Grove Collaborative Holdings, Inc. (GROV) Q2 2026 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 2026 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's CEO, Jeff Yurcisin, and 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 moving to customer-first innovation, expansion of dropship capabilities, the focus on sales through Amazon in the second half of this year, the ability for its liquidity position to fund its 2026 plan, plans to take a full funnel approach to customer acquisition, the expectation that it will grow advertising spending in future quarters, the impact of customer experience improvements, the impact of an improved subscription experience, sequential net revenue improvement in each remaining quarter in 2026, and guidance for 2026, including guidance related to revenue and adjusted EBITDA. 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 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 ...