Yeti Holdings Stock Price, News & Analysis

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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.

YETI Holdings, Inc. has officially appointed Mike McMullen as its Senior Vice President, Chief Financial Officer, and Treasurer, after serving as Interim CFO since October 2022. McMullen, who joined YETI in 2016, played a significant role in the company's successful IPO in 2018.

CEO Matt Reintjes expressed confidence in McMullen’s leadership abilities and his contribution to the company's growth and innovation. YETI is known for its premium outdoor products, including coolers and drinkware, with a commitment to delivering high-quality items to outdoor enthusiasts.

YETI Holdings, Inc. plans to announce its Q4 and fiscal year 2022 financial results on February 23, 2023, before the market opens. A conference call is scheduled for 8:00 a.m. ET to discuss these results. Investors can join by calling 833-816-1399 (or 412-317-0492 for international calls) approximately 10 minutes early. A live webcast will be available on the company’s investor relations website. Afterward, a recorded replay will be accessible until March 9, 2023.

YETI Holdings, Inc. reported a 20% increase in net sales for Q3 2022, totaling $433.6 million, up from $362.6 million in the prior year. Direct-to-consumer sales rose 15% to $227.4 million, while wholesale channel sales increased 25% to $206.2 million. Despite this growth, net income dropped 14% to $45.5 million, attributed to higher freight costs and foreign currency losses. YETI maintains its fiscal 2022 outlook with expected sales growth of 16% and adjusted net income per share forecasted at $2.36.

YETI Holdings, Inc. (NYSE: YETI) is set to announce its third quarter fiscal year 2022 financial results on November 10, 2022, before the market opens. The company will host a conference call at 8:00 a.m. ET to discuss the results. Investors can join the call by dialing 844-825-9789, with an international option available. A webcast will also be accessible on the investor relations section of YETI's website. A replay will be available until November 24, 2022.

YETI Holdings, Inc. (NYSE: YETI) announced the resignation of CFO Paul Carbone, effective October 28, 2022, as he returns to Boston for a family opportunity. CEO Matt Reintjes praised Carbone's significant contributions since the company's IPO in 2018. Carbone expressed pride in YETI's evolution into a public company and assured a smooth transition over the next five weeks. The Board of Directors has begun the search for a new CFO while Carbone will assist during this period.

YETI Holdings reported a 17% increase in net sales for Q2 2022, totaling $420 million, though this was below expectations. Digital traffic challenges affected new customer acquisition. Gross margin decreased to 52.2%, impacted by logistics costs and a shift towards wholesale channels. The company expects sales growth of 15% to 17% for FY 2022, down from previous estimates of 18% to 20%. Net income fell 18% to $46.3 million, while adjusted earnings per share are now projected between $2.34 and $2.46.