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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.
Revenue by Segment
Revenue by Geographic Location
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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