Yeti Holdings - YETI STOCK NEWS

YETI Holdings (NYSE: YETI) has announced the appointment of J. Magnus Welander and Arne Arens to its Board of Directors, effective March 24, 2025. These appointments increase the Board size to 10 members, with nine being independent directors.

The company has entered into a cooperation agreement with stockholder Engaged Capital, , who played a role in identifying Arens as a prospective Board member. The appointments are part of YETI's ongoing Board refreshment efforts, aimed at aligning director experience with the company's strategy and future opportunities.

Both new directors bring decades of experience in positioning leading outdoor brands for expansion into new categories and markets. The move reflects YETI's commitment to driving growth, delivering sustainable value for stockholders, and capitalizing on the company's strong brand position and momentum.

YETI Holdings reported strong financial results for Q4 and fiscal year 2024. Q4 net sales increased 5% to $546.5M, with adjusted net sales up 7%. Full-year net sales grew 10% to $1.83B, with adjusted net sales rising 9%. Q4 EPS decreased 30% to $0.63, while adjusted EPS increased 11% to $1.00.

The company saw significant international growth, with international net sales up 27% in Q4 and 31% for the full year. Drinkware sales increased 3% to $358.1M in Q4, while Coolers & Equipment sales rose 9% to $180.2M.

For fiscal 2025, YETI expects adjusted sales growth of 5-7%, with adjusted EPS projected between $2.90-$2.95. The company announced a $350M increase to its share repurchase program and anticipates approximately $200M in free cash flow for 2025.

YETI Holdings (NYSE: YETI) has announced its plans to report fourth quarter and fiscal year 2024 financial results on Thursday, February 13, 2025, before market opening. The company will host a conference call at 8:00 a.m. ET to discuss the results.

Investors and analysts can participate by dialing 800-717-1738 (international: 646-307-1865) approximately 10 minutes before the call. A live webcast will be available on YETI's investor relations website. A replay will be accessible until February 27, 2025, via phone (844-512-2921; international: 412-317-6671) using access code 1154620, and will remain on the website for 90 days.

YETI Holdings reported strong Q3 2024 results with net sales increasing 10% to $478.4 million. Key highlights include: Drinkware sales up 9% to $275.0 million, Coolers & Equipment sales up 12% to $192.6 million, and international sales growth of 30%. The company maintained a gross margin of 58.0% and saw EPS increase 35% to $0.66. Direct-to-consumer sales grew 8% while wholesale channel sales rose 14%. YETI has updated its 2024 outlook, expecting adjusted sales to increase approximately 9% with adjusted EPS of $2.65.

YETI Holdings, Inc. (NYSE: YETI) has announced its plans to report third quarter fiscal year 2024 financial results on Thursday, November 7, 2024, before the market opens. The company will host a conference call at 8:00 a.m. ET to discuss these results. Investors and analysts can participate by dialing 800-717-1738 (international: 646-307-1865) about 10 minutes before the call starts.

A live webcast will be available on YETI's investor relations website. A recorded replay of the call will be accessible until November 21, 2024, by dialing 844-512-2921 (international: 412-317-6671) with access code 1171353. The webcast replay will remain on the website for 90 days.

Windmill, a leading brand in modern air care, has launched its latest innovation: The Windmill Air Purifier. This sleek, high-performance air purifier combines cutting-edge technology with contemporary design, aiming to elevate the rapidly-growing air purifier category. Alongside this product launch, Windmill has secured $5 million in Series A financing from investors including YETI Capital, Pentland Ventures, and others.

The Windmill Air Purifier features advanced capabilities such as a laser-based air quality sensor, automatic Eco Mode, dual Sleep Modes, and an intuitive app for remote control. Available in White, Navy, and Bamboo, the purifier is Energy Star rated and priced starting at $299. This launch aligns with Windmill's mission to revolutionize home air care, following the success of their window AC units which have sold over 100,000 units nationwide.

Looma, a leading in-store digital media provider, has secured $10 million in fresh funding from family offices, YETI Capital, and current investors. The company plans to use the funds to expand its platform and extend its product offering. Looma aims to grow its install base from 800 screens in 2023 to over 5,000 screens by the end of 2024.

The expanded platform will feature three screen types: high-value space screens, in-aisle interactives, and atmospheric screens. Looma is currently deployed in 675 stores across the East Coast, Midwest, and Texas, including retailers such as H-E-B, Harris Teeter, and Lowes Foods. In connection with the funding round, Margot Fooshee, former marketing executive from J.Crew and Beautycounter, has joined Looma's board of directors.

YETI Holdings reported strong Q2 2024 results, with net sales increasing 15% to $463.5 million and adjusted net sales up 9%. The company saw growth across all segments, with notable performance in Coolers & Equipment (31% increase) and international sales (35% increase). Gross margin expanded 360 basis points to 57.0%, while EPS increased 34% to $0.59. YETI raised its full-year 2024 outlook, now expecting adjusted sales growth between 8% and 10%, and adjusted EPS between $2.61 and $2.65. The company's strong performance was attributed to product innovation, brand engagement, and expansion in both domestic and international markets.

YETI Holdings, Inc. (NYSE: YETI) has announced its plans to report second quarter fiscal year 2024 financial results on Thursday, August 8, 2024, before the market opens. The company will host a conference call at 8:00 a.m. ET to discuss the results. Investors and analysts can participate by dialing 800-717-1738 (international: 646-307-1865) about 10 minutes before the call starts.

A live webcast will be available on YETI's investor relations website. A recorded replay of the call will be accessible until August 22, 2024, by dialing 844-512-2921 (international: 412-317-6671) with access code 1160266. The webcast replay will remain on the website for 90 days.