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Groupon Shares Remain Down After Earnings

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Shares of Groupon (NASDAQ: GRPN) dropped after the company posted earnings Wednesday. They largely remained down during the conference call, trading near $4.44 after closing at $5.98 Wednesday.

On the call, management provided color on its different business sectors:

  • Groupon Getaways will be meaningful percentage of business in the long-run. Happy with the progress, but too early to report numbers on it.
  • Management declined to provide specific guidance on cash flow.
  • Groupon Goods had 6% direct margin in North America.
  • The company is trying hard to embrace a "one playbook" strategy for all 500 markets its involved in.
  • Increased active deal count in North America by over 300%.
  • Shifting to a searchable marketplace strategy; let consumers find deals on demand.
  • Groupon Goods has no trouble working with vendors. Companies love selling with Groupon Goods to clear inventory or test out new products.

Posted-In: Earnings News After-Hours Center Movers

 

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