Beyond Meat, Inc. (NASDAQ:BYND) Q1 2022 Results Conference Call May 11, 2022 5:00 PM ET

Company Participants

Lubi Kutua - Vice President of Financial Planning & Analysis & Investor Relations

Ethan Brown - Founder, President & Chief Executive Officer

Phil Hardin - Chief Financial Officer & Treasurer

Conference Call Participants

Peter Galbo - Bank of America

Robert Moskow - Credit Suisse

Ben Theurer - Barclays

Ken Goldman - JPMorgan

Alexia Howard - Bernstein

Peter Saleh - BTIG

Adam Samuelson - Goldman Sachs

Ryan Bell - Consumer Edge Research

Operator

Good day, and welcome to the Beyond Meat, Inc. 2022 First 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. [Operator Instructions] Please note, this event is being recorded.

I would now like to turn the conference over to Lubi Kutua. Please go ahead.

Lubi Kutua

Thank you. Good afternoon and welcome. Joining me on today's call are Ethan Brown, Founder, President and Chief Executive Officer; and Phil Hardin, Chief Financial Officer and Treasurer. By now, everyone should have access to the Company's first quarter earnings press release filed today after the market closed. 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 events unfold. Please refer to today's press release, the Company's annual report on Form 10-K for the year ended December 31, 2021, the Company's quarterly report on Form 10-Q for the quarter ended April 2, 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.