GROV - Grove Collaborative Holdings Inc. (GROV) Q4 2023 Earnings Call Transcript
2024-03-06 23:16:09 ET
Grove Collaborative Holdings, Inc. (GROV)
Q4 2023 Earnings Conference Call
March 6, 2024 17:00 ET
Company Participants
Jeff Yurcisin - Chief Executive Officer
Sergio Cervantes - Chief Financial Officer
Conference Call Participants
Susan Anderson - Canaccord Genuity
Presentation
Operator
Good afternoon and thank you for standing by. Welcome to Grove Collaborative Holdings Inc.’s Fourth Quarter and Full Year 2023 Earnings Conference Call. [Operator Instructions] 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 statements, 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 maybe considered forward-looking. Including statements regarding the impact of transitioning order volume to other facilities, 2024 product launches and category expansion, changes to our customer experience and their impact, including an increase in addressable customer base, improved first order conversion, and a reintroduction to less active customers, our guidance for 2024 net revenue and adjusted EBITDA margin revenue growth in the second half of 2024 while being adjusted EBITDA profitable and our ability to invest in an advertising as a higher percentage of revenue. Such statements involve a number of risks and uncertainties that could cause actual results to differ materially. All these statements are based on Grove’s view of their market and their business as they see today....
Grove Collaborative Holdings, Inc. (GROV) Q4 2023 Earnings Call Transcript