YETI Q2 2023: net sales down 4% GAAP, up 2% adjusted; raises 2023 outlook

YETI Holdings, Inc.

2023-Q2 EPS reported $0.56 revenue$705,359,000

Net sales decreased 4% vs prior year; adjusted net sales (excl. product recalls) increased 2%.
Gross margin continued to expand in the second quarter of 2023.
Raised low end of full-year 2023 adjusted net sales outlook; increased adjusted EPS guidance.
Voluntary product recalls impacted GAAP results but are excluded from non-GAAP metrics.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.7

YETI Holdings, Inc. updated its second quarter ended July 1, 2023 guidance (raised).

Period: second quarter ended July 1, 2023
Guidance: raised
Result: reported results

Exact text from the filing

YETI Reports Second Quarter 2023 Results Net Sales Decreased 4%; Adjusted Net Sales Increased 2% Gross Margin Continues to Expand Raises Low End of Full Year 2023 Adjusted Net Sales Outlook Range Increases Full Year 2023 Adjusted EPS Outlook

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Source: SEC EDGAR

accession 0001670592-23-000014

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