The Duckhorn Portfolio, Inc. (NYSE:NAPA) Q1 2024 Earnings Call Transcript December 6, 2023 4:30 PM ET
Company Participants
Ben Avenia-Tapper - IR
Deirdre Mahlan - Interim President and CEO
Jennifer Fall Jung - Executive Vice President & Chief Financial Officer
Sean Sullivan - Executive Vice President, Chief Strategy & Legal Officer
Conference Call Participants
Lauren Lieberman - Barclays
Kaumil Gajrawala - Jefferies
Peter Galbo - Bank of America
Andrea Teixeira - JPMorgan
Operator
Good evening, ladies and gentlemen. Thank you for joining today's Duckhorn Portfolio Q1 2024 Earnings Conference Call. My name is Tia, and I will be your moderator for today's call. All lines will be muted during the presentation portion of the call. [Operator Instructions].
I would now like to pass the call over to Ben Avenia-Tapper. Please proceed.
Ben Avenia-Tapper
Good afternoon and welcome to The Duckhorn Portfolio's first quarter 2024 earnings conference call. Joining me on today's call are Deirdre Mahlan, our Interim President and Chief Executive Officer and Chairperson; Jennifer Fall Jung, our Chief Financial Officer; and Sean Sullivan our Chief Strategy and Chief Legal Officer. I am a moment we will give brief remarks followed by Q&A.
By now, everyone should have access to the earnings for the first quarter ended October 31, 2023, that went out at 4:05 PM Eastern Time. The press release is accessible on the company's website at ir.duckhorn.com. And shortly after the conclusion of today's call, a webcast will be archived for the next 30 days.
Before I begin, I would like to remind you that today's discussion contains forward-looking statements based on the environment as we currently see it, and as such, includes risks and uncertainties. If you refer to Duckhorn's earnings release, as well as the company's most recent SEC filings, you will see a discussion of factors that could cause the company's actual results to differ materially from these forward-looking statements. Please remember, the company undertakes no obligation to update or revise these forward-looking statements in the future.
We will make a number of references to non-GAAP financial measures. We believe that these measures provide investors with useful perspective on the underlying growth trends of the business and have included in our earnings release a full reconciliation of non-GAAP financial measures to the most comparable GAAP measures. In addition, please note that all retail scanner data cited on today's call is according to Circana which was formerly known as IRI. And we will refer to dollar or unit consumption for the 12-week period ended October 29, 2023, and growth versus the same period in the prior year in U.S. tax channels, unless otherwise noted.