BRC Inc. (NYSE:BRCC) Q1 2022 Results Conference Call May 12, 2022 8:00 AM ET

Company Participants

Tanner Doss - Vice President of Investor Relations

Evan Hafer - Chairman and Chief Executive Officer

Tom Davin - Co-Chief Executive Officer

Greg Iverson - Chief Financial Officer

Toby Johnson - Chief Operations Officer

Heath Nielsen - Chief Retail Officer

Conference Call Participants

Sharon Zackfia - William Blair

Joe Altobello - Raymond James

Steve Powers - Deutsche Bank

George Kelly - ROTH Capital

Bill Chappell - Truist Securities

Operator

Greetings, and welcome to the Black Rifle Coffee Company First Quarter 2022 Earnings 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 the call over to Tanner Doss, Vice President of Investor Relations. Thank you. You may begin.

Tanner Doss

Good morning, everyone. Thank you for joining Black Rifle Coffee Company’s conference call to discuss our first quarter 2022 financial results, which we released this morning and can be found on our website at ir.blackriflecoffee.com.

With me on the call today is Evan Hafer, Founder and Chief Executive Officer; Tom Davin, Co-Chief Executive Officer; Greg Iverson, Chief Financial Officer; Toby Johnson, Chief Operating Officer and Heath Nielsen, Chief Retail Officer.

Before we get started, I would like to remind you of the company’s Safe Harbor language, which I’m sure you are 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 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 on the earnings released furnished to the SEC and also available on our Investor website.

Now, I’d like to turn the call over to Evan Hafer, Founder and Chief Executive Officer of Black Rifle Coffee Company.

Evan Hafer

Thanks, Tanner, and good morning, everyone. Thank you for joining us to discuss our first quarter 2022 results.

Before we dive into the results of the first quarter, I briefly want to touch on our mission and vision we work towards every day. I believe that Black Rifle Coffee Company is uniquely positioned in the market because we are the only mission-driven lifestyle brand in the coffee industry. And our mission is core to everything we do. The mission is a major driver behind our success to-date because it resonates with our customers, our retail partners, vendors and even our landlords. Our in-house marketing team and content creators have enabled us to build a large and growing community, who are loyal to the brand and what we are for vets, first responders and their families.