Freshpet, Inc. (NASDAQ:FRPT) Q4 2023 Earnings Call Transcript February 26, 2024 8:00 AM ET
Company Participants
Rachel Ulsh - VP of IR
Billy Cyr - CEO
Todd Cunfer - CFO
Scott Morris - COO
Conference Call Participants
Rupesh Parikh - Oppenheimer
Brian Holland - D.A. Davidson
Ken Goldman - JPMorgan
Peter Benedict - Baird
Mark Astrachan - Stifel
Jon Andersen - William Blair
Bryan Spillane - Bank of America
Bill Chappell - Truist Securities
Michael Lavery - Piper Sandler
Robert Moskow - TD Cowen
Kaumil Gajrawala - Jefferies
Tom Palmer - Citi
Connor Rattigan - Consumer Edge Research
Jim Salera - Stephens
John Lawrence - Benchmark Company
Marc Torrente - Wells Fargo
Operator
Greetings. Welcome to Freshpet's Fourth Quarter and Fiscal Year 2023 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] Please note, this conference is being recorded. At this time, I'll now turn the conference over to Rachel Ulsh, Vice President of Investor Relations. Ms. Ulsh, you may now begin your presentation.
Rachel Ulsh
Thank you. Good morning, and welcome to Freshpet's fourth quarter and fiscal year 2023 earnings call and webcast. On today's call are Billy Cyr, Chief Executive Officer, and Todd Cunfer, Chief Financial Officer. Scott Morris, Chief Operating Officer, will also be available for Q&A.
Before we begin, please remember that during the course of this call, management may make forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These include statements related to our long-term strategy, focus, 2027 goals, pace in achieving these goals, prospects for growth, and new technologies and 2024 guidance. Words such as believe, could, estimate, expect, guidance, intend, may, project, will or similar conditional expressions are intended to identify forward-looking statements. 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, including those associated with such statements and accuracies in third-party data. Please refer to the company's annual report on Form 10-K filed with the Securities and Exchange Commission and the company's press release issued today 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 note on today's call, management will refer to certain non-GAAP financial measures, such as EBITDA and adjusted EBITDA, among others. While the company believes these non-GAAP financial measures provide useful information for investors, the presentation of the 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 how management defines such non-GAAP measures, why management believes such non-GAAP measures are useful, a reconciliation of the non-GAAP financial measures to the most comparable measures prepared in accordance with GAAP and limitations associated with such non-GAAP measures.