Vital Farms, Inc. (NASDAQ:VITL) Q3 2024 Earnings Conference Call November 7, 2024 8:30 AM ET

Company Participants

Anthony Bucalo - VP, IR
Russell Diez-Canseco - President and CEO
Pete Pappas - Chief Sales Officer
Thilo Wrede - CFO

Conference Call Participants

Ben Klieve - Lake Street Capital Markets
Brian Holland - D.A. Davidson
Robert Moskow - TD Cowen
Jon Andersen - William Blair
Robert Dickerson - Jefferies
Matt Smith - Stifel

Operator

Good day, and thank you for standing by. Welcome to the Vital Farms Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your first speaker today, Anthony Bucalo, VP of Investor Relations. Please go ahead.

Anthony Bucalo

Good morning, and welcome to Vital Farms Third Quarter 2024 earnings conference call and webcast.

I am Tony Bucalo, VP of Investor Relations, and I am joined on the call today by Russell Diez-Canseco, President and Chief Executive Officer; Thilo Wrede, Chief Financial Officer; and Pete Pappas, Chief Sales Officer. By now, everyone should have access to the company's third 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 September 29, 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 their most comparable measures prepared in accordance with GAAP.