YETI Holdings' Q4 Earnings on Horizon: What's in the Offing?

Core Viewpoint - YETI Holdings, Inc. is set to report its fourth-quarter fiscal 2024 results on February 13, with expectations of earnings growth and revenue improvement compared to the previous year [1][2]. Group 1: Earnings and Revenue Estimates - The Zacks Consensus Estimate for fiscal fourth-quarter earnings is 93 cents per share, reflecting a growth of 3.3% from 90 cents in the same quarter last year [2]. - The consensus revenue estimate is $554.1 million, indicating a year-over-year improvement of 6.6% [2]. Group 2: Product and Market Expansion - YETI's fourth-quarter results are anticipated to benefit from the expansion of its drinkware and cooler product lines, including new launches such as pitchers, flasks, shot glasses, and cooler accessories, which likely performed well during the holiday season [3]. - The company's international business is experiencing growth, particularly in Europe and Australia, driven by increased brand awareness and an expanding retail presence [4]. Group 3: Sales Channel Performance - The revenue estimates for various sales channels are as follows: Direct-to-Consumer (DTC) at$ 368 million (up 6.7%), wholesale at $188 million (up 7.4%), drinkware at$ 363 million (up 4.9%), and coolers & equipment at $183 million (up 10.9%) [5]. - While gross margins are expected to remain flat due to freight surcharges and mix shifts, YETI benefits from lower inbound freight costs and product cost optimizations [5]. Group 4: Earnings Prediction Model - The current model does not predict an earnings beat for YETI Holdings, as it has an Earnings ESP of 0.00% and a Zacks Rank of 3 (Hold) [6].