Beyond Meat, Inc. (NASDAQ:BYND) Q1 2023 Earnings Conference Call May 10, 2023 5:00 PM ET

Company Participants

Ethan Brown - Founder, President & Chief Executive Officer

Lubi Kutua - Chief Financial Officer & Treasurer

Conference Call Participants

Alexia Howard - Bernstein

Adam Samuelson - Goldman Sachs

Rob Dickerson - Jefferies

Peter Galbo - Bank of America

Ben Theurer - Barclays

Peter Saleh - BTIG

Michael Lavery - Piper Sandler

John Baumgartner - Mizuho Securities

Operator

Hello and welcome to Beyond Meat's 2023 First Quarter Conference Call. [Operator Instructions] Please note, this event is being recorded.

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

Unidentified Company Representative

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 first quarter 2023 earnings press release filed after the market closed today. 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 today is unaudited. And 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 the earnings release, the company's quarterly report on Form 10-Q for the quarter ended April 1, 2023, that was filed today and the company's annual report on Form 10-K for the fiscal year ended December 31, 2022 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.