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Jul 02, 2022
YETI Q2 2022 Earnings Report
YETI delivered strong growth of 17% and experienced softer digital traffic and new customer acquisition trends.
Key Takeaways
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.
Sales increased 17% to $420.0 million.
Direct-to-consumer (DTC) channel sales increased 14% to $224.8 million.
Wholesale channel sales increased 21% to $195.2 million.
Net income decreased 18% to $46.3 million.
YETI
YETI
YETI Revenue by Segment
YETI Revenue by Geographic Location
Revenue by Segment
Direct-to-Consumer Revenue
CapyFin.comWholesale Revenue
CapyFin.comDrinkware Revenue
CapyFin.comCoolers & Equipment Revenue
CapyFin.comRevenue by Geographic Location
United States Revenue
CapyFin.com Forward Guidance
YETI is adjusting its Fiscal 2022 outlook to sales growth of between 15% and 17% and adjusted operating margin of 17.0% to 17.5%.
Positive Outlook
- Product launches
- Impactful brand reach
Revenue & Expenses
Visualization of income flow from segment revenue to net income