Yeti Holdings Stock Price, News & Analysis

YETI Holdings, Inc. (NYSE: YETI) announced it will report its Q2 fiscal year 2021 financial results on August 5, 2021, prior to market opening. A conference call will follow at 8:00 a.m. ET, where investors and analysts can dial in to discuss the results. Interested participants should join approximately 10 minutes early and reference Conference ID 10015594. A live webcast of the call will also be available on YETI's investor relations website.

YETI Holdings reported strong Q1 2021 results, with net sales increasing by 42% year-over-year to $247.6 million. The direct-to-consumer channel saw a 59% growth, now comprising 51% of net sales. Gross profit rose 57% to $145.2 million, driven by favorable product mix and lower costs. Operating income surged 148% to $40.0 million. YETI raised its full-year net sales outlook to 20%-22% growth. Cash increased to $190.3 million while total debt reduced to $129.4 million. Adjusted net income per diluted share is projected between $2.28 and $2.32.

YETI Holdings, Inc. (NYSE: YETI) will report its first quarter fiscal year 2021 financial results on May 13, 2021, before the market opens. A conference call will be hosted at 8:00 a.m. ET to discuss these results. Interested investors can join by dialing 877-451-6152 or through a live webcast on YETI's investor relations page. A replay of the call will be available shortly after it concludes until May 27, 2021. YETI is known for its innovative outdoor products, appealing to outdoor enthusiasts and casual users alike.

On March 18, 2021, YETI announced a multiyear partnership with Perfect Game, becoming the Official National Cooler and Drinkware partner. This collaboration aims to enhance youth baseball and softball experiences, particularly through the East Cobb Baseball and Softball Complex in Marietta, GA. YETI will introduce co-branded drinkware, starting with Rambler® Bottles. Both companies share a commitment to serving their communities, and this partnership is designed to keep youth hydrated while participating in sports.

YETI Holdings, Inc. (NYSE: YETI) will have its executive management team present at the BofA Securities 2021 Consumer & Retail Technology Conference on March 9, 2021, at 9:30 AM ET. A live webcast of this presentation will be accessible for interested stakeholders. Based in Austin, Texas, YETI specializes in the design, retail, and distribution of high-quality outdoor products, including coolers, drinkware, and bags, catering to outdoor enthusiasts and consumers who appreciate exceptional product performance.

YETI Coolers has launched its new Crossroads Collection, featuring durable bags made from Tuffskin™ Nylon. This collection includes three backpacks, two duffels, and two soft-sided luggage options, available exclusively on yeti.com. Additionally, the Panga® 22 Carry On, YETI's first hard-sided luggage, is set to be released this spring. Each product emphasizes durability and organization, designed to meet the needs of active consumers.

YETI Holdings reported robust financial results for Q4 and fiscal year 2020, achieving a net sales increase of 26% to $375.8 million in Q4 and a 19% rise to $1.09 billion for the year. The direct-to-consumer (DTC) channel surged 46% in Q4, comprising 58% of total sales. Gross margin rose to 59.8%, with adjusted EPS up 75%. The company anticipates 15%-17% net sales growth for 2021 and projects net income per diluted share between $1.95 and $1.98.

YETI Holdings, Inc. plans to report its fourth quarter and fiscal year 2020 financial results on February 11, 2021, before the market opens. A conference call will be held at 8:00 a.m. ET to discuss these results. Investors can join the call by dialing 877-451-6152 and referencing Conference ID 13714657. A live webcast will also be available on YETI's investor relations website. The recorded replay will be accessible until February 25, 2021.

YETI reported strong Q3 2020 financial results, with a 29% revenue growth to $294.6 million, driven by a 62% increase in direct-to-consumer sales. Gross profit surged 45% to $174.0 million, elevating gross margin to 59.1%. Operating income soared 106% to $70.1 million, and net income increased by 142% to $51.4 million. The company ended the quarter with $235 million in cash and reduced debt by $50 million. For Q4, YETI anticipates a 15%-16% revenue increase, and earnings per share between $0.55 and $0.58, reflecting confidence amidst ongoing inventory constraints.