Grove Collaborative Holdings, Inc. (NYSE:GROV) Q2 2023 Earnings Conference Call August 14, 2023 5:00 PM ET

Company Participants

Stuart Landesberg - Chief Executive Officer

Sergio Cervantes - Chief Financial Officer

Conference Call Participants

Susan Anderson - Canaccord Genuity

Dana Telsey - Telsey Group

Operator

Good afternoon and thank you for standing by. Welcome to Grove Collaborative Holdings, Inc.'s Second Quarter 2023 Earnings Conference Call. [Operator Instructions] As a reminder, this conference call is being recorded.

Hosting today's call are Grove's Co-Founder and CEO, Stuart Landesberg; and CFO, Sergio Cervantes. 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. 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 the world and their business as they see it today. As described in their SEC filings, the underlying facts and assumptions for these statements can change as the world and their business changes. For more information, please refer to the risk factors discussed in their most recent filings with the SEC which are available on Grove's Investor Relations website at investors.grove.co.

During today's call, they will also discuss certain non-GAAP financial measures. Reconciliations of these non-GAAP items to the most directly comparable GAAP financial measures are provided in the earnings release, which is also available on their Investor Relations website.

I will now turn the call over to Stuart Landesberg to begin.

Stuart Landesberg

Thank you, operator. Hello, everyone, and thank you for joining the call today. I want to start this call with a reminder about why Grove's mission and brand purpose is more important and relevant than ever. Around the world, July was the hottest month on record. Wildfires blazed from Canada to Hawaii.

The U.S. Secretary General recently declared that the period of global warming has ended and the era of global boiling has arrived. Our reports from Swiss researchers said that in July, we passed the annual amount of plastic waste that our systems can handle, the implication being that the rest of the year's plastic ends up as pollution in our environment. But change is possible and consumers increasingly demand it. For Grove and for the Grove Co brand, this is an obligation. And this is an opportunity and this is our company's reason for being.