BRC, Inc. (NYSE:BRCC) Q1 2023 Earnings Conference Call May 11, 2023 4:30 PM ET

Company Participants

Tanner Doss - Vice President, Investor Relations

Evan Hefer - Founder and Chief Executive Officer

Tom Davin - Co Chief Executive Officer and Director

Greg Iverson - Chief Financial Officer

Toby Johnson - Chief Operating Officer

Conference Call Participants

Sharon Zackfia - William Blair

George Kelly - Ross MKM

Sarang Vora - Telsey Advisory Group

Joe Altobello - Raymond James

Bill Chappell - Truist Securities

Steve Powers - Deutsche Bank

Operator

Greetings. Welcome to the Black Rifle Coffee Company First Quarter 2023 earnings Call. [Operator Instructions] Please note, this conference is being recorded.

I will now turn the conference over to your host, Tanner Doss, Vice President of Investor Relations. You may begin.

Tanner Doss

Good afternoon, everyone. Thank you for joining Black Rifle Coffee Company's conference call to discuss our first quarter 2023 financial results, which we released today and can be found on our website at ir.blackriflcoffee.com. With me on the call today is Evan Hefer, Founder and CEO; Tom Davin, Co-CEO; Greg Iverson, our Chief Financial Officer; Toby Johnson, our Chief Operating Officer.

Before we get started, I would like to remind you the company's safe harbor language, which I'm sure you're all familiar with. On today's call, management may make forward-looking statements, including guidance and underlying assumptions. Forward-looking statements are based on expectations that involve risks and uncertainties that could cause actual results to differ materially. For a further discussion of risks related to our business, please see our previous filings with the SEC.

This call will also contain non-GAAP financial measures such as adjusted EBITDA. Reconciliations of these non-GAAP measures to the most comparable GAAP measures are included in the earnings release furnished to the SEC, and they are also available on our investor website.

Now I'd like to turn the call over to Evan Hefer, Founder and CEO of Black Rifle Coffee Company.

Evan Hefer

Thanks Tanner. And good afternoon, everyone. It’s hard to believe that this is our sixth earnings call since we became a public company. As most of you know, with only a decade ago that I was bagging coffee with wife in our garage. At that time, I had a vision to create a business centered on supporting the veteran community with an authenticity that doesn't exist in other businesses.

Over the past eight years, Black Rifle Coffee has evolved from my original vision of a premium direct-to-consumer subscription coffee business into an omnichannel CPG business. And today I am pleased to report that we have met or exceeded our financial expectations in Q1 and we are well positioned for the remainder of the year.