The Vita Coco Company, Inc. (COCO Q3 2024 Results Conference Call October 30, 2024 8:30 AM ET

Company Participants

Alex Liscum - Vice President, Investor Relations, ICR
Mike Kirban - Executive Chairman
Martin Roper - Chief Executive Officer
Corey Baker - Chief Financial Officer

Conference Call Participants

Bonnie Herzog - Goldman Sachs
Chris Carey - Wells Fargo Securities
Eric Serotta - Morgan Stanley
Jon Andersen - William Blair
Jim Salera - Stephens
Eric Des Lauriers - Craig-Hallum Capital Group
Michael Lavery - Piper Sandler
Bryan Spillane - Bank of America
Robert Ottenstein - Evercore ISI

Operator

Hello, and welcome to The Vita Coco Company's Third Quarter 2024 Earnings Conference Call. My name is Steven. I'll be coordinating your call today. Following prepared remarks, we will open the call to your questions with instructions to be given at that time.

I'd now like to hand the call over to Alex Liscum with ICR.

Alex Liscum

Thank you, and welcome to The Vita Coco Company third quarter 2024 earnings results conference call. Today's call is being recorded. With us are Mr. Mike Kirban, Executive Chairman; Martin Roper, Chief Executive Officer; and Corey Baker, Chief Financial Officer.

By now, everyone should have access to the Company's third 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, there is an accompanying presentation of our commercial and financial performance results.

Certain comments made on this call, including 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 release and other filings with the SEC for a more detailed discussion of the risk 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 use some non-GAAP financial measures as we describe the business performance. Our SEC filings as well as the earnings press release and supplementary earnings presentation provide reconciliations of the non-GAAP financial measures to the most directly comparable GAAP measures and are available on the website as well.

Additionally, please note that within the quarter, the company began using Circana's expanded MULO+ retail scanner data, which offers 15% more expanded coverage of the U.S. retail landscape, including greater coverage of retailers with larger private label programs and results in a reported category size approximately 40% larger than the prior reported data set. All investor deck exhibits and script references have been updated to reflect the new data set unless otherwise noted.