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.
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.
YETI Holdings, Inc. (NYSE: YETI) announced it will release its Q3 FY2020 financial results on November 5, 2020, before market opening. A conference call will be held at 8:00 a.m. ET for discussion of the results. Participants can join by dialing 877-451-6152, referencing Conference ID 13711595. A live webcast will be available on the company's investor relations website. A recorded replay will be accessible post-call and available until November 19, 2020, via specified dial-in numbers.