Slight first quarter growth for Groupon | RetailDetail

Slight first quarter growth for Groupon

Slight first quarter growth for Groupon

Groupon's turnover grew 3 % in the first quarter of 2015, mainly thanks to the division Groupon Goods which sells physical products and managed a 14 % turnover growth over the past quarter.

Still losing money

Groupon's total turnover reached 750.4 million dollars (670 million euro) in the first quarter of 2015, 3 % higher than in the same period last year. More than half of its turnover, 480 million dollars (425 million euro), came from the United States where sales grew 11.3 %. Turnover in the rest of the world dropped 9 % to 270.4 million dollars (245 million euro). 

 

Groupon is widely known for its voucher sales, but Groupon Goods brings in 55 % of the company's turnover. In the first quarter of 2015, that division managed to grow its turnover 13.8 % to 415.5 million dollars (370 million euro).

 

Despite turnover growth in Groupon Goods, the company still posted a 14.3 million dollar (12.5 million euro) net loss. That is still better than last year's net loss, which reached 37.8 million dollars (34 million euro).

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