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Jul 03, 2021
YETI Q2 2021 Earnings Report
YETI's Q2 2021 results reflected a surge in net sales and earnings per share.
Key Takeaways
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.
Net sales increased 45% to $357.7 million.
Direct-to-consumer (DTC) channel net sales increased 48% to $196.9 million.
Wholesale channel net sales increased 41% to $160.8 million.
Earnings per share increased to $0.63 from $0.38.
Revenue by Segment
Forward Guidance
YETI updated its 2021 outlook, expecting net sales to increase between 26% and 28%, and adjusted net income per diluted share to be between $2.42 and $2.46.
Positive Outlook
- Net sales are now expected to increase between 26% and 28%.
- Operating income as a percentage of net sales is expected to be approximately 19%.
- Adjusted operating income as a percentage of net sales is expected to be approximately 20.5%.
- Net income per diluted share is now expected to be between $2.25 and $2.29.
- Adjusted net income per diluted share is now expected to be between $2.42 and $2.46.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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