Start Time: 08:00 January 1, 0000 9:02 AM ET

YETI Holdings, Inc. (NYSE:YETI)

Q3 2023 Earnings Conference Call

November 09, 2023, 08:00 AM ET

Company Participants

Matt Reintjes - President and CEO

Mike McMullen - SVP, CFO and Treasurer

Tom Shaw - VP, IR

Conference Call Participants

Peter Keith - Piper Sandler

Peter Benedict - Baird

Megan Alexander - Morgan Stanley

Sharon Zackfia - William Blair

Jim Duffy - Stifel

Robby Ohmes - Bank of America

Brooke Roach - Goldman Sachs

Anna Glaessgen - B. Riley

Operator

Good morning, and welcome to the YETI Holdings' Third Quarter 2023 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions]. After today's presentation, there will be an opportunity to ask questions. Please note that this event is being recorded.

I would now like to turn the conference over Tom Shaw, Vice President of Investor Relations. Please go ahead.

Tom Shaw

Good morning and thanks for joining us to discuss YETI Holdings' third quarter 2023 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-Q and the Form 8-K filed with the SEC today.

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 disclosed 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 to our Investor Relations section of our website at yeti.com.

And now, I'd like to turn the call over to Matt.

Matt Reintjes

Thanks, Tom, and good morning, everyone. YETI posted another strong quarter and continues to build momentum with our brand and products, particularly when compared to a very strong year ago period that included the full benefit of our soft cooler lineup as well as strong wholesale replenishment, further highlighting our reported results.