YETI Holdings reported strong third-quarter results with adjusted net sales reaching $517,935, up from $487,766 in the prior-year period. The company achieved an adjusted diluted EPS of $0.91, significantly higher than the $0.61 reported in the same quarter last year, while expanding its adjusted operating margin to 17.4%.
Bullish
🤖 70%
Q3 results show net sales up 4.4% to $509,417 and adjusted diluted EPS of $0.91 versus $0.61 a year earlier, with adjusted operating margin expanding to 17.4% from 13.7%. Wholesale grew strongly to $237,260 from $199,047 and Drinkware rose to $284,028. Offsetting factors are a $21,459 product recall charge, a 9.9% direct-to-consumer sales decline (excluding recall) to $280,675, inventory up 21.9% to $394,211, and cash down to $73,820.
Catalysts
- ▲ Adjusted net income per diluted share of $0.91 vs $0.61 in the prior-year quarter
- ▲ Adjusted net sales of $517,935 vs $487,766 (+6.2%)
Risk Factors
- ▼ $21,459 product recall charge in the nine months, including $8,518 in the quarter
- ▼ Direct-to-consumer sales fell to $280,675 from $288,719 (adjusted)