YETI Holdings, Inc. (YETI) Tops Q3 EPS by 4c

YETI Holdings, Inc. (NYSE: YETI) reported Q3 EPS of $0.71, $0.04 better than the analyst estimate of $0.67. Revenue for the quarter came in at $478.4 million versus the consensus estimate of $470.99 million.

For Fiscal 2024, YETI expects:

Adjusted sales to increase approximately 9% (versus previous outlook of between 8% and 10%);
Adjusted operating income as a percentage of adjusted sales of approximately 16.5% (consistent with previous outlook);
An effective tax rate of approximately 24.8% (compared to 24.8% in the prior year period);
Adjusted net income per diluted share of approximately $2.65 (versus previous outlook of between $2.61 and $2.65), reflecting an 18% increase;
Diluted weighted average shares outstanding of approximately 86.0 million (consistent with previous outlook); and
Capital expenditures of approximately $50 million (versus previous outlook of between $50 million and $60 million) primarily to support investments in technology and new product innovation.

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

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