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. (NYSE: YETI) is a global designer, retailer, and distributor of outdoor products, and its news flow reflects both its consumer brand focus and its status as a public company. Headquartered in Austin, Texas, YETI regularly issues updates on its financial performance, strategic priorities, and participation in investor events.
On this page, readers can follow YETI news related to quarterly earnings, capital allocation, and category performance across Drinkware and Coolers & Equipment. The company frequently reports on trends in its direct-to-consumer and wholesale channels, international and U.S. sales mix, and the impact of factors such as tariffs and supply chain diversification on its operations.
YETI’s press releases also highlight developments in its global brand expansion, including performance in regions such as Europe, Canada, Australia, and Japan. Management commentary often discusses product innovation, growth in bags, soft coolers, and hard coolers, and the company’s efforts to broaden its product platforms while maintaining what it describes as strong gross and operating margins.
Investors and followers of the brand will also see announcements about investor conferences hosted by firms like Morgan Stanley, Goldman Sachs, William Blair, Jefferies, and KeyBanc Capital Markets, where YETI’s management participates in fireside chats and presentations. Additional updates can include leadership and governance items, such as changes in investor relations leadership or board-level developments disclosed through press releases and Form 8-K filings.
By reviewing the YETI news feed, users can track how the company communicates its financial results, strategic initiatives in supply chain and international markets, and ongoing engagement with the investment community.
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.
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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