YETI Holdings, Inc. (NYSE:YETI) Q2 2024 Earnings Conference Call August 8, 2024 8:00 AM ET

Company Participants

Thomas Shaw - Vice President of Investor Relations
Matthew Reintjes - President & Chief Executive Officer
Michael McMullen - Senior Vice President, Chief Financial Officer & Treasurer

Conference Call Participants

Brooke Roach - Goldman Sachs
Randy Konik - Jefferies
Peter Benedict - Robert Baird

Operator

Good morning ladies and gentlemen and welcome to the YETI Holdings 2Q 2024 Earnings Conference Call. [Operator Instructions] This call is being recorded on Thursday August 8, 2024.

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

Thomas Shaw

Good morning and thanks for joining us to discuss YETI Holdings' second quarter fiscal 2024 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 to our Investor Relations section of our website at yeti.com.

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

Matthew Reintjes

Thanks, Tom and good morning. YETI wrapped a great first half of 2024 showcasing the strength of our brand, our products and our global go-to-market. As we’ve highlighted in the past, the second quarter includes a number of key moments, including Mother’s Day, Father’s Day in the return of summer, creating a perfect understanding for our branded products.

On innovation across our portfolio, in particular coolers, proved to be impactful, creating what we believe will be momentum going into the second half of the year and beyond. Complementing our focus on coolers, we continue to drive expansion in our Drinkware portfolio. These efforts are seen in our wholesale sell-through, our social engagement and sentiment, and our global performance.