earnings
confidence high
sentiment positive
materiality 0.85
YETI Q2 net sales +15% to $463.5M, adj EPS $0.80 +34%; raises FY2024 guidance
YETI Holdings, Inc.
2024-Q2 EPS reported
$0.77
revenue$804,893,000
- GAAP net income $56.2M ($0.64 EPS) vs $0.52 YoY; adjusted net income $70.9M ($0.80 adj EPS), up 34% YoY.
- Net sales $463.5M (+15% YoY); adjusted net sales $445.4M (+9% YoY), excluding non-cash trademark impairment reversal.
- Raises FY2024 outlook: net sales $1.770-1.790B (prior $1.735-1.760B); adj EPS $2.51-2.57 (prior $2.33-2.41).
- International sales grew 20% to $74M; Americas wholesale and DTC increased 11% combined.