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Jun 27, 2020
YETI Q2 2020 Earnings Report
YETI reported a strong second quarter performance driven by direct-to-consumer growth and gross margin expansion.
Key Takeaways
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.
Net sales increased by 7% to $246.9 million.
Direct-to-consumer (DTC) channel net sales increased by 61%.
Gross margin expanded by 550 basis points to 55.7%.
Net income increased by 51% to $33.5 million.
YETI
YETI
YETI Revenue by Segment
Forward Guidance
Due to continued market uncertainty, YETI is not providing a 2020 outlook at this time.
Revenue & Expenses
Visualization of income flow from segment revenue to net income