YETI Holdings, Inc. (YETI) is likely to benefit from product innovation, expansion efforts and strategic partnerships. A focus on supply-chain diversification bodes well. However, the macroeconomic environment poses concerns. Factors Driving the YETI Stock Innovation Driving Growth: YETI's continuous focus on innovation has been a catalyst for its success. In the second quarter, the company introduced new cooler products, including the Roadie 15, which has seen strong early demand. YETI's innovative approac ...

Group 1 - The S&P 500 index has shown resilience, achieving nearly a 20% gain for the year despite recent concerns [1] - There is a recommendation to rotate portfolios towards lesser-known value stocks that have experienced declines this year [1] - Gary Alexander, with extensive experience in technology and startups, contributes insights on industry trends and has been active on Seeking Alpha since 2017 [1]

Core Viewpoint - YETI Holdings Inc. reported strong earnings, exceeding expectations with an EPS of 70 cents and revenue of $463.50 million, showcasing significant year-over-year growth in both revenue and EPS [1][2]. Financial Performance - Revenue increased by 13% year-over-year, while EPS rose by 37% year-over-year [2]. - The company raised its forward guidance, expecting sales growth of 8% to 10% for the current quarter, up from a previous estimate of 7% to 9% [2]. - Adjusted net income is projected to be between $2.61 and $2.65 per share, higher than the prior guidance of $2.49 to $2.62 [2]. Market Reaction - Following the earnings report, YETI's stock price surged approximately 17% to around $43.50 per share, although it remains down 19% year-to-date [4]. - The stock's price target is set at $46.29, indicating a potential upside of 11.24% from its recent closing price [10]. Consumer Insights - YETI's products are positioned in the discretionary spending category, appealing to consumers with higher disposable incomes, which aligns with the current bifurcated economy [5]. - The company has launched products targeting the back-to-school market and capitalized on seasonal events like camping season and Father's Day [6]. Strategic Partnerships - YETI has entered a licensing agreement with the NFL and partnered with the Dallas Cowboys, enhancing its brand visibility during tailgate season [7]. Competitive Landscape - While YETI has performed well, other premium brands like Lululemon have faced challenges, indicating differing paths for these companies [8]. - YETI's international cooler sales increased by 35%, surpassing U.S. sales growth by 12%, suggesting strong global demand [9]. Valuation Metrics - YETI's forward P/E ratio is around 17x, below the consumer discretionary sector average of 22x, suggesting the stock may be undervalued [11]. - Analysts project earnings growth of around 13%, supporting the argument for a fairly valued stock [10].

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 ...

Core Insights - YETI Holdings, Inc. shares are currently trading lower despite an upgrade from BofA Securities analyst Alexander Perry, who raised the price target to $55 from $46 and upgraded the rating to Buy from Neutral [1] Financial Performance - YETI reported adjusted EPS of $0.70, reflecting a 23% year-over-year increase, which surpassed estimates [2] - The company has revised its FY24 adjusted sales growth projection to 8% – 10%, up from the previous range of 7% – 9%, and adjusted EPS guidance to $2.61 – $2.65, compared to the prior estimate of $2.49 – $2.62 [2] Analyst Expectations - The bullish outlook from the analyst is driven by anticipated gains from NFL drinkware, cooler rollouts, a strong third-quarter performance during Amazon Prime Day, new product launches, and solid long-term growth prospects in markets such as Japan, the U.K., and Germany [2] - The FY24 EPS estimate has been raised to $2.65 from $2.60, with expectations that the NFL deal will enhance revenue in 2025 [3] Strategic Initiatives - The analyst has also increased YETI's EPS estimates for 2025-26, highlighting the company's long-term strategy that includes diversification through new product lines such as backpacks and cookware, deeper expansion into European and Asian markets, potential mergers and acquisitions for technology and talent, and share repurchases planned for 2024 [3]

Core Insights - Yeti reported quarterly profit and sales that exceeded forecasts due to strong demand for its coolers [1] - The company raised its full-year guidance for adjusted earnings per share and revenue [1] Financial Performance - Yeti posted second-quarter adjusted earnings per share (EPS) of $0.70, with revenue rising 15% year-over-year to $463.5 million, both surpassing analyst estimates [2] - Sales in the Coolers & Equipment segment surged 31% to $205.9 million, driven by demand for soft coolers and bags [2] - The Drinkware division saw a 6% increase in sales to $246.5 million, attributed to new products and colors [2] Market Position and Demand - CEO Matt Reintjes indicated that the company is well-positioned to meet the growing demand for coolers, which increased throughout the quarter [3] - International sales experienced a significant increase of 35%, while U.S. sales rose by 12% [3] Updated Guidance - Yeti now expects full-year adjusted EPS to be between $2.61 and $2.65, an increase from the previous forecast of $2.49 to $2.62 [4] - The company anticipates adjusted sales growth of 8% to 10%, compared to the earlier outlook of 7% to 9% [4] - Following the announcement, Yeti's shares surged 17% to $43.42, although they remain down 16% year-to-date [4]

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 ...