YETI Holdings Inc. (NYSE: YETI) stock is soaring 5.84% in pre-market trading on Thursday following the company's impressive third-quarter results and improved full-year outlook. The outdoor product manufacturer reported better-than-expected earnings and sales, demonstrating resilience in a challenging macroeconomic environment.
For the third quarter, YETI reported adjusted earnings per share of $0.61, surpassing the analyst consensus estimate of $0.58. While this represents a 14% decrease from the same period last year, it still beat market expectations. The company's quarterly sales rose 2% to $487.8 million, also exceeding the analyst estimate of $480.3 million. The strong performance was primarily driven by robust demand for YETI's coolers and equipment, which saw a 12% increase in sales.
Investors were particularly encouraged by YETI's improved outlook and strategic moves. The company raised its full-year 2025 adjusted earnings guidance to $2.38-$2.49 per share, up from the previous range of $2.34-$2.48. Additionally, YETI increased its 2025 share repurchase target to $300 million from $200 million, signaling confidence in its future prospects. The company's international sales grew an impressive 14%, highlighting successful expansion efforts in markets such as Europe, Australia, and Japan. These positive factors, combined with YETI's ability to navigate supply chain challenges and inflationary pressures, have contributed to the stock's significant pre-market rally.
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