Beyond Meat, Inc. (NASDAQ:BYND) Q4 2022 Earnings Conference Call February 23, 2023 5:00 PM ET

Company Participants

Teri Witteman - Chief Legal Officer and Secretary

Ethan Brown - Founder, President and Chief Executive Officer

Lubi Kutua - Chief Financial Officer and Treasurer

Conference Call Participants

Ken Goldman - JPMorgan

Peter Galbo - Bank of America

Robert Moskow - Credit Suisse

Jon Andersen - William Blair

Adam Samuelson - Goldman Sachs

Michael Lavery - Piper Sandler

Peter Saleh - BTIG

Operator

Good afternoon, everyone, and welcome to the Beyond Meat 2022 Fourth 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 question. [Operator Instructions] Please also note, today’s event is being recorded.

At this time, I’d like to turn the conference call over to Teri Witteman, Chief Legal Officer and Secretary. Please go ahead.

Teri Witteman

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 fourth quarter and full year 2022 earnings press release filed today after the 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 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 the earnings release that we issued today, 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 quarterly report on Form 10-Q for the quarter ended October 1, 2022, and the company’s annual report on Form 10-K for the fiscal year ended December 31, 2022, 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 make reference to 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.