YETI(US:YETI)2025-02-13 13:14Financial Performance - Adjusted net sales for fiscal year 2024 reached $1.839 billion[14], a 9% increase compared to the previous year[14] - Direct-to-consumer (DTC) sales grew by 9% year-over-year for fiscal year 2024[12] - International sales increased by 30% year-over-year for fiscal year 2024, representing 18% of adjusted net sales[12] - Adjusted operating income for fiscal year 2024 was $309.4 million, resulting in an operating margin of 16.8%[14] - Adjusted income per diluted share for fiscal year 2024 was $2.73[86] - The company projects adjusted net sales to increase by approximately 5% to 7% year-over-year in fiscal year 2025[97] - The company anticipates capital expenditures of approximately $60 to $70 million in fiscal year 2025[97] Strategic Priorities - The company launched 24 new products in 2024, expanding its legacy categories and entering new ones[11] - The company opened its 24th store in Garden State, NJ in Q4 2024[12] - The company's owner study highlighted a 95% peer-to-peer referral rate, indicating strong brand loyalty[11] Channel and Product Mix - In 2024, DTC accounted for 60% of sales, while wholesale made up 40%[44] - Drinkware constituted 60% of adjusted net sales, while coolers and equipment accounted for 38%[14]