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Wednesday, May 8
Groupon (GRPN) is in no rush to find a permanent CEO, co-CEO Ted Leonsis states during the daily...
Groupon (GRPN) is in no rush to find a permanent CEO, co-CEO Ted Leonsis states during the daily deals leader's Q1 call. Discussing the gulf between Groupon's relatively healthy North American numbers and its European weakness, COO Kal Raman said there's "a tale of two Groupons." The company is hoping tech consolidation efforts will give international a lift. Regarding Groupon's still-low e-commerce margins, CFO Jason Child admitted Groupon's fulfillment, shipping, and infrastructure costs are too high. He promises margins will improve, but adds Groupon will continue optimizing for growth. (live blog) Shares +10.2% AH. (Q1: I, II)