Remove GAAP Remove Profit and Loss Remove Restructuring Remove Retail
article thumbnail

Groupon Reports Wider Q2 Loss As It Focuses On Evolving Business Model

PYMNTS

Groupon reported a wider-than-expected loss during the second quarter, as it continued its efforts to restructure its core voucher-based business model and expand its international business. The firm said that gross profit fell 6 percent in North America to $219.4 The company reported non-GAAP earnings of $10.7