Buda Juice, Inc.

Ladies and gentlemen, thank you for standing by today's conference call and webcast will begin shortly. Thank you for your patience. 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 Buddha Juice second quarter 2026 earnings call and webcast. 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 Bryan Siegel, Investor Relations. Please go ahead.

Thank you, Dennis. During today's call, Horatio Lonsdale-Hands, Buddhist Chief Executive Officer, and Clint Bowers, Buddhist Chief Financial Officer, will discuss Buddhist 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 Buddha Juice website and has also been filed on form 8K with the SEC. Finally, on this call, we will refer to non-GAAP measures, 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. With that, I'd like to turn the conference over to Horatio.

Thank you, Bryan, and good morning to everyone. And I appreciate your taking the time to join us on our second quarter earnings call. This was a strong quarter for Buddha, and I'm excited to have the chance to walk through. The second quarter was a real step forward for Buddha It came earlier than we told you to expect because revenue grew 26.4% year-over-year to 4.5 million. On our last call, we said the step-up in growth would show up in the second half of the year, and it actually started in the second quarter instead. Two things drove that. Our core beverage business continued to grow organically with our existing customers. and it picked up a partial quarter contribution from our second quarter expansion into 246 Walmart stores across nine states. On top of that, we added the new product line to our fresh 35 platform, Ultra Fresh Dressings. I'll come back to both of those in a bit. With that being said, we did absorb real pressure on gross margin this quarter. It was largely transitory. Every piece of it identifiable, and most of it has an end date attached. And Clint will walk you through all of the details rather than have me summarize it. Our third quarter started even stronger. Through the first six weeks, our preliminary inaudited net sales are up more than 40% year over year. Roughly half of that is coming from same-store sales, and the balance is primarily from Walmart and dressers. That figure is preliminary and unaudited, and again, it's only for the first six weeks of the third quarter. So let me set up the context, because the context is what makes this more than just a good quarter. There is structurally A shift happening in the grocery juice category. For decades, it has been built around pasteurized UV shelf-stable juice sitting in a crowded cooler or in the center store aisle. Consumers are increasingly walking past it. What they respond to is truly fresh, clean-labeled juice at a fair price, kept cold in the produce section next to the fruit it came from. Fresh is not a premium version of an old category. It behaves like a different category altogether, a daily staple bought by adults and children alike. We call it Ultra Fresh. We created it, and several large retailers are now resetting their juice section around it. As customers experience Ultra Fresh, they come back to try new flavors and make it a larger portion of their beverage spend as they recognize its versatility as a beverage too. It's a value bearer. We put our fresh products ranging from $1.47 to $5.99. The entire family can enjoy them. We believe there is a structural change in how this category gets merchandise. A beverage category worth roughly $57 billion a year and growing. Here is how quickly it's moving. In one recent installation, the new store for a large national retailer, our Buddha Fresh section occupies about a third of the juice cooler. Based on early observations, we believe it may be outselling the entire pasteurized juice set beside it. I want to be careful with that. It is one store and one early read, and we are treating this exactly that. But it is consistent with what we have seen in our established markets. When people are offered generally fresh juice at a fair price, they don't generally go back to pasteurized. Juice is the core of our ultra-fresh values, but ultra-fresh was never just about one bottle of juice. It is a capability, and our fresh, certified cold chain running end-to-end, a home in the produce section, and hard-earned troughs with some of the largest retails in the country. Building that took years, and it is generally difficult to replicate. It is the reason retailers came to us when they decide to move their juice section to Fresh. And once you own it, you carry a great deal more than juice in that section, such as our dressing products. What matters strategically is this. It is still part of the Fresh 35 cold chain, fits in the same produce section, and serves the same customers and has the same buyers. It was contributing within weeks. We are already in conversations to bring our dressing to additional customers. Meanwhile, the core juice keeps expanding right alongside it. Budafresh is now in 246 Walmart stores across nine states in those single-serve and multi-serve formats, merchandised in produce, with an entry price of $1.47. That is mass market positioning at the largest grocery retailer in the world. And we hope it is a starting point rather than an endpoint. We'd like to be in more stores with more items, and we're working on how to get that. With our momentum accelerating, we believe Ultra Fresh has the opportunity to make Buddha a truly national brand and place our products in grocery stores across America. The opportunity is enormous. and we're just getting started. With that, I hand it over to Clint.