YETI Holdings, Inc. (NYSE:YETI) Q3 2023 Earnings Call Transcript

But I think that’s part of — to one of the questions earlier, that’s part of the investment area that we’re going to continue to make.

Brooke Roach: Great. Thank you so much.

Matt Reintjes: Thanks, Brooke.

Operator: And your last question comes from Anna Glaessgen from B. Riley. Please go ahead.

Anna Glaessgen: Hi, guys. Good morning. Thanks for taking my question. I just have one. I just want to understand a little bit better the Amazon Prime dynamic, great that it did well for you guys. My understanding was that historically, the discounts you offer are on end of season colors, like I think the yellow and purple from this most recent season. Did you just have more of those colors left over after the key selling period, or was there more product allocated for the Amazon Prime Day versus the prior year?

Matt Reintjes: Good morning and good question. I would say, to your point, what we did for Prime Day this year was largely consistent with how we’ve acted on a promotional basis in the past. It was in the life product, prior season in colors. And I do think it’s an important point. While we did have a big Prime Day, we were less promotional on e-commerce this year than we were last year. But specifically to answer your question, we were thrilled with the results of Prime Day. We did make a larger assortment of our volume of product available than we have. And we were thrilled with the results. We thought it was a really good sign of just demand for the overall brand. There was another Prime Day obviously this quarter that we really didn’t participate in. We chose to participate at a greater level the one in July, and we’re thrilled with the results.

Anna Glaessgen: Great. Thanks.

Operator: This concludes our question-and-answer session. I’d like to turn the conference back over to Matt Reintjes for any closing remarks.

Matt Reintjes: Thank you all for joining us today. Look forward to speaking on our Q4 call and updating you on that continued progress at YETI.

Operator: The conference has now concluded. Thank you for attending today’s presentation. You may now disconnect.