Grove Collaborative Holdings, Inc. (GROV) Q3 2026 Earnings Call Transcript
Operator
Good afternoon, and thank you for standing by. Welcome to Grove Collaborative Holdings, Inc.’s Third Quarter 2026 Earnings Conference Call.
[Operator Instructions]
As a reminder, this conference call is being recorded. Hosting today’s call are Grove’s CEO, Jeff Yurcisin; and Principal Financial Officer, Flip van den Bosch.
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 Grove making it easier for customers to see why each product earns its place on the Grove platform and to swap for healthier options, the plan to reinvest part of Grove savings into acquiring and reactivating customers, the expectation that inventory comes down in the fourth quarter, the launch of Grove’s AI shopping assistant and its features, improvements to Autoship, the expectation that Grove’s Amazon sales will grow in the fourth quarter, projected higher lifetime value and a platform Grove can use to scale advertising on to acquire new customers efficiently. Grove’s guidance for 2026, including guidance for full year 2026 net revenue and adjusted EBITDA, fourth quarter net revenue being modestly below the third quarter, the expectation that Grove’s D2C channel will be approximately flat in the fourth quarter compared to the third, continued stabilization of the D2C business.
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
