Q2 2023 Financial Results - Adjusted net sales reached $427 million, reflecting a 2% year-over-year growth[37] - Coolers & Equipment adjusted net sales were $181 million, a decrease of 6%[37] - Drinkware adjusted net sales were $233 million, an increase of 8%[37] - Adjusted gross profit increased to $234 million with a margin of 54.9%[118] - Adjusted operating income was $67 million, representing a 15.7% operating margin[37] - Adjusted income per diluted share was $0.57[37] International Expansion - International adjusted net sales grew 19% year-over-year during Q2 2023, accounting for 13% of total adjusted net sales[13] Full Year 2023 Outlook - Adjusted net sales are projected to be between $1.699 billion and $1.715 billion, indicating a 4% to 5% year-over-year increase[131] - Adjusted gross margin is expected to be in the range of 55.5% to 56.0%[131] - Adjusted operating margin is anticipated to be between 15.5% and 16.0%[131]
YETI(YETI) - 2023 Q2 - Earnings Call Presentation