This year is likely to be a good one for ecommerce, with the segment expected to take away big slices of the total retail pie. Commerce Department numbers for the last quarter is proof of this: ecommerce sales in the first quarter of 2024 grew 8.6% over 1Q23 (2.1% sequentially), with total retail sales increasing 1.5% (-0.1% sequentially). Ecommerce accounted for around 15.9% of total U.S. retail sales. The convenience of online shopping remains the top reason for ecommerce volumes and this is particularly ...

Eric Lefkofsky knows the public listing rodeo well and is about to enter it for a fourth time. The serial entrepreneur, whose net worth is estimated at nearly $4 billion, has already taken three businesses he’s founded public. Today he’s the founder of Tempus, a genomic testing and data analysis company preparing to IPO. But he’s best known as the cofounder of daily deals pioneer Groupon, which went public at a valuation of nearly $13 billion in 2011, in one of that year’s most high-profile debuts.  Groupo ...

For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Groupon (GRPN) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Retail-Wholesale sector should help us answer this question.Groupon is one of 212 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #13 within the Zacks Sector Rank. The Zacks Sector Rank cons ...

Groupon (GRPN) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this online daily deal service have returned +41.1%, compared to the Zacks S&P 500 composite's +4.2% change. During this period, the Zacks Internet - Commerce industry, which Groupon falls in, has gained 3.5%. The key question now is: What could be the stock's future direction?Although media r ...

Groupon (GRPN) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this online daily deal service have returned +68.9%, compared to the Zacks S&P 500 composite's +5% change. During this period, the Zacks Internet - Commerce industry, which Groupon falls in, has gained 5.5%. The key question now is: What could be the stock's future direction?While media ...

Groupon stock could be a turnaround in the making.Groupon (GRPN 27.43%) -- remember Groupon? It's apparently still a thing -- reported earnings last night, and investors are cheering the results. Shares of the online coupon site soared 22.2% through 10:20 a.m. ET Friday after the company missed on earnings, but beat on sales.The question is why.Heading into the Q1 2024 report, analysts forecast Groupon would earn $0.05 per share on sales of $121.6 million. As it turned out, sales were better than expected a ...

Groupon (GRPN) reported non-GAAP earnings of 6 cents per share in the first quarter of 2024, beating the Zacks Consensus Estimate of a loss of 18 cents per share. The company reported a non-GAAP loss of 65 cents per share in the year-ago quarter.Revenues of $123.1 million beat the consensus estimate by 4%. The figure increased 1% on a year-over-year basis (up 1%, excluding the foreign exchange effect).Region-wise, North America revenues of $94.1 million beat the consensus mark by 10.7% and rose 5.5% year ov ...

Groupon 1st Quarter Earnings May 9th, 2024 Agenda Dusan Senkypl CEO ● CEO Commentary ● Financial Overview Jiri Ponrt ● Guidance CFO ● Q&A Rana Kashyap SVP, Corp Dev & IR ...

Groupon, Inc. (NASDAQ:GRPN) Q1 2024 Earnings Conference Call May 9, 2024 5:00 PM ET Company Participants Dusan Senkypl - Interim Chief Executive Officer Jiri Ponrt - Chief Financial Officer Conference Call Participants Sean McGowan - ROTH MKM Eric Sheridan - Goldman Sachs Operator Hello, and welcome to Groupon's First Quarter 2024 Financial Results Conference Call. On the call today are CEO Dusan Senkypl; CFO, Jiri Ponrt; and SVP Corporate Development and Investor Relations, Rana Kashyap. At this time, all ...

Groupon (GRPN) came out with quarterly earnings of $0.06 per share, beating the Zacks Consensus Estimate of a loss of $0.18 per share. This compares to loss of $0.65 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 133.33%. A quarter ago, it was expected that this online daily deal service would post a loss of $0.11 per share when it actually produced earnings of $0.30, delivering a surprise of 372.73%.Over the last four quarte ...