Good morning, and thank you for joining us to discuss YETI Holdings' fourth quarter fiscal 2025 results. Leading the call today will be Matt Reintjes, President and CEO; and Mike McMullen, CFO.

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Tau hyperphosphorylation is linked to neurodegeneration in tauopathies including Alzheimer’s disease. Tau binds microtubules cooperatively to form cohesive tau envelopes, which are thought to control ...