YETI Holdings, Inc. (YETI) Tops Q4 EPS by 3c, Offers Guidance

YETI Holdings, Inc. (NYSE: YETI) reported Q4 EPS of $0.87, $0.03 better than the analyst estimate of $0.84. Revenue for the quarter came in at $443.1 million versus the consensus estimate of $443.39 million.

GUIDANCE:

YETI Holdings, Inc. sees FY2022 EPS of $2.82-$2.86 vs consensus of $2.93.

1. Net sales to increase between 18% and 20% with sales growth weighted to the second half of the year;
2. Operating income as a percentage of net sales of approximately 18.5% and operating income to increase between 13% to 15%;
3. Adjusted operating income as a percentage of net sales of approximately 20% and adjusted operating income to increase between 13% to 15%;
4. An effective tax rate of approximately 24% (versus 21.8% in the prior year period);
5. Net income per diluted share between $2.62 and $2.67, reflecting a 9% to 11% increase, with earnings growth weighted to the second half of the year;
6. Adjusted net income per diluted share between $2.82 and $2.86, reflecting a 10% to 11% increase, with earnings growth weighted to the second half of the year;
7. Diluted weighted average shares outstanding of approximately 88.9 million; and
8. Capital expenditures of approximately $60 million primarily to support investments in technology and new product innovation and launches.

For earnings history and earnings-related data on YETI Holdings, Inc. (YETI) click here.

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