Fox Factory Holding Corp. (NASDAQ:FOXF) Q2 2020 Earnings Conference Call - Final Transcript

Aug 05, 2020 • 04:30 pm ET

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Fox Factory Holding Corp. (NASDAQ:FOXF) Q2 2020 Earnings Conference Call - Final Transcript

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Operator
Operator

Good afternoon, ladies and gentlemen and thank you for standing by. Welcome to Fox Factory Holdings Corporation's Second Quarter 2020 Earnings Release Conference Call. [Operator Instructions]

I would now turn the conference over to your host, David Haugen, General Counsel. Thank you. You may begin.

Executive
David Haugen

Thank you. Good afternoon, and welcome to Fox Factory's second quarter fiscal 2020 earnings conference call. On the call today are Mike Dennison, Chief Executive Officer and Scott Humphrey, Chief Financial Officer. John Blocher, Senior Vice President of Finance will also be available for Q&A. By now, everyone should have access to the earnings release, which went out today at approximately 4.05 Eastern Time.

If you've not had a chance to review the release, it's available on the Investor Relations' portion of our website at investor.ridefox.com. Please note that throughout this call, we will refer to Fox Factory as FOX or the Company.

Before we begin, I'd like to remind everyone that the prepared remarks contain forward-looking statements and management may make additional forward-looking statements in response to your questions. Such statements

Operator
Operator

Good afternoon, ladies and gentlemen, and thank you for standing by. Welcome to Fox Factory Holdings Corporation Second Quarter 2020 Earnings Release Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] Please note, this conference is being recorded.

I will now turn the conference over to your host, David Haugen, General Counsel. Thank you. You may begin.

Executive
David Haugen

Thank you. Good afternoon, and welcome to Fox Factory's second quarter fiscal 2020 earnings conference call. On the call today are Mike Dennison, Chief Executive Officer; and Scott Humphrey, Chief Financial Officer. John Blocher, Senior Vice President of Finance, will also be available for Q&A.

By now, everyone should have accessed to the earnings release, which went out today at approximately 4:05 Eastern Time. If you've not had a chance to review the release, it's available on the Investor Relations portion of our website at investor.ridefox.com. Please note that throughout this call, we will refer to Fox Factory as FOX or the company.

Before we begin, I'd like to remind everyone that the prepared remarks contain forward-looking statements, and management may make additional forward-looking statements in response to your questions. Such statements involve a number of known and unknown uncertainties, many of which are outside the company's control and can cause future results, performance or achievements to differ significantly from the results, performance or achievements expressed or implied by such forward-looking statements. Important factors and risks that could cause or contribute to such differences are detailed in the company's latest Form 10-Q and in the annual report on Form 10-K filed with the Securities and Exchange Commission. Except as required by law, the company undertakes no obligation to update any forward-looking or other statements herein, whether as a result of new information, future events or otherwise.

In addition, within our earnings release and in today's prepared remarks, non-GAAP gross margins, non-GAAP operating expenses, non-GAAP