Groupon Shares Remain Down After Earnings

Shares of Groupon 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.