Welcome to our dedicated page for Yeti Holdings news (Ticker: YETI), a resource for investors and traders seeking the latest updates and insights on Yeti Holdings stock.
YETI Holdings Inc. (YETI) delivers premium outdoor products through innovative design and durable engineering. This news hub provides investors and industry observers with direct access to the company's official announcements and financial developments.
Track critical updates including product launches, quarterly earnings disclosures, strategic partnerships, and leadership changes. All content is sourced from verified company communications to ensure accuracy and timeliness.
Key areas of coverage include innovations in outdoor gear technology, sustainability initiatives, market expansion efforts, and financial performance metrics. The curated collection serves as an essential resource for understanding YETI's business trajectory.
Bookmark this page for streamlined access to YETI's latest corporate communications. Check regularly for authoritative updates directly from the company.
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.
YETI Holdings, Inc. reported strong first-quarter 2024 results, with a 13% increase in net sales and a 50% increase in EPS. Gross margin expanded by 360 basis points, and operating margin expanded by 260 basis points. The company entered into a $100 million accelerated share repurchase agreement, showing confidence in future growth. YETI continues to see growth in both wholesale and direct-to-consumer channels, with international sales reaching a record high. The company maintains its full-year 2024 sales outlook and raises EPS outlook, expecting adjusted sales to increase between 7% and 9%.
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