-service tool is seen as a critical component for driving margin expansion and increasing merchant satisfaction [46]. This summary encapsulates the key insights and strategic directions discussed during the conference call, highlighting Groupon's focus on recovery, product innovation, and enhancing both merchant and customer experiences.
Groupon(GRPN) - 2020 Q4 - Earnings Call Transcript
2021-02-26 21:11
Groupon, Inc. (NASDAQ:GRPN) Q4 2020 Earnings Conference Call February 26, 2021 10:00 AM ET Company Participants Jennifer Beugelmans – Chief Communications Officer Aaron Cooper – Interim Chief Executive Officer Melissa Thomas – Chief Financial Officer Conference Call Participants Trevor Young – Barclays Eric Sheridan – UBS Michael Ng – Goldman Sachs Douglas Anmuth – J.P. Morgan Operator Good day, everyone, and welcome to Groupon's Fourth Quarter 2020 Financial Results Conference Call. At this time, all parti ...