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Groupon Inc : Groupon Opens First Warehouse in Northern Kentucky

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11/18/2013 | 11:12pm CET

Groupon Goods Fulfillment Center Opened Today in Hebron, Ky.

Groupon (NASDAQ: GRPN)(http://www.groupon.com) today opened its Groupon Goods Fulfillment Center in Hebron, Ky., with a ribbon-cutting event attended by CEO Eric Lefkofsky, Lieutenant Governor Jerry Abramson, U.S. Representative Thomas Massie and other local dignitaries. The event also included the 100 member Beechwood High School Marching Band, who performed during the ceremony, the Kentucky Army National Guard color guard and 50 new employees from the warehouse.

(Left to Right) Kentucky State Senator Chris McDaniel, Kentucky State Representative Addia Wuchner,  ...

(Left to Right) Kentucky State Senator Chris McDaniel, Kentucky State Representative Addia Wuchner, U.S. Representative Thomas Massie, Judge-Executive Gary Moore, Kentucky Lieutenant Governor Jerry Abramson and Groupon CEO Eric Lefkofsky at the ribbon-cutting ceremony for Groupon's new warehouse, the Groupon Goods Fulfillment Center, in Hebron, Ky. Nov. 18, 2013. Photo by Rick Lucas.

The warehouse is the primary fulfillment center for Groupon's growing Goods business. Launched in 2011, Groupon Goods now accounts for more than $1.7 billion in annualized billings and serves as a world-class destination for quality brand name products.

"With its thriving workforce and vibrant community, Northern Kentucky is an ideal location for our new Groupon Goods Fulfillment Center," said Groupon CEO Eric Lefkofsky. "Opening Groupon's first warehouse here will help us better serve our customers, and we look forward to being a part of this great community."

About Groupon

Groupon (NASDAQ: GRPN) is a global leader in local commerce, making it easy for people around the world to search and discover great businesses at unbeatable prices. Groupon is reinventing the traditional small business world by providing merchants with a suite of products and services, including customizable deals, payments processing capabilities and point-of-sale solutions to help them attract more customers and run their operations more effectively. By leveraging the company's global relationships and scale, Groupon offers consumers incredible deals on the best stuff to eat, see, do, and buy in 48 countries. With Groupon, shoppers discover the best a city has to offer with Groupon Local, enjoy vacations with Groupon Getaways, and find a curated selection of electronics, fashion, home furnishings and more with Groupon Goods. To subscribe to Groupon emails, visit www.Groupon.com. To learn more about the company's merchant solutions and how to work with Groupon, visit www.GrouponWorks.com.

Groupon
Tim DeClaire, 312-459-5720
tdeclaire@groupon.com


© Business Wire 2013
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Financials ($)
Sales 2016 3 142 M
EBIT 2016 23,2 M
Net income 2016 -154 M
Finance 2016 620 M
Yield 2016 -
P/E ratio 2016 -
P/E ratio 2017
EV / Sales 2016 0,49x
EV / Sales 2017 0,40x
Capitalization 2 174 M
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Mean consensus HOLD
Number of Analysts 19
Average target price 5,13 $
Spread / Average Target 35%
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NameTitle
Richard Williams Chief Executive Officer & Director
Eric P. Lefkofsky Chairman
Michael O. Randolfi Chief Financial Officer
Peter J. Barris Independent Director
Brad A. Keywell Independent Director
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