Boston Beer Company, Inc. (NYSE:SAM) Q4 2022 Earnings Conference Call February 15, 2023 5:00 PM ET

Company Participants

Michael Andrews - Associate General Counsel & Corporate Secretary

James Koch - Founder & Chairman

David Burwick - President, CEO & Director

Frank Smalla - CFO & Treasurer

Conference Call Participants

Sunil Modi - RBC Capital Markets

Nadine Sarwat - Sanford C. Bernstein & Co.

Vivien Azer - Cowen and Company

Kevin Grundy - Jefferies

Kaumil Gajrawala - Crédit Suisse

Eric Serotta - Morgan Stanley

Robert Ottenstein - Evercore ISI

Brett Cooper - Consumer Edge Research

Peter Grom - UBS

William Kirk - ROTH MKM Partners

Bonnie Herzog - Goldman Sachs Group

Stephen Powers - Deutsche Bank

Gerald Pascarelli - Wedbush Securities

Operator

Greetings, and welcome to the Boston Beer Company Fourth Quarter 2022 Earnings Call. [Operator Instructions]. As a reminder, this conference is being recorded. It is now my pleasure to introduce to you Mike Andrews, Associate General Counsel and Corporate Secretary. Thank you, Mike. You may begin.

Michael 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 2022 fourth quarter earnings call. Joining the call from Boston Beer are Jim Koch, Founder and Chairman; Dave Burwick, our CEO; and Frank Smalla, our 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 over to Jim for some introductory comments.

James Koch

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