YETI(US:YETI) ZACKSยท2024-11-07 15:36Core Insights - Yeti reported $478.44 million in revenue for Q3 2024, a 10.4% year-over-year increase, with an EPS of $0.71 compared to $0.60 a year ago [1] - The revenue exceeded the Zacks Consensus Estimate of $473.48 million, resulting in a surprise of +1.05%, while the EPS also surpassed expectations by +5.97% [1] Revenue Performance - U.S. revenues reached $390.18 million, exceeding the average estimate of $384.28 million, marking a +6.7% year-over-year change [3] - International revenues were reported at $88.26 million, slightly below the estimated $88.40 million, but reflecting a significant +30.1% increase from the previous year [3] Sales by Channel - Direct-to-consumer sales amounted to $280.81 million, surpassing the average estimate of $279.33 million, with an 8.2% year-over-year growth [3] - Wholesale sales were reported at $197.63 million, exceeding the average estimate of $193.22 million, representing a +13.5% year-over-year increase [3] Sales by Category - Other category sales reached $10.86 million, above the average estimate of $9.89 million, showing a +24.3% year-over-year change [3] - Drinkware sales were $274.98 million, slightly above the average estimate of $272.61 million, with an 8.6% year-over-year increase [3] - Coolers & Equipment sales were reported at $192.60 million, exceeding the average estimate of $191.98 million, reflecting a +12.3% year-over-year change [3] Stock Performance - Yeti's shares have declined by -13.3% over the past month, contrasting with the Zacks S&P 500 composite's +3.2% change [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [4]