BRC Inc. (NYSE:BRCC) Q2 2024 Earnings Conference Call August 8, 2024 8:30 AM ET

Company Participants

Jason Martini – Investor Relations
Chris Mondzelewski – Chief Executive Officer
Steve Kadenacy – Chief Financial Officer

Conference Call Participants

Michael Baker – D.A. Davidson
Matt McGinley – Needham & Company
George Kelly – ROTH Capital Partners
David Shakno – William Blair
Sarang Vora – Telsey Advisory Group

Operator

Greetings. Welcome to the Black Rifle Coffee Company 2024 Earnings Call. At this time, all participants on a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] Please note this conference is being recorded.

I will now turn the conference over to your host, Jason Martini. You may begin.

Jason Martini

Good morning everyone. Thank you for joining Black Rifle Coffee Company’s conference call to discuss our second quarter 2024 financial results, which were released yesterday and can be found on our website at ir.blackriflecoffee.com.

Before we start, I would like to remind you of the company’s Safe Harbor language, which should be familiar to you all. 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 a 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 and free cash flow. Whenever we refer to EBITDA in our comments, we are referring to adjusted EBITDA unless otherwise noted. Reconciliations of these non-GAAP measures to the most comparable GAAP measures are included in the earnings release furnished to the SEC and are also available on our investor website.

Now if you could please refer to the presentation we have provided on our Investor Relations website and turn to Slide 4.

I would now like to turn the call over to Chris Mondzelewski, CEO of Black Rifle Coffee Company. Mondz?

Chris Mondzelewski

Thanks, Jason, and good morning everyone. Joining me today is Evan Hafer, our Founder and Executive Chairman; and Steve Kadenacy, our Chief Financial Officer.

On our last earnings call, we highlighted the value of building a better business before building a bigger one, and we continue to make progress on building that foundation on, which to drive outsized category growth. Our priorities remain number one, establishing a model that sustainably creates value, and two, driving the categories in which we choose to compete, in other words, outgrowing our peers and the category.