Anticipates significant cash outflows in Q1. Says results from local category were disappointing. Says not living up to full potential today. Says decided to accelerate phase 2 of restructuring Says plans to increase size of phase 2 plan by $50M. Says on track to reduce expense structure by $100M in phase 2. Says eliminating 500 positions globally by end of Q2. Comments and guidance taken from Q4 earnings conference call.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on GRPN:
- Groupon expects to reduce current cost structure by an additional $100M
- Groupon withdraws previous FY23 free cash flow, adjusted EBITDA margin guidance
- Groupon sees Q1 adjusted EBITDA ($10M)-($5M)
- Groupon reports Q4 adjusted EPS (38c), consensus (40c)
- Groupon options imply 7.4% move in share price post-earnings