Investors interested in stocks from the Leisure and Recreation Products sector have probably already heard of Yeti (YETI) and Sportradar Group AG (SRAD) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look. We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates ...

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. However, it isn't easy to find a great growth stock. In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end. However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyon ...

YETI Holdings, Inc. YETI shares are trading lower Friday. BofA Securities analyst Alexander Perry upgraded the company to Buy (from Neutral) and raised the price target to $55 (from $46). The company reported second-quarter financial results yesterday and raised FY24 adjusted EPS guidance. YETI reported adjusted EPS of $0.70 (+23% Y/Y), beating the estimate. The company projects FY24 adjusted sales to rise 8% – 10% (up from 7% – 9% prior) and adjusted EPS of $2.61 – $2.65 (versus $2.59 estimate), up from pr ...

Key Takeaways Yeti posted quarterly profit and sales that exceeded forecasts on strong demand for its coolers. International sales also increased. Yeti raised its full-year guidance for adjusted earnings per share and revenue. Yeti Holdings (YETI) shares surged Thursday as the maker of insulated food and drink holders reported betterthan-expected results and raised its guidance as demand for its coolers jumped. The company posted second-quarter adjusted earnings per share (EPS) of $0.70, with revenue rising ...

i ® Second Quarter 2024 Highlights | --- | --- | --- | --- | --- | --- | |--------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | ■ YETI | ■ | | | | | | | | | | | | Disclaimer We are not making any representations or warranties, express or implied, with respect to the information (financial, business, legal or otherwise) contained in this presentation. No person has been authorized to give any information other than that contained in this presentation. Forward Looking S ...

YETI Holdings, Inc. (NYSE:YETI) Q2 2024 Earnings Conference Call August 8, 2024 8:00 AM ET Company Participants Thomas Shaw - Vice President of Investor Relations Matthew Reintjes - President & Chief Executive Officer Michael McMullen - Senior Vice President, Chief Financial Officer & Treasurer Conference Call Participants Brooke Roach - Goldman Sachs Randy Konik - Jefferies Peter Benedict - Robert Baird Operator Good morning ladies and gentlemen and welcome to the YETI Holdings 2Q 2024 Earnings Conference ...

Yeti (YETI) reported $463.5 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 15.1%. EPS of $0.70 for the same period compares to $0.57 a year ago. The reported revenue represents a surprise of +1.49% over the Zacks Consensus Estimate of $456.69 million. With the consensus EPS estimate being $0.64, the EPS surprise was +9.38%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine thei ...

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. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 9.38%. A quarter ago, it was expected that this maker of outdoor and recreational products would post earnings of $0.25 per share when it actually produced earnings of $0.34, delivering a surprise of 36%. Over the last four q ...

Financial Performance - Net sales increased 15% to $463.5 million, compared to $402.6 million in the same period last year, with adjusted net sales increasing 9%[3] - Gross margin expanded 360 basis points to 57.0%, while adjusted gross margin expanded 280 basis points to 57.7%[2] - Operating income increased 34% to $67.4 million, representing 14.5% of sales, with adjusted operating income increasing 19% to $80.0 million, or 17.3% of adjusted sales[6][7] - EPS increased 34% to $0.59, with adjusted EPS increasing 23% to $0.70[7] - Net income for the three months ended June 29, 2024, was $50.4 million, compared to $38.1 million for the same period in 2023, representing a year-over-year increase of 32.5%[28] - The company reported a diluted net income per share of $0.59 for the three months ended June 29, 2024, compared to $0.44 for the same period in 2023, showing improved profitability[28] - Net income for the quarter was $66,251, up from $48,635, representing a growth of 36.5% year-over-year[32] Sales Channels - Direct-to-consumer channel sales increased 11% to $250.4 million, while wholesale channel sales increased 21% to $213.1 million[4] - The United States accounted for $386,886 of total net sales in the three months ended June 29, 2024, up from $345,888 in the prior year, a growth of 11.9%[38] - Direct-to-consumer sales accounted for $250,370 of net sales in the three months ended June 29, 2024, compared to $226,388 in the prior year, a growth of 10.6%[38] - Wholesale channel sales were $213,129 for the three months ended June 29, 2024, compared to $176,175 in the prior year, reflecting a 20.9% increase[38] - The company anticipates continued growth in both direct-to-consumer and wholesale channels, supported by new product launches and market expansion strategies[36] International Sales - International net sales increased 35%, with a third consecutive quarter of over 30% growth in the international business[2] Financial Outlook - The company raised its full-year 2024 sales outlook to an increase of 8% to 10%[15] - Adjusted net sales for Fiscal 2023 were $1,680,413, with a projected range for Fiscal 2024 between $1,814,846 and $1,848,454[40] - Adjusted operating income for Fiscal 2023 was $262,785, expected to rise to between $299,450 and $304,995 in Fiscal 2024, representing an increase in margin from 15.6% to 16.5%[40] - Adjusted net income for Fiscal 2023 was $196,987, with a forecast for Fiscal 2024 between $223,989 and $228,138, increasing the margin from 11.7% to 12.3%[40] - Adjusted net income per diluted share for Fiscal 2023 was $2.25, projected to increase to between $2.61 and $2.65 in Fiscal 2024[40] Expenses and Investments - Selling, general, and administrative (SG&A) expenses for the three months ended June 29, 2024, were $196.9 million, compared to $164.5 million in the same period last year, reflecting increased investment in growth initiatives[28] - Capital expenditures are expected to be between $50 million and $60 million, primarily for investments in technology and new product innovation[15] Debt and Equity - Total debt decreased to $80.2 million, with mandatory debt payments of $1.1 million made during the quarter[14] - Stockholders' equity decreased to $705,860 from $723,610, a decline of approximately 2.4%[30] - Total current liabilities decreased to $351,860 from $398,353, a reduction of about 11.7%[30] Inventory and Cash Flow - Inventory increased 17% to $378.3 million, driven by the re-stock of soft coolers and bags inventory[14] - Cash and cash equivalents at the end of the period were $212,937, down from $223,136, a decrease of 4.9%[32] - The company reported a net cash used in operating activities of $(47,714) compared to $28,781 in the previous year[32] Product Recalls - For the three months ended July 1, 2023, net sales decreased by $24.5 million due to product recalls, with $8.1 million attributed to direct-to-consumer (DTC) and $16.4 million to wholesale channels[16] - The total impact of product recalls on income before income taxes was a decrease of $8.7 million for the three months ended July 1, 2023[16] - The company reported a product recall adjustment of $21,700 impacting net sales for the twelve months ended December 30, 2023[41] Share Repurchase Program - The company initiated a share repurchase program of up to $300 million, with $100 million executed through an accelerated share repurchase agreement, resulting in the repurchase of approximately 2.6 million shares[18] - As of June 29, 2024, $200 million remained available under the share repurchase program, indicating ongoing commitment to returning value to shareholders[18] Operational Efficiency - The company is focused on strategic organizational realignments and business optimization to enhance operational efficiency[41]

Wall Street analysts forecast that Yeti (YETI) will report quarterly earnings of $0.64 per share in its upcoming release, pointing to a year-over-year increase of 12.3%. It is anticipated that revenues will amount to $456.69 million, exhibiting an increase of 13.5% compared to the year-ago quarter. Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 1% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections ...