The Duckhorn Portfolio, Inc. (NYSE:NAPA) Q1 2023 Earnings Call Transcript December 7, 2022 5:00 PM ET
Company Participants
Sean Sullivan - EVP, Chief Administrative Officer and General Counsel
Alex Ryan - President, CEO and Chairman
Lori Beaudoin - CFO
Conference Call Participants
Peter Galbo - Bank of America
Drew Levine - JPMorgan
Greg Porter - Evercore
Kaumil Gajrawala - Credit Suisse
Operator
Good afternoon. Thank you for attending The Duckhorn Portfolio First Quarter 2023 Earnings Conference Call. My name is Matt, and I will be your moderator for today's call. [Operator Instructions]
I would now like to pass the conference over to our host, Sean Sullivan. Sean, please go ahead.
Sean Sullivan
Good afternoon, and welcome to The Duckhorn Portfolio's first quarter 2023 earnings conference call. Joining me on today's call are Alex Ryan, our President, CEO and Chairman; and Lori Beaudoin, our Chief Financial Officer. In a moment, we will give brief remarks followed by Q&A.
By now, everyone should have access to the earnings release for the fiscal quarter ended October 31, 2022, that went out at approximately 4:15 Eastern Time. The press release is accessible on the company's website at ir.duckhorn.com. And shortly after the conclusion of today's call, a webcast will be archived for the next 30 days.
Before we begin, I'd like to remind you that today's discussion contains forward-looking statements based on the environment as we currently see it, and as such, includes risks and uncertainties. If you refer to Duckhorn's earnings release as well as the company's most recent SEC filings, you will see a discussion of factors that could cause the company's actual results to differ materially from these forward-looking statements. Please remember the company undertakes no obligation to update or revise these forward-looking statements in the future.
We will make a number of references to non-GAAP financial measures. We believe that these measures provide investors with useful perspective on the underlying growth trends of the business and have included in our earnings release a full reconciliation of non-GAAP financial measures to the most comparable GAAP measures.
In addition, please note that all total US food consumption data cited on today's call will refer to dollar or unit consumption for the 12-week period ended October 30, 2022, and growth versus the same period in the prior year, unless otherwise noted.
With that, I will turn the call over to Alex.
Alex Ryan