Grove Collaborative Holdings, Inc. (GROV) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, and thank you for standing by. Welcome to Grove Collaborative Holdings Incorporated First Quarter 2025 Earnings Conference Call. At this time, all lines have been pleased to unmute to prevent any background noise. Following the speaker's remarks, we will open up your lines for questions. As a reminder, this conference call is being recorded. Hosting today's call are Grove's CEO, Jeff Yerkeson, and interim CFO, Tom Saragusa. 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 revenue and profitability expectations, expansion of product assortment, and future improvements in net revenue per order and order frequency. The first quarter of 2025 being the lowest revenue quarter of 2025 and going forward, revenue improving through the second and third quarters of 2025. Fourth quarter 2025 revenue growth, 2025 revenue declining approximately mid single digit to low double digit percentage points. year over year. 2025 adjusted EBITDA being negative low single digit to positive low single digit millions. The projected impact on the e-commerce platform transition expectations regarding the impact of tariffs and our ability to offset tariff impacts. Such statements are based on current expectations and beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially, including those risks discussed in Grove's filings with the Securities and Exchange Commission. All of these statements are based on Grove's views today, and Gr...