YETI Earnings Prediction
The chart below shows how YETI performed 10 days before and after its earnings report, based on data from the past quarters. Typically, YETI sees a -2.64% change in stock price 10 days leading up to the earnings, and a -2.06% change 10 days following the report. On the earnings day itself, the stock moves by +4.98%. This data can give you a slight idea of what to expect for the next quarter's release.
YETI Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
478.44M
10.35%
3.22%
Gross Margin
58.05%
0.17%
1.81%
Operating Margin
14.55%
1.96%
0.00%
Net Margin
11.76%
19.51%
8.19%
EPS
0.66
34.69%
11.86%
No Data Available
YETI Earnings Analysis
YETI Holdings, Inc. Common Stock Corporation (YETI.N) Earnings Conference Call
Positive
Sales Increase Overview: 1. Sales Growth: YETI's net sales increased by 10% in Q3 2024, reaching $478 million, with growth across all categories, channels, and geographies.
International Business Growth: 2. International Expansion: The international business saw a remarkable 30% growth, driven by strong performance in Europe and Australia, indicating successful brand penetration in new markets.
New Product Launches: 3. Product Innovation: YETI launched 18 new products in the last 12 months, including four highly anticipated items in drinkware, which are expected to perform well during the holiday season.
Operating Margin Improvement: 4. Strong Operating Margins: Operating income rose by 11% to $79 million, maintaining an operating margin of 16.6%, reflecting effective cost management and operational efficiency.
Strong Cash Reserves: 5. Healthy Cash Position: YETI ended the quarter with $280 million in cash, allowing for continued investment in growth initiatives and strategic acquisitions.
Negative
Rising SG&A Expenses: 1. Increased SG&A Expenses: SG&A expenses rose 11% to $199 million, accounting for 41.7% of sales, up from 41.3% in the prior year, primarily due to higher employee and marketing costs.
D2C Traffic Challenges: 2. Declining D2C Traffic: Direct-to-consumer (D2C) sales growth was only 8%, with weaker traffic trends noted, indicating potential challenges in attracting new customers.
Gift Card Redemption Effects: 3. Gift Card Redemption Impact: The current quarter experienced a net headwind of approximately 100 basis points from gift card redemptions related to a product recall, which affected overall sales performance.
Gross Margin Stability: 4. Flat Gross Margin Outlook: The company expects fourth quarter gross margins to be relatively flat year-over-year, impacted by hard cooler price decreases and unfavorable sales mix dynamics.
Sales Growth Revision: 5. Conservative Full-Year Sales Outlook: YETI revised its full-year sales growth expectation to approximately 9%, down from the previous range of 8% to 10%, reflecting a cautious approach amid macroeconomic uncertainties.
YETI FAQs
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YETI Earning Call Sentiment
YETI Holdings, Inc. (YETI) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
YETI.N
-1.25%Positive
The earnings call summary reveals strong financial performance with a 10% increase in net sales, a significant share repurchase program, and optimistic guidance. Despite some concerns about competition and economic factors, the Q&A session highlights management's strategic plans and confidence. The shareholder return plan and record high revenue further support a positive outlook. The market cap suggests moderate volatility, leading to a predicted stock price increase of 2% to 8% over the next two weeks.
