Q1 2024 Grove Collaborative Holdings Inc Earnings Call Transcript

May 14, 2024 / 09:00PM GMT
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 for hosting today's call, our 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 may be considered forward-looking, including statements relating to our intention to increase marketing spend, the addition of products to our Subscribe & Save program, future improvement and 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

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