Solo Brands, Inc.

Good morning, everyone. Welcome to the Solo Brand Second Quarter 2025 Financial Results Conference Call. All participants will be in the listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your telephone keypad. To withdraw your question, please press star then two. Please note, this event is being recorded. I will now turn the call over to Mark Anderson, Senior Director, Treasury and Investor Relations. Please go ahead.

Thank you, and good morning, everyone. We appreciate your joining us for the Solo Brands Conference Call to review the second quarter 2025 results. Joining me on the call today are the company's President and Chief Executive Officer, John Larson, and Chief Financial Officer, Laura Coffey. This call is being webcast and can be accessed through the investors portion of our website at investors.solobrands.com. Today's conference call will be recorded. Please be advised that any time sensitive information may no longer be accurate as of any replay or transcript reading date. I would also like to remind you that the statements in today's discussion that are not historical facts, including statements about expectations, future events, financial performance, liquidity, turnaround efforts, strategic transformation goals, and future growth are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Security Litigation Reform Act of 1995. Forward-looking statements by their nature are uncertain and outside of the company's control. Actual results may differ materially from those expressed or implied. Please refer to today's earnings press release for our disclosures on forward-looking statements. These factors and other risks and uncertainties are described in detail in the company's filings with the SEC. Solo Brands assumes no obligation to publicly update or revise any forward-looking statements. Management will refer to non-GAAP measures and reconciliations to the nearest GAAP measures are included at the end of our earnings release. Finally, the earnings release has been furnished to the SEC on Form 8K. Now, I would like to turn the call over to the company's CEO, John Larson.

Thank you, Mark, and good morning all. Thank you for your interest in Solo Brands. Today, we'll provide updates on significant milestones, cover the second quarter results, and share the continued progress on our strategic initiatives before opening the call for questions from institutional investors or analysts. Starting with our executive leadership updates, I am very excited to eliminate the interim tag and take on the role as president and CEO as previously announced in June. and to lead this great team as we write the next chapter for Solo Brands. We also named Liz Vanzura to the permanent role of Solo's Chief Marketing Officer, with Liz focusing her initial efforts on Solo Stove's significant marketing spend. Given marketing is our number one P&L spend category, maximizing the efficiency of this spend is a key component of our profit-focused transformation plan. In the recent quarter, we achieved several significant milestones worth highlighting. These include the completion of our debt refinancing, removal of the going concern disclaimer, and the New York Stock Exchange's reinstatement of active trading on our Class A stock. On a related note, we also opted to change our New York Stock Exchange ticker symbol to SBDS, which we believe better communicates today's strategy as solo brands. Turning to the second quarter, In our Chubby segment, the team delivered another excellent quarter with sales up 13% and segment EBITDA up 48% in the quarter due to efficiency gains and improved operating leverage. Under our Solo Stove segment, although sales improved sequentially from Q1, our second quarter sales declined significantly from a year ago. As expected, reflecting the continued hangover as our retail partners worked through their excessive year-end inventory, and we better align our promotional strategies with our key retail partners. We have made a concerted effort to move away from the heavy promotional approach in our direct-to-consumer channel, with MAP integrity playing a key role as we set up Solo Stove for long-term success. If you're not familiar with MAP, it stands for Minimum Advertised Price, which Laura and I will refer to today. Despite our overall sales decline, Solo Brands generated over $10 million of adjusted EBITDA and margins over 11% for the quarter. We are also very pleased to report positive operating cash flow of nearly $11 million in the second quarter. We are making meaningful strides in our transformation toward a more disciplined, structurally smaller, profit-driven business model. Our teams are excited and driven to win. Our leadership transition in early 2025 for Solo Brands ushered in fresh, new perspectives on products, marketing, and how to restructure our business for profitability and cash flow. We are focused on four core tenets that we believe will position us well for the future. Number one, we are fixated on driving bottom line profitability. We are looking at every dollar spent and its effectiveness, right-sizing the company as appropriate. And given our growing portfolio of lifestyle products, we are creating strong customer connections through relevant product experiences rather than relying so heavily on discounts. We have developed a well-coordinated promotional calendar that is expected to offer exclusive product opportunities to key retailers. which are designed to create excitement and further drive customer traffic at retail. We are also measuring the effectiveness of marketing investments utilizing a profit-based return on spend ad metric, which drives discipline in our marketing campaigns. Number two, cash remains king. During the second quarter, we are heartened that our initiatives generated significant operational cash that aligned with our second quarter adjusted EBITDA. Watching every dollar spent and every dollar invested in products, people, marketing, and distribution against competing priorities is challenging. Trust, we are working hard to institutionalize financial and analytic rigor in our decision making. Number three, investing in new products and what works. We recognize that investing in product innovation is a strategic imperative. Don't leave today thinking we are not investing in innovation. We are. Chubby's continues to innovate with new products and product lines, including the launch of our new NFL by Chubby's line as we speak. Isle, within our water sports division, has some exciting new products planned for Q4, and Solo Stove, after recently launching the Windchill 47 cooler and the Steel Fire 30 griddle, which, by the way, are receiving very positive reviews, has two more notable products planned for launch later this year. with our aggressive new product rollout plan continuing in 2026. And number four, keep it simple. In my experience, great companies emphasize and structure themselves with uncomplicated processes and protocols. For us at Solo Brands, it all starts with the customer. Our mission is to provide the best product in every category that we compete in and to delight our customers with both our innovative products and exceptional customer service. Loyal enthusiasts of our brands trust us to delight them with new, innovative, relevant products, and that is exactly what we are focused on delivering. With that, I will hand the call over to Laura to cover our detailed financials.