The Boston Beer Company, Inc. (NYSE:SAM) Q2 2023 Earnings Conference Call July 27, 2023 5:00 PM ET

Company Participants

Mike Andrews - Associate General Counsel and Corporate Secretary

Jim Koch - Founder and Chairman

Dave Burwick - Chief Executive Officer

Matt Murphy - Chief Accounting Officer and Interim Chief Financial Officer

Conference Call Participants

Nik Modi - RBC Capital Markets

Vivien Azer - TD Cowen

Rob Ottenstein - Evercore

Nadine Sarwat - Bernstein

Bonnie Herzog - Goldman Sachs

Eric Serotta - Morgan Stanley

Brett Cooper - Consumer Edge

Brian Adams - UBS

Filippo Falorni - Citi

Operator

Greetings, and welcome to The Boston Beer Company Second Quarter 2023 Earnings Call. At this time, all participants are in a listen only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host Mike Andrews, Associate General Counsel and Corporate Secretary. Thank you, Mike. You may begin.

Mike Andrews

Thank you. Good afternoon, and welcome. This is Mike Andrews, Associate General Counsel and Corporate Secretary of The Boston Beer Company. I'm pleased to kick off our 2023 second quarter earnings call. Joining the call from Boston Beer are Jim Koch, Founder and Chairman; Dave Burwick, our CEO and Matt Murphy, our Chief Accounting Officer and Interim CFO.

Before we discuss our business, I'll start with our disclaimer. As we state in our earnings release, some of the information we discuss and that may come up on this call reflects the company's or management's expectations or predictions of the future. Such predictions are forward-looking statements. It's important to note that the company's actual results could differ materially from those projected in these forward-looking statements. Additional information concerning factors that could cause actual results to differ materially from those in the forward-looking statements is contained in the company's most recent 10-Q and 10-K. The company does not undertake to publicly update forward-looking statements whether as a result of new information, future events, or otherwise.

I will now pass it over to Jim for some introductory comments.

Jim Koch

Thanks, Mike. I'll begin my remarks this afternoon with a few introductory comments, and then hand over to Dave, who will provide an overview of our business. Dave will then turn the call over to Matt, who will focus on the financial details of our second quarter results, as well as our outlook for the remainder of 2023. Immediately following Matt's comments, we'll open the line for questions.