Core Viewpoint - The recent upgrade of Yeti to a Zacks Rank 1 (Strong Buy) indicates a positive outlook on its earnings, suggesting potential upward movement in its stock price [2][7][8]. Earnings Outlook - For the fiscal year ending December 2024, Yeti is expected to earn $2.60 per share, reflecting a 15.6% increase from the previous year [4]. - Over the past three months, the Zacks Consensus Estimate for Yeti has risen by 4.1%, indicating a trend of increasing earnings estimates [4]. Zacks Rating System - The Zacks rating system maintains a balanced approach, with only the top 5% of stocks receiving a 'Strong Buy' rating and the next 15% receiving a 'Buy' rating, highlighting the significance of earnings estimate revisions [5]. - The Zacks Rank stock-rating system has a strong track record, with Zacks Rank 1 stocks generating an average annual return of +25% since 1988 [12]. Impact of Earnings Estimates - Changes in earnings estimates are strongly correlated with near-term stock price movements, influenced by institutional investors who adjust their valuations based on these estimates [9][11]. - Rising earnings estimates for Yeti suggest an improvement in the company's underlying business, which could lead to increased investor interest and stock price appreciation [10].

Core Insights - The article compares Yeti (YETI) and Pool Corp. (POOL) to determine which stock is more attractive to value investors [1][3] Valuation Metrics - YETI has a Zacks Rank of 2 (Buy), indicating a stronger earnings outlook compared to POOL, which has a Zacks Rank of 5 (Strong Sell) [3] - YETI's forward P/E ratio is 14.02, significantly lower than POOL's forward P/E of 26.68, suggesting YETI is undervalued [5] - YETI's PEG ratio is 1, while POOL's PEG ratio is 2.15, indicating YETI's expected EPS growth is more favorable [5] - YETI has a P/B ratio of 4.78 compared to POOL's P/B of 8.44, further supporting YETI's valuation advantage [6] Value Grades - YETI holds a Value grade of B, while POOL has a Value grade of F, highlighting YETI's superior valuation metrics and earnings outlook [7]

Core Insights - YETI Holdings, Inc. reported Q1 2024 earnings that exceeded estimates and raised full-year guidance, despite the stock being down over 20% year-to-date [1] - The company is focusing on international growth, which has shown significant potential with a 30% increase in international sales, now representing 19% of total business [2][19] - New product launches, including a $200 hard cooler and cast iron cookware, are expected to drive future growth [8][23] Financial Performance - Q1 2024 revenue was approximately $341 million, a 13% increase compared to Q1 2023, with direct-to-consumer sales at $188 million (up 12%) and wholesale sales at $153 million (up 13%) [15][19] - Gross profit for the quarter was $104.8 million, with net income of $15.9 million, reflecting growth from the previous year [24][25] - The company increased its gross margin estimate to 58% and adjusted operating margin to between 16% and 16.5% [25] International Expansion - YETI's management emphasized international growth as a top priority, with plans to build commercial organizations tailored to different regions [2] - The company has seen international sales grow by over 30% year-over-year, indicating strong demand outside the U.S. [19][28] - New hires, such as Naoji Takeda as Managing Director for the region, are expected to enhance international market success [2] Product Development - Recent product launches include innovative drinkware items like stackable cups and French presses, which have contributed to stable revenue growth [3][23] - The introduction of a new line of cast iron cookware is anticipated to significantly impact growth, aligning with the company's strategy to expand its product offerings [8][23] - The company is also focusing on enhancing its cooler product line, with a new $200 cooler aimed at capturing a broader market segment [32] Valuation and Market Position - YETI's trailing P/E ratio was reported at 19.59, with an estimated intrinsic value of approximately $44 per share [6][20] - The company maintains a healthy balance sheet, with sufficient current assets to cover liabilities despite a decrease in cash balance due to acquisitions and stock repurchases [31] - The valuation grade for YETI is currently a "C-", indicating room for improvement compared to sector peers [11][30]

YETI Holdings, Inc. (NYSE:YETI) Q1 2024 Earnings Conference Call May 9, 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 Randy Konik - Jefferies Anna Glaessgen - B. Riley Peter Benedict - Robert W. Baird John Kernan - TD Cowen Peter Keith - Piper Sandler Brooke Roach - Goldman Sachs Operator Good day and welco ...

The premium brand's profits are going up.Shares of cooler and insulated drinkware maker Yeti Holdings (YETI 11.15%) jumped higher on Thursday after the company reported stronger-than-expected financial results for the first quarter. As of 11:15 a.m. ET, Yeti stock was up 12% today.Encouraging margin expansionFor the first quarter, Yeti generated net sales of $341 million, up 13% year over year. The company showed growth across product categories, sales channels, and geographic regions -- everything came in ...

Yeti (YETI) reported $341.39 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 12.8%. EPS of $0.34 for the same period compares to $0.18 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $333.79 million, representing a surprise of +2.28%. The company delivered an EPS surprise of +36.00%, with the consensus EPS estimate being $0.25.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ...

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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 36%. A quarter ago, it was expected that this maker of outdoor and recreational products would post earnings of $0.96 per share when it actually produced earnings of $0.90, delivering a surprise of -6.25%.Over the last four q ...

Exhibit 99.1 YETI Reports First Quarter 2024 Results Net Sales Increased 13% EPS Increased 50%; Adjusted EPS Increased 89% Maintains Full Year 2024 Sales Outlook and Raises Full Year 2024 EPS Outlook Austin, Texas, May 9, 2024 – YETI Holdings, Inc. ("YETI") (NYSE: YETI) today announced its financial results for the first quarter ended March 30, 2024. YETI reports its financial performance in accordance with accounting principles generally accepted in the United States of America ("GAAP") and as adjusted on ...

Wall Street analysts forecast that Yeti (YETI) will report quarterly earnings of $0.25 per share in its upcoming release, pointing to a year-over-year increase of 38.9%. It is anticipated that revenues will amount to $334 million, exhibiting an increase of 10.3% compared to the year-ago quarter.The consensus EPS estimate for the quarter has undergone an upward revision of 0.2% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their ...

The Peter Lynch philosophy of “Buy what you know” is something I tell people all the time. What it means is, when you want to invest, you should invest in companies that make the products or deliver the services you use every day. From a psychological point, it can help you stay invested and interested in companies.However, sometimes those companies that you know and love are not rocking and rolling the way they used to. Sometimes, there’s an underlying shift in the core business that you may not be aware o ...