Vital Farms, Inc. (NASDAQ:VITL) Q1 2023 Results Conference Call May 4, 2023 8:30 AM ET
Company Participants
Matt Siler - VP, IR
Russell Diez-Canseco - President and CEO
Thilo Wrede - CFO
Kathryn McKeon - Chief Marketing Officer
Conference Call Participants
Adam Samuelson - Goldman Sachs
Pamela Kaufman - Morgan Stanley
Cody Ross - UBS
Matt McGinley - Needham
Robert Dickerson - Jefferies
Matt Smith - Stifel
Ben Klieve - Lake Street Capital Markets
Matt Siler - VP, IR
Operator
Good day, and thank you for standing by. Welcome to the Vital Farms First Quarter 2023 Earnings Conference Call. [Operator Instructions]
Please be advised that today’s conference is being recorded. I would now like to hand over the conference to your speaker today, Matt Siler, Vice President of Investor Relations. Matt, please go ahead.
Matt Siler
Thank you. Good morning, and welcome to Vital Farms First Quarter 2023 Earnings Conference Call and Webcast. I’m joined on today’s call by Russell Diez-Canseco, President and Chief Executive Officer; Thilo Wrede, Chief Financial Officer; and Kathryn McKeon, our Chief Marketing Officer. By now, everyone should have access to the company’s first quarter 2023 earnings press release issued this morning. This is available on the Investor Relations section of Vital Farm’s website at investors.vitalfarms.com.
Through the course of this call, management may make forward-looking statements within the meaning of the federal securities laws. These statements are based on management’s current expectations and beliefs and involve 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 release and to the company’s quarterly report on Form 10-Q for the fiscal quarter ended March 26, 2023, which will be filed with the SEC today and other filings with the SEC for a detailed discussion of the risks that could cause actual results to differ materially from those expressed or implied in any forward-looking statements made today.
Please note that on today’s call, management will refer to adjusted EBITDA and adjusted EBITDA margin, which are non-GAAP financial measures. While the company believes these non-GAAP financial measures provide useful information for investors, the presentation of this information is not intended to be considered in isolation or as a substitute for the financial information presented in accordance with GAAP. Please refer to our earnings release for a reconciliation of adjusted EBITDA and adjusted EBITDA margin to the respective most comparable measures prepared in accordance with GAAP.