Grove Collaborative Holdings, Inc. (NYSE:GROV) Q3 2022 Earnings Conference Call November 10, 2022 5:00 PM ET

Company Participants

Alexis Tessier – Director-Investor Relations

Stuart Landesberg – Co-Founder and Chief Executive Officer

Sergio Cervantes – Chief Financial Officer

Conference Call Participants

Darla Whitlock – Telsey Advisory Group

Operator

Good afternoon, ladies and gentlemen, and thank you for standing by. Welcome to Grove Collaborative Holdings, Inc.’s Third Quarter 2022 Earnings Conference Call. At this time, all lines have been placed on me 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.

I would now like to turn the call over to Alexis Tessier, Director of Investor Relations to begin.

Alexis Tessier

Thank you, operator. Hello, and thank you all for joining us today. With me on today’s call are Grove’s Co-Founder and CEO, Stuart Landesberg; and CFO, Sergio Cervantes.

Before we get started, I’ll quickly cover the forward-looking statements Safe Harbor. Some of the statements that we will make today about our future prospects, financial results, business strategies, industry trends and our ability to successfully respond to business risks may be considered forward-looking. Such statements involve a number of risks and uncertainties that could cause our actual results to differ materially. All of these statements are based on our view of the world and our business as we see it today. As described in our SEC filings, the underlying facts and assumptions for these statements can change as the world and our business changes. For more information, please refer to the risk factors discussed in our most recent SEC filings, which are available on our Investor Relations website at investors.grove.co.

During today’s call, we 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 our earnings release and supplemental earnings presentation, which are also available on our Investor Relations website.

With that, I’ll turn the call over to Stu.

Stuart Landesberg

Thank you, Alexis. Good afternoon, everyone, and thank you all for joining us. On today’s call, I’ll start with a brief overview of Grove, before reviewing our performance in the third quarter and discussing how our value creation plan is positioning us for success, as we lead the home and personal care industries to transformational change. At Grove, we believe that consumer products can be a positive force for human and environmental health. This thesis is consistent with the long-term trends in our sector and the inevitable transformation of the CPG industry from polluter to sustainability leader.