YETI (YETI) reported earnings on Thur 1 Aug 2019 (b/o)

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YETI Holdings beats by $0.03, beats on revs; raises FY19 EPS above consensus, revs above consensus

Reports Q2 (Jun) earnings of $0.33 per share, $0.03 better thanthe S&P Capital IQ Consensus of $0.30; revenues rose 12.3% year/year to $231.7 mln vs the $226.22 mln S&P Capital IQ Consensus.

Direct-to-consumer channel net sales increased 36% to $144.2 mln, compared to $105.8 mln in the prior year period, led by strong performance in both primary product categories.

Wholesale channel net sales increased 3% to $242.8 mln, compared to $235.8 mln in the same period last year, primarily driven by Coolers & Equipment.

Drinkware net sales increased 18% to $207.9 mln, compared to $176.7 mln in the prior year period, primarily driven by the continued expansion of the company's Drinkware product offerings, including the introduction of new colorways, sizes, and accessories and strong demand for customization.

Co issues raises guidance for FY19, sees EPS of $1.07-$1.09 vs. prior outlook of $1.02-$1.06 and above the $1.05 S&P Capital IQ Consensus; sees FY19 rev growth of 13.5-14% equating to $883.9-$887.8 mln vs. prior outlook for growth of 11.5-13% and vs. the $880.95 mln S&P Capital IQ Consensus.

YETI Holdings (YETI) reports prelim Q4 sales; raises guidance

YETI Holdings reports prelim Q4 sales +19% y/y to $241.2 mln vs $226.4 mln consensus and raises FY18 adj EPS/EBITDA guidance

• Q4 net sales in the direct-to-consumer channel increased 45% to $110.5 million, and net sales for the wholesale channel increased 4% to $130.7 million. Drinkware net sales increased 24% to $143.5 million, and Coolers & Equipment net sales +10% to $91.2 million.
• Updated FY18 outlook: adj EPS of $0.88-0.90, up from $0.79-0.82, vs $0.78 consensus. Adjusted EBITDA is now expected to be $147-149 million (versus the previous outlook of $141 million to $144 million), as compared to $97.5 million last year. Capital expenditures are still expected to be $21 million to $24 million, as compared to $42.2 million last year.

YETI Holding (YETI) reported earnings on Thur 29 Nov 2018 (b/o)

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YETI Holdings beats by $0.03, reports revs in-line; guides FY18 EPS above consensus

• Reports Q3 (Sep) earnings of $0.24 per share, $0.03 better than the S&P Capital IQ Consensus of $0.21; revenues rose 7.2% year/year to $196.1 mln vs the $195.16 mln S&P Capital IQ Consensus.
• Co issues upside guidance for FY18, sees EPS of $0.79-0.82 vs. $0.76 S&P Capital IQ Consensus.
  • Net sales to increase between 19% and 20% compared to Fiscal 2017 with higher sales growth in the DTC channel relative to the wholesale channel