YETI(US:YETI) ZACKS·2024-08-08 14:35Core Insights - Yeti reported $463.5 million in revenue for Q2 2024, a 15.1% year-over-year increase, with an EPS of $0.70 compared to $0.57 a year ago, exceeding both revenue and EPS estimates [1] Revenue Performance - Geographic Revenues in the United States reached $386.89 million, surpassing the average estimate of $384.35 million, reflecting an 11.9% year-over-year increase [3] - International Geographic Revenues were $76.61 million, exceeding the estimated $74.29 million, marking a significant 35.2% year-over-year growth [4] Sales by Category - Net Sales for Coolers & Equipment amounted to $205.94 million, exceeding the estimated $193.63 million, with a year-over-year increase of 31.5% [5] - Net Sales for Drinkware were reported at $246.52 million, slightly below the estimated $252.21 million, but still showing a 5.6% year-over-year increase [6] - Net Sales for Other categories were $11.03 million, falling short of the estimated $13.82 million, representing a 12% decline year-over-year [7] Sales by Channel - Wholesale Net Sales reached $213.13 million, surpassing the estimated $205.99 million, with a year-over-year increase of 21% [8] - Direct-to-consumer Net Sales were $250.37 million, slightly below the estimated $252.14 million, but still reflecting a 10.6% year-over-year growth [9] Stock Performance - Yeti's shares have returned -1% over the past month, compared to a -6.5% change in the Zacks S&P 500 composite, with a Zacks Rank 2 (Buy), indicating potential outperformance in the near term [9]