Zach Beck

Zach Beck, on behalf of Peter Benedict, inquired about YETI's pricing strategy for the current year, seeking details on timing, scope, and expected impact, and also asked about the company's contingency plans for potential tariff relief if the Supreme Court overturns recent policy moves.

Answer

President and CEO Matt Reintjes stated that pricing actions would be similar to the previous year in timing and scope, with CFO Mike McMullen adding that last year's pricing had a roughly 40 basis point impact on gross margin, expecting a similar level this year. McMullen clarified that no tariff relief is currently contemplated in the guidance, emphasizing flexibility to invest in growth initiatives if relief occurs.

Zach Beck asked about the details of YETI's selective price increases for the current year, similar to those implemented in Q2 of the previous year, and inquired about the company's contingency plans or expectations regarding potential tariff relief from the Supreme Court.

Answer

Matt Reintjes, President and CEO, and Mike McMullen, CFO, explained that pricing actions would be similar in timing and scope to the previous year, which had a roughly 40 basis point impact on gross margin. They clarified that any potential tariff relief is not factored into the current guidance due to unknowns in timing and size, and YETI remains focused on driving cost efficiency, top-line growth, and margin expansion.