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YETI
🇺🇸 NYSE:YETI
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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.

Total Revenue
$358M
Previous year: $247M
+44.8%
EPS
$0.68
Previous year: $0.41
+65.9%
Gross Margin
58.5%
Previous year: 55.7%
+5.0%
Operating Margin
20.2%
Previous year: 18.8%
+7.4%
Adjusted Operating Margin
21.6%
Previous year: 20%
+8.0%
Gross Profit
$209M
Previous year: $138M
+52.1%
Cash and Equivalents
$234M
Previous year: $127M
+83.4%
Total Assets
$864M
Previous year: $627M
+37.7%

YETI

YETI

YETI 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

Company Overview

Full financial data and analysis

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