Grove Collaborative Holdings, Inc. (GROV) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, and thank you for standing by. Welcome to Grove Collaborative Holdings, Inc.' 's second quarter 2025 earnings conference call. At this time, all lines have been placed on listen-only mode 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 CEO, Jeff Yerkeson, and interim CFO, Tom Siragusa. 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 profitable growth leading to multiple expansion and market capitalization appreciation, plans to engage with shareholders and the subject of that engagement, continued sequential revenue growth in the second half of 2025, year-over-year revenue growth in the fourth quarter of 2025, the first quarter of 2025 being the lowest revenue quarter going forward, 2025 revenue declining approximately mid single digit to low double digit percentage points year over year and adjusted EBITDA in the negative low single digit millions to break even. 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 Groves' filings with the Securities and Exchange Commission. All of these statements are based on Groves' views today. and Grove assumes no obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities laws. During today's call, Grove will dis...