The Boston Beer Company, Inc. (NYSE:SAM) Q3 2022 Earnings Conference Call October 20, 2022 5:00 PM ET

Company Participants

Mike Andrews - Associate General Counsel & Corporate Secretary

Jim Koch - Founder & Chairman

Dave Burwick - Chief Executive Officer

Frank Smalla - Chief Financial Officer

Conference Call Participants

Nik Modi - RBC

Kaumil Gajrawala - Credit Suisse

Eric Serotta - Morgan Stanley

Kevin Grundy - Jefferies

Bonnie Herzog - Goldman Sachs

Steve Powers - Deutsche Bank

Rob Ottenstein - Evercore

Nadine Sarwat - Bernstein

Peter Grom - UBS

Operator

Greetings, and welcome to The Boston Beer Company Third Quarter 2022 Earnings Conference 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] And 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.

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 2022 third 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 reflect 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 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 Frank, who will focus on the financial details of our third quarter results, as well as our updated outlook for the remainder of 2022. Immediately following Frank's comments, we'll open up the line for questions.