Overview
Yeti Q3 net sales grew 2%, driven by Coolers & Equipment, beating analyst expectations
Adjusted EPS for Q3 beats analyst expectations despite a 14% decrease
Company raises 2025 share repurchase target to $300 mln, indicating growth confidence
Outlook
Yeti expects 2025 adjusted sales to increase 1% to 2%
Yeti raises 2025 share repurchase target to $300 mln
Yeti sees 2025 adjusted EPS between $2.38 and $2.49
Result Drivers
INTERNATIONAL SALES - Co reports 14% increase in international sales, driven by growth in Europe, Australia, and new market entry in Japan
COOLERS & EQUIPMENT - Segment sales rose 12%, driven by strong performance in soft coolers and bags
TARIFF IMPACT - Higher tariff costs negatively impacted gross margin by 320 basis points
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales | Beat | $487.80 mln | $480.27 mln (15 Analysts) |
Q3 Adjusted EPS | Beat | $0.61 | $0.58 (16 Analysts) |
Q3 Adjusted Net Income | Beat | $49.60 mln | $47.79 mln (14 Analysts) |
Q3 Adjusted Operating Income | Beat | $66.60 mln | $64.68 mln (14 Analysts) |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 11 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the recreational products peer group is "buy"
Wall Street's median 12-month price target for Yeti Holdings Inc is $35.00, about 4.6% above its November 5 closing price of $33.39
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 15 three months ago
Press Release: ID:nBw7p2qSna
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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