The Boston Beer Company, Inc. (NYSE:SAM) Q2 2022 Results Conference Call July 21, 2022 5:00 PM ET

Company Participants

Mike Andrews - Associate General Counsel and Corporate Secretary

Jim Koch - Founder and Chairman

Dave Burwick - CEO

Frank Smalla - CFO

Conference Call Participants

Kaumil Gajrawala - Credit Suisse

Rob Ottenstein - Evercore

Nadine Sarwat - Bernstein

Bonnie Herzog - Goldman Sachs

Eric Serotta - Morgan Stanley

Stephen Powers - Deutsche Bank

Kevin Grundy - Jefferies

Peter Grom - UBS

Vivien Azer - Cowen

Operator

Greetings and welcome to The Boston Beer Company Second Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.

I would now like to turn this conference over to Mr. Mike Andrews, Associate General Counsel and Corporate Secretary. Thank you, sir. 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 second 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 stated 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 with a few introductory comments and then hand it 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 second quarter results as well as our outlook for the remainder of 2022. Immediately following Frank’s comments, we’ll open up the line for questions.