YETI Earnings Reports

YETI reported a 5% YoY revenue increase in Q4 2024, driven by strong international sales and growth in the Coolers & Equipment segment. However, operating margin contracted due to higher SG&A expenses. Adjusted EPS grew by 11%.

YETI Holdings, Inc. reported a 10% increase in net sales for the third quarter of 2024, with strong performance across its product portfolio and international business. The company's gross margins expanded, and earnings growth was strong. YETI updated its EPS outlook to the high-end of its previous range.

YETI reported a strong second quarter in 2024, with net sales increasing by 15% to $463.5 million. The company saw significant growth in its Coolers & Equipment category and international business. Gross margin expanded, and both EPS and adjusted EPS increased.

YETI Holdings, Inc. reported a 13% increase in net sales for Q1 2024, with significant growth in both wholesale and direct-to-consumer channels, as well as in the Coolers & Equipment and Drinkware categories. The company experienced gross margin and operating margin expansion, leading to a 50% increase in EPS and an 89% increase in adjusted EPS. The company maintains full year 2024 sales outlook and raises full year 2024 EPS outlook.

YETI reported a 16% increase in net sales for the fourth quarter, driven by strong growth in Drinkware and International segments. However, results were below guidance due to cautious spending on Coolers & Equipment. Gross margins expanded, and the company's balance sheet ended the year strong.

YETI's sales were flat year-over-year, but the direct-to-consumer channel saw a 14% increase. Gross margin expanded significantly, driven by lower inbound freight and product costs. The company maintains its full-year sales outlook and narrows adjusted EPS outlook to the high-end of the prior range.

YETI's second quarter results showed a decrease in sales by 4% to $402.6 million, but adjusted sales increased by 2% to $427.1 million. The company's gross margin continued to expand, and they raised the low end of their full-year adjusted net sales outlook range and increased the full-year adjusted EPS outlook.

YETI Holdings, Inc. reported a 3% increase in sales for the first quarter of 2023, despite the impact of voluntary recalls. The company's direct-to-consumer channel saw a 7% increase, while wholesale channel sales decreased by 1%. Gross profit increased by 5%, and the company reiterates its 2023 outlook.

YETI Holdings reported a 1% increase in net sales for Q4 2022, which includes an unfavorable impact from voluntary recalls. Adjusted sales, excluding the impact of these recalls, increased by 10%. The direct-to-consumer channel showed strong growth, while the wholesale channel was impacted by later-than-planned consumer demand. Gross profit and operating income were negatively affected by the recalls, but adjusted figures showed a smaller decrease.

YETI Holdings reported a stronger than expected 20% increase in sales for the third quarter of 2022, driven by growth in both DTC and wholesale channels. However, gross margin decreased due to higher inbound freight, product costs, and unfavorable foreign currency exchange rates. The company maintains and narrows its fiscal year 2022 outlook, expecting sales growth of approximately 16% and an adjusted operating margin of approximately 17%.

YETI Holdings, Inc. reported a 17% increase in sales to $420.0 million for the second quarter ended July 2, 2022, compared to $357.7 million in the same period last year. However, sales were slightly below expectations due to softer digital traffic and new customer acquisition trends. Gross margin and operating expenses were impacted by elevated logistics and distribution costs.

YETI reported a 23% increase in net sales to $362.6 million, driven by strong performance in both DTC and wholesale channels. EPS increased to $0.60, with adjusted EPS rising to $0.64. The company raised its 2021 outlook, reflecting confidence in continued momentum.

YETI Holdings, Inc. reported a 45% increase in net sales to $357.7 million and a 66% increase in earnings per share to $0.63 for the second quarter ended July 3, 2021. The company's performance was driven by strong direct-to-consumer sales, recovery in wholesale channels, and international business growth. YETI also raised its 2021 outlook.

YETI Holdings, Inc. announced exceptional first quarter results with a 42% increase in net sales, fueled by strong demand. Gross margin expansion powered a nearly 700-basis point improvement in operating margin, contributing to a more than three-fold increase in earnings per share. The company is raising its full-year net sales and earnings per share outlooks to 20% and 22% growth, respectively.

YETI reported a strong fourth quarter and fiscal year, with net sales increasing by 26% in Q4 and 19% for the full year. The company's gross margin expanded, and adjusted EPS grew significantly. YETI crossed $1 billion in net sales milestone driven by 19% topline growth.

YETI reported a strong third quarter with a 29% increase in net sales, driven by growth in both DTC and wholesale channels. The company also saw significant improvements in gross margin and operating margin, leading to a substantial increase in net income.

YETI's Q2 2020 results showed a 7% increase in net sales, driven by a 61% growth in the direct-to-consumer channel. Gross margin expanded by 550 basis points, and both EPS and adjusted EPS increased significantly. The company also fully paid down its revolver and ended the period with a leverage ratio under 1.0 times.

YETI's first quarter results showed strong performance through mid-March, with sales up 21% year-over-year. However, the COVID-19 pandemic significantly impacted results, with sales declining 25% in the final two weeks of the quarter. The company is focusing on employee safety, cost management, and maintaining financial strength.

YETI reported a 23% increase in net sales for the fourth quarter of 2019, driven by growth in both DTC and wholesale channels. Gross margin expanded by 150 basis points, primarily due to cost improvements and a favorable shift in channel mix. However, operating income and net income decreased due to a significant one-time non-cash stock-based compensation expense.