Boston Beer Company, Inc. (SAM) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:03.736 Good afternoon and welcome. This is Mike Andrews, Associate General Counsel and Corporate 00:00:03.736 -- 00:00:08.281 Secretary of the Boston Beer Company. I'm pleased to kick off our 2025 fourth quarter 00:00:08.281 -- 00:00:13.007 earnings call. Joining the call from Boston Beer are Jim Cook, Founder, CEO, and Chairman, 00:00:13.007 -- 00:00:15.830 and Diego Reynoso, our CFO. 00:00:15.830 -- 00:00:18.794 Before we discuss our business, I'll start with our disclaimer. 00:00:18.794 -- 00:00:21.978 As we state in our earnings release, some of the information we discuss and that may 00:00:21.978 -- 00:00:26.463 come up on this call reflects the company's or management's expectations or predictions 00:00:26.463 -- 00:00:30.457 of the future. Such predictions are forward-looking statements. 00:00:30.457 -- 00:00:34.221 It's important to note that the company's actual results could differ materially from 00:00:34.221 -- 00:00:37.605 those projected in these forward-looking statements. 00:00:37.605 -- 00:00:42.351 Additional information concerning factors that could cause actual results to differ materially 00:00:42.351 -- 00:00:45.194 from those in the forward-looking statements is contained in the company's most recent 00:00:45.194 -- 00:00:50.620 10Q and 10K. The company does not undertake to publicly update forward-looking statements, 00:00:50.620 -- 00:00:54.785 whether as a result of new information, future events, or otherwise. 00:00:54.785 -- 00:00:58.249 I will now pass it over to Jim to share his comments. 00:00:58.249 -- 00:01:03.243 Thanks, Mike. I'll begin my remarks this afternoon with an overview of our strategy and 00:01:03.243 -- 00:01:08.528 operating results before turning the call over to Diego to discuss our supply ...