MILWAUKEE, Feb. 19, 2020 /PRNewswire/ -- Ademi &
O'Reilly, LLP is investigating possible securities fraud claims
against Groupon Inc. (Nasdaq: GRPN) resulting from inaccurate
statements Groupon made regarding its internal controls, business
practices, financial statements and prospects.
Click here to learn more about the investigation:
http://ademilaw.com/case/groupon-inc or call Guri Ademi toll-free at 866-264-3995. There is
no cost or obligation to you.
The investigation focuses on whether Groupon issued false and
misleading statements regarding its business practices and
prospects. Specifically, substantially fewer customers than
anticipated were using Groupon Goods, which impacted overall
traffic to Groupon. The lower traffic was impeding performance in
all of Groupon's categories. Moreover, Groupon Select was
over-indexed to Groupon Goods, which was pressuring margins and
driving higher than anticipated customer acquisition costs.
Revenues for the fourth quarter were $612.3
million, down 23% from a year ago, and well below the Wall
Street consensus of $709.4 million.
Adjusted profits were 7 cents a
share, falling short of consensus at 15
cents.
If you wish to obtain additional information or have information
about this investigation of Groupon, please contact Guri Ademi either at gademi@ademilaw.com or
toll-free: 866-264-3995, http://ademilaw.com/case/groupon-inc.
We specialize in securities fraud and shareholder
litigation. For more information, please feel free to call
us. Attorney advertising. Prior results do not guarantee
similar outcomes.
Contact:
Ademi & O'Reilly, LLP
Guri Ademi
3620 East Layton Ave.
Cudahy, WI 53110
Toll Free: (866) 264-3995
Fax: (414) 482-8001
www.ademilaw.com
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SOURCE Ademi & O'Reilly, LLP