The Vita Coco Company, Inc. (NASDAQ:COCO) Q1 2022 Results Conference Call May 11, 2022 5:00 PM ET

Company Participants

John Mills - Investor Relations, ICR

Michael Kirban - Chairman, Co-Founder

Martin Roper - Chief Executive Officer

Kevin Benmoussa - Chief Financial Officer

Conference Call Participants

Bonnie Herzog - Goldman Sachs

Laurent Grandet - Guggenheim

Brian Stein - Bank of America

Chris Carey - Wells Fargo

Robert Ottenstein - Evercore ISI

David Shakno - William Blair

Operator

Hello and welcome to the Vita Coco Company’s First Quarter 2022 Earnings Conference Call. My name is Liz, and I’ll be coordinating your call today. Following prepared remarks, we will open the call for your questions with instructions to be given at that time.

I will now hand the call over to John Mills with ICR.

John Mills

Thank you. And welcome to The Vita Coco Company first quarter 2022 earnings results conference call. Today’s call is being recorded. With us are Mr. Mike Kirban, Executive Chairman; Martin Roper, Chief Executive Officer;and Kevin Benmoussa, Chief Financial Officer of The Vita Coco Company.

By now, everyone should have access to the company’s first quarter earnings release issued earlier today. This information is available on the Investor Relations section of The Vita Coco Company’s website at investors.thevitacococompany.com. Also on the website here is an accompanying presentation of our commercial and financial performance results.

Certain comments made on this call include forward-looking statements, which are subject to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management’s current expectations and beliefs concerning future events and are subject to several risks and uncertainties that could cause actual results to differ materially from those described in these forward-looking statements. Please refer to today’s press releases and other filings with the SEC for a more detailed discussion of the risks factors that could cause actual results to differ materially from those expressed or implied in any forward-looking statements made today.

Also during the call, we will give some non-GAAP financial measures as we describe the business performance. The SEC filings, as well as the earnings press release, and supplementary earnings presentation providing reconciliations of the non-GAAP financial measures to the most directly comparable GAAP measures are available on our website as well.

And with that, it is my pleasure to turn the call over to Mike.

Michael Kirban

Thanks, John, and good afternoon, everyone. Thank you for joining us today to discuss our first quarter 2022 financial results and full year guidance. I’ll begin this afternoon’s call by reiterating our long term growth strategy and discussing our leading position in the fast growing coconut water and coconut water adjacent categories. Martin Roper, our CEO, will then discuss the details of our top line growth drivers, provide an update on our supply chain and outline our pricing plans and initiatives. Kevin Benmoussa our CFO, will finish with a more detailed discussion on the quarter – on the first quarter results and our updated outlook for the year.