Marketing expenses decreased 19.7% to $23.1 million. Selling, general and administrative expenses fell 11.6% year over year to $111.8 million in the reported quarter. In the fourth quarter, gross profit came in at $129.1 million, down 33.7% year over year. Customer MetricsĪt the end of the fourth quarter, Groupon had approximately 18.8 million active customers compared with 23.3 million at the end of the previous quarter.Īt the end of the fourth quarter, the company had approximately 8.07 million active customers based in North America and 5.03 million active international customers. North America Goods revenues declined 41.9% while International Goods revenues fell 53.5%, excluding the foreign exchange effect, on a year-over-year basis. On a consolidated basis, Goods revenues declined 50.6% year over year to $15.1 million. International Travel revenues decreased 50.7% in the reported quarter. North America Travel revenues declined 35.1% year over year. North America Local revenues decreased 31% while International Local revenues fell 29% year over year.Ĭonsolidated Travel revenues decreased 42.4% year over year to $5.9 million. Local revenues of $127.9 million declined 30% year over year (down 28% excluding the foreign exchange effect). International revenues fell 38% (down 30% excluding the foreign exchange effect) to $42.1 million. Region-wise, North America revenues slumped 32% year over year to $106.1 million. The figure declined 33.6% on a year-over-year basis (down 30% excluding the foreign exchange effect). Revenues of $148.2 million missed the Zacks Consensus Estimate by 8.58%. The company reported non-GAAP earnings of 18 cents per share in the year-ago quarter. Have you heard about contactless shopping at Sam’s Club? Now you can skip the checkout line by using the Scan & Go feature in the Sam’s Club app.Groupon ( GRPN Quick Quote GRPN - Free Report) reported fourth-quarter 2022 non-GAAP loss of 38 cents per share, wider than the Zacks Consensus Estimate of a loss of 23 cents. Sam’s Club makes it easy to shop with Scan & Go and curbside pickup! Limit 1 per person, but you may buy an additional 1 as a gift. Note that the promotional value will expire on April 30th, 2023.
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