Lazydays Holdings, Inc. (NASDAQ:LAZY) Q2 2023 Earnings Conference Call July 28, 2023 8:30 AM ET
Company Participants
John North - CEO
Kelly Porter - CFO
Conference Call Participants
Ryan Sigdahl - Craig-Hallum Capital Group
Daniel Moore - CJS Securities
Mike Swartz - Truist Securities
Brandon Rollé - D.A. Davidson
Operator
Greetings, and welcome to the Lazydays Holdings Second Quarter 2023 Conference Call. As a reminder, this conference is being recorded.
It's now my pleasure to introduce your host, Kelly Porter, Chief Financial Officer. Thank you. You may begin.
Kelly Porter
Good morning, everyone, and thank you for joining us. Before we begin, I would like to remind everyone that we will be discussing forward-looking information, including potential future financial performance, which is subject to risks, uncertainties and assumptions that could cause actual results to differ materially from such forward-looking statements and information. Such risks, uncertainties, assumptions and other factors are identified in our earnings release and other periodic filings with the SEC as well as the Investor Relations section of our website.
Accordingly, forward-looking statements should not be relied upon as a prediction of actual results, and any or all of our forward-looking statements may prove to be inaccurate. We can make no guarantees about our future performance, and we undertake no obligation to update or revise our forward-looking statements.
On this call, we will discuss certain non-GAAP financial measures. Please refer to our earnings release, which is available on our website, for how we define these measures and reconciliations to the closest comparable GAAP measures.
With that, I'd like to turn the call over to John North, our Chief Executive Officer.
John North
Thank you, Kelly. Good morning, everyone, and thanks for joining today.
As usual, I'll make a few opening comments. Kelly will give you our financial results, and then we'll answer some questions. As I reflect upon the second quarter, I would characterize the current environment as one where notwithstanding the operational complexities every retailer is facing, Lazydays continues to make significant progress around the strategic initiatives that will set us up for both growth and success in the future.
Obviously, the market dynamics continue to be difficult. The pandemic pulled forward significant demand. Supply chain pressures resulted in cost inflation across our product lines and led to increases in both invoice and retail price of vehicles, and central bankers' efforts to counteract inflationary pressure through interest rates are now at more than a 20-year high and have affected financing costs and availability.