Buda Juice, Inc.

Hello and thank you for standing by. My name is Dennis and I will be your conference operator today. At this time, I would like to welcome everyone to the Booted Juice first quarter 2026 earnings call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question, press star one again. I would now like to turn the call over to Brian Siegel, investor relations. Please go ahead.

Thank you, Dennis. During today's call, Horatio Lonsdale-Hans, Buddha's chief executive officer, and Clint Bowers, Buddha's chief financial officer, will discuss Buddha's financial and operational results that were reported this morning. Any forward-looking statements made during this conference call during the prepared remarks or in the question and answer session, whether general or specific in nature, are subject to risks and uncertainties that may cause actual results in the future to differ materially from those discussed on today's call. These risks and uncertainties include, but are not limited to, specific risks and uncertainties disclosed in BUDA's periodic and annual SEC filings. Buddha assumes no obligation to update any forward-looking statements or to update the factors that may cause actual results to differ materially from those that they forecast. Please note that our earnings release is available on the investor relations page of the Buttigieg's website and has also been filed on Form 8K with the SEC. Finally, on this call, we will refer to non-GAAP measures, including non-GAAP net income and EPS, free cash flow, and adjusted EBITDA. Please see our earnings release for an explanation of our use of non-GAAP measures and reconciliations to GAAP measures. Now I'd like to turn the call over to Horatio.

Thank you, Brian. Good morning, everyone, and thank you for joining us. The first quarter of 2026 was our first full quarter as a public company. Revenue grew 17.7% year over year. which is about the mid-teens outlook we discussed in our last earnings call. Importantly, that growth came entirely from our existing customer base. Growth margin during the quarter was impacted by a temporary disruption in citrus supply. In February, line costs spiked significantly following disruptions in western Mexico that interrupted normal supply routes. This was a temporary issue, and conditions have now stabilized. Even with that temporary pressure, labor cost as a percentage of revenue improved by more than 150 basis points year over year, which reflects continued operational efficiency across the business. We entered 2026 from a position of strength, profitable, debt-free and well-capitalized following our IPO, which we believe positions us well for the long-term expansion. Looking beyond our first quarter, on Monday, this week, we announced a major milestone for our company, expansion of our products into 256 stores across nine states, including Texas, New Mexico, Colorado, Mississippi, Arkansas, Missouri, Tennessee, Alabama, and Kentucky. All with a new customer, Walmart. This expansion takes us from one state to nine states and increases our store count by more than 75%. The Buddha Fresh Cherry Limeade is now available in these Walmart stores in both the 12-ounce single-serve and 32-ounce multi-serve formats. The products are being merchandised in the fresh produce department, reinforcing our ultra-fresh within the retail environment. These new products are manufactured at our Dallas facility, where we recently invested in additional capacity and optimization following our IPO to support future growth. When we went public this year, we had built a strong and profitable business concentrated primarily in Texas. This expansion now diversifies both our geographic footprint and customer base as we continue building the business beyond our historical Texas concentration. When we went public, we outlined a clear strategy. Expand distribution, grow responsibly, and bring ultra-fresh products to more consumers across the country, all while maintaining profitability and balance sheet discipline. We believe we are executing directly against that strategy today. And with that, I'll turn the call over to Clint for review of our financials.