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. reports recurring developments tied to its global outdoor products business, including coolers, drinkware, bags, apparel and related accessories sold under the YETI brand. Company updates commonly address quarterly and annual results, GAAP and non-GAAP performance measures, product-category sales, international demand, and channel activity across direct-to-consumer, wholesale, Amazon Marketplace, corporate sales and YETI retail stores.
YETI news also includes share repurchase activity, investor conference participation, reporting dates for earnings calls, and governance or leadership changes such as finance executive transitions. The company’s updates generally connect brand activity and product innovation with sales trends in outdoor and recreation markets.
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YETI Holdings, Inc. (NYSE: YETI) will announce its first quarter fiscal year 2023 financial results on May 11, 2023, before market open. A conference call is scheduled for 8:00 a.m. ET to discuss these results. Investors can participate by dialing 833-816-1399 (or 412-317-0492 for international callers) approximately 10 minutes before the call. A live webcast will be available on the investor relations section of YETI's website. The call replay will be accessible until May 25, 2023. YETI, based in Austin, Texas, specializes in innovative outdoor products, emphasizing quality and performance, and boasts a loyal customer base of outdoor enthusiasts.
YETI Holdings reported fourth quarter 2022 net sales of $448.0 million, a 1% increase year-over-year, with adjusted sales rising 10% to $486.4 million. For the full year, net sales grew 13% to $1,595.2 million, and adjusted sales increased 16% to $1,633.6 million. The results were affected by $38.4 million in unfavorable impacts from voluntary recalls announced earlier. Direct-to-consumer sales surged 17% to $309.5 million but wholesale sales fell 23%. The company anticipates adjusted sales growth of 3% to 5% for fiscal 2023, largely weighted towards the second half, alongside potential earnings declines in the initial quarters.