YETI Holdings, Inc. (YETI) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

0 for the operator. This call is being recorded on Thursday, May 8, 2025. I would now like to turn the conference call over to Maria Licuris, Investor Relations for Yeti. Please go ahead. Good morning, and thank you for joining us to discuss Yeti Holdings' first quarter fiscal 2025 results. Leading the call today will be Matt Reintjes, President and CEO, and Mike McMullen, CFO. Following our prepared remarks, we'll open the call for your questions. Before we begin, we'd like to remind you that some of the statements that we make today on this call may be considered forward-looking, and such forward-looking statements are subject to various risks and uncertainties that could cause our actual results to differ materially from these statements. For more information, please refer to the risk factors detailed in our most recently filed Form 10-K. We undertake no obligation to revise or update any forward-looking statements made today as a result of new information, future events, or otherwise, except as required by law. Unless otherwise stated, our financial measures discussed on this call will be on a non-GAAP basis. We use non-GAAP measures as we believe they more accurately represent the true operational performance and underlying results of our business. Reconciliations of these non-GAAP measures to their most directly comparable GAAP measures are included in the press release or in the presentation posted this morning in the Investor Relations section of our website at Yeti.com. And now I'd like to turn the call over to Matt. Thanks, Maria, and good morning. I want to start off today's call highlighting Yeti's three key focus areas in this unique moment in time. Accelerating the pace of product innovation, materially transforming our supply chain, minimizing exposure...