Beyond Meat, Inc. (NASDAQ:BYND) Q2 2023 Earnings Conference Call August 7, 2023 7:00 PM ET

Company Participants

Paul Sheppard - VP, FP&A, IR

Ethan Brown - Founder, President & CEO

Lubi Kutua - CFO & Treasurer

Conference Call Participants

Adam Samuelson - Goldman Sachs

Peter Galbo - Bank of America Merrill Lynch

Ken Goldman - JPMorgan

Robert Moskow - TD Cowen

Peter Saleh - BTIG

Ben Theurer - Barclays

Michael Lavery - Piper Sandler

Rob Dickerson - Jefferies

Andrew Strelzik - BMO Capital Markets

Operator

Good day. And welcome to the Beyond Meat Inc. 2023 Second Quarter Conference Call. All participants will be in a listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. Also, please note that this event is being recorded today.

I would now like to turn the conference over to Paul Shepherd, Vice President of FP&A and Investor Relations. Please go ahead, sir.

Paul Sheppard

Thank you. Good afternoon and welcome. Joining me on today's call are Ethan Brown, Founder President and Chief Executive Officer and Lubi Kutua, Chief Financial Officer and Treasurer. By now everyone should have access to the company's second quarter 2023 earnings press release filed today after market close. This document is available in the Investor Relations section of Beyond Meat's website at www.beyondmeat.com.

Before we begin, please note that all the information presented on today's call is unaudited. And that during the course of this call, management may make forward-looking statements within the meaning of the Federal Securities laws. These statements are based on management's current expectations and beliefs, and involve risks and uncertainties that could cause actual results to differ materially from those described in these forward-looking statements.

Forward-looking statements in today's earnings release, along with the comments on this call, are made only as of today, and will not be updated as actual events unfold. We refer you to today's press release, the company's annual report on Form 10-K for the fiscal year ended December 31, 2022, the company's quarterly report on Form 10-Q for the quarter ended July 1, 2023, to be filed with the SEC, and other filings with the SEC for a detailed discussion of the risks that could cause actual results to differ materially from those expressed or implied in any forward-looking statements made today.

Please also note that on today's call, management may reference adjusted EBITDA, which is a non-GAAP financial measure. While we believe this non-GAAP financial measure provides useful information for investors, any reference to this information is not intended to be considered in isolation, or as a substitute for the financial information presented in accordance with GAAP. Please refer to today's press release for a reconciliation of adjusted EBITDA to its most comparable GAAP measure.