![]() MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.Ĭopyright (c) 2023 Dow Jones & Company, Inc. This content was created by MarketWatch, which is operated by Dow Jones & Co. "While our first quarter results indicate that our business is facing serious challenges, I accepted the role of interim CEO of Groupon because I believe in Groupon's mission and I am confident that we have a winning transformation plan to rebuild Groupon and reposition it for future growth," interim Chief Executive Dusan Senkypl said in a statement. Analysts polled by FactSet expected an adjusted loss of 94 cents a share on sales of $135 million. Adjusted for one-time items, Groupon lost 65 cents a share. Groupon embarked on a restructuring plan in January and got a new chief executive in March In the first quarter, the company lost $29 million, or 95 cents a share, compared with a loss of $34.4 million, or $1.17 a share, in the year-ago period. Find great deals on all the best stuff to eat, see, and do near you and around the world. ![]() Enjoy discounts on everything from restaurants to fitness classes with Groupon coupons at RetailMeNot. The company also kept a going-concern warning in a filing and the mention that it continues to evaluate "several different strategies" to improve liquidity. Download Groupon and save up to 70 on the things you need every day. Find great deals with Groupon promo and coupon codes. ![]() (GRPN) dropped more than 1% in aftermarket Wednesday after the deals and coupons company said it was "facing serious challenges" to remain afloat and offered mixed quarterly results. Groupon, the coupon-centric marketplace once heralded as the future of ecommerce, has laid off over 500 employees as the economic conditions for tech companies worsen.
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