Vital Farms, Inc. (NASDAQ:VITL) Q1 2022 Earnings Conference Call May 5, 2022 8:30 AM ET

Corporate Participants

Matt Siler - Vice President, Investor Relations

Russell Diez-Canseco - President and Chief Executive Officer

Bo Meissner - Chief Financial Officer

Conference Call Participants

Chris Growe - Stifel

Brian Holland - Cowen

Robert Moskow - Credit Suisse

Pamela Kaufman - Morgan Stanley

Adam Samuelson - Goldman Sachs

Ken Zaslow - BMO

Operator

Thank you for standing by and welcome to Vital Farms First Quarter 2022 Earnings Conference Call. At this time all participants are in a listen-only mode. [Operator instructions]. Please be aware that today's call may be recorded. [Operator instructions]

I would now like to turn the call over to Matt Siler, VP of investor relations.

Matt Siler

Thank you. Good morning and welcome to Vital Farms first quarter 2022 earnings conference call and webcast. I'm pleased to be joined on today's call by Russell Diez-Canseco, President and Chief Executive Officer and Bo Meissner, Chief Financial Officer. By now, everyone should have access to the company's first quarter 2022 earnings press release issued this morning. This is available on the Investor Relations section of Vital Farms 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 27, 2022, which was filed with the SEC earlier 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 to its most comparable measure prepared in accordance with GAAP.

And now I'd like to turn the call over to Russell Diez-Canseco, President and Chief Executive Officer of Vital Farms.