GROV - Grove Collaborative Holdings Inc. (GROV) Q1 2024 Earnings Call Transcript
2024-05-18 05:20:29 ET
Grove Collaborative Holdings, Inc. (GROV)
Q1 2024 Earnings Call Transcript
May 14, 2024, 05:00 PM ET
Company Participants
Jeff Yurcisin - CEO
Sergio Cervantes - CFO
Conference Call Participants
Susan Anderson - Canaccord Genuity
Dana Telsey - Telsey Advisory Group
Presentation
Operator
Good afternoon, and thank you for standing by. Welcome to Grove Collaborative Holdings, Inc.'s First Quarter 2024 Earnings Conference Call. At this time, all lines have been placed on mute to prevent any background noise. Following the speakers' remarks, we will open your lines for your questions. As a reminder, this conference call is being recorded. As a reminder, this conference call is being recorded. Hosting today's call are Grove's CEO, Jeff Yurcisin, and CFO, Sergio Cervantes. Before they begin their prepared remarks, I will review the forward-looking statement safe harbor.
Some of the statements made today about future prospects, financial results, business strategies, industry trends and Grove's ability to successfully respond to business risks may be considered forward-looking including statements relating to our intention to increase marketing spend, the addition of products to our subscribe and save program, future improvement in first order conversion rates and payback period, our net revenue and adjusted EBITDA margin guidance, sequential revenue growth in the second half of the year and adjusted EBITDA profitability for 2024. Such statements are based on current expectations and beliefs in our subject to a number of risks and uncertainties that could cause actual results to differ materially, including those factors discussed in our filings with the Securities and Exchange Commission. All of these statements are based on Grove's view today, and Grove assumes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. For more information, please refer to the risk factors discussed in Grove's most recent filings with the SEC, which are available on Grove's Investor Relations website at investors.grove.com....
Grove Collaborative Holdings, Inc. (GROV) Q1 2024 Earnings Call Transcript