Vital Farms, Inc. (NASDAQ:VITL) Q2 2024 Earnings Conference Call August 8, 2024 8:30 AM ET

Company Participants

Anthony Bucalo – Vice President of Investor Relations
Russell Diez-Canseco – President and Chief Executive Officer
Thilo Wrede – Chief Financial Officer

Conference Call Participants

Brian Holland – D.A. Davidson
Rob Dickerson – Jefferies
Ben Klieve – Lake Street
Rob Moskow – TD Cowen
Jon Andersen – William Blair
Matt Smith – Stifel
Adam Samuelson – Goldman Sachs

Operator

Thank you for standing by. My name is Kathleen, and I will be your conference operator today. At this time, I would like to welcome everyone to the Vital Farms Incorporated Second Quarter 2024 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions] Thank you.

And now I would like to turn the call over to Anthony Bucalo, Vice President of Investor Relations. Please go ahead.

Anthony Bucalo

Good morning, and welcome to Vital Farms second quarter 2024 earnings conference call and webcast. I am Tony Bucalo, VP of Investor Relations. And I'm joining the call today by Russell Diez-Canseco, President and Chief Executive Officer; and Thilo Wrede, Chief Financial Officer. By now, everyone should have access to the company's second quarter 2024 earnings press release issued this morning. This is available on the Investor Relations section of Vital Farms website at investors.vitalfarms.com.

Throughout this call, management may make forward-looking statements within the meaning of federal securities laws. These statements are based on management's current expectations and beliefs and do 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, the company's quarterly report on Form 10-Q for the fiscal quarter ended June 30, 2024, filed with the SEC today as well as our 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 most comparable measures prepared in accordance with GAAP.