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Yeti (YETI) came out with quarterly earnings of $0.70 per share, beating the Zacks Consensus Estimate of $0.64 per share. This compares to earnings of $0.57 per share a year ago.
AUSTIN, Texas--(BUSINESS WIRE)--YETI Holdings, Inc. (“YETI”) (NYSE: YETI) today announced its financial results for the second quarter ended June 29, 2024. YETI reports its financial performance in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and as adjusted on a non-GAAP basis. Please see “Non-GAAP Financial Measures,” and “Reconciliation of GAAP to Non-GAAP Financial Information” below for additional information and reconciliations of the n.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Yeti (YETI), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2024.
Yeti (YETI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Yeti (YETI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Yeti beat Q1 2024 estimates and raised full year guidance as international growth was a record 19% of total revenue. While domestic sales grew by nearly 10% this quarter, international growth remains a key priority for the company. International sales grew by over 30% compared to Q1 2023. New products are on the horizon this summer, including a cheaper cooler option and a line of cast iron cookware.
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To start 2024, Yeti experienced growth in all areas of its business while its profit margins improved. Management boosted certain aspects of its full-year guidance because it's quickly buying back stock.
The headline numbers for Yeti (YETI) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Yeti (YETI) came out with quarterly earnings of $0.34 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.18 per share a year ago.