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YETI Holdings, Inc. (Symbol: YETI) is a renowned designer, marketer, and distributor of premium outdoor and recreation products. With a focus on creating high-quality gear for outdoor enthusiasts, YETI's product line includes coolers, drinkware, and various accessories, all sold under the highly recognized YETI brand.
Founded on the belief that time spent outdoors is invaluable, YETI strives to make that time extraordinary with its durable, innovative products. Some of its standout products include the YETI Tundra, Hopper, YETI TANK, Rambler, and Colster series. These products are distributed through a mix of wholesale and direct-to-consumer (DTC) channels, ensuring broad accessibility and customer reach.
YETI has achieved significant milestones, continuously innovating to meet the evolving needs of outdoor enthusiasts. The company's commitment to quality and durability has earned it a loyal customer base. Whether through partnerships, cutting-edge product launches, or sustainable business practices, YETI maintains a strong market presence and a reputation for excellence.
Financially, YETI Holdings, Inc. maintains a solid position, thanks to its diverse product offerings and strategic distribution channels. The company continues to focus on sustainable growth and making a meaningful impact on the outdoor gear industry.
In recent developments, YETI has been active in launching new products and expanding its market reach. For the latest updates and news on YETI Holdings, Inc., stay tuned to our news section.
YETI Holdings reported strong Q3 2024 results with net sales increasing 10% to $478.4 million. Key highlights include: Drinkware sales up 9% to $275.0 million, Coolers & Equipment sales up 12% to $192.6 million, and international sales growth of 30%. The company maintained a gross margin of 58.0% and saw EPS increase 35% to $0.66. Direct-to-consumer sales grew 8% while wholesale channel sales rose 14%. YETI has updated its 2024 outlook, expecting adjusted sales to increase approximately 9% with adjusted EPS of $2.65.
YETI Holdings, Inc. (NYSE: YETI) has announced its plans to report third quarter fiscal year 2024 financial results on Thursday, November 7, 2024, before the market opens. The company will host a conference call at 8:00 a.m. ET to discuss these results. Investors and analysts can participate by dialing 800-717-1738 (international: 646-307-1865) about 10 minutes before the call starts.
A live webcast will be available on YETI's investor relations website. A recorded replay of the call will be accessible until November 21, 2024, by dialing 844-512-2921 (international: 412-317-6671) with access code 1171353. The webcast replay will remain on the website for 90 days.
Windmill, a leading brand in modern air care, has launched its latest innovation: The Windmill Air Purifier. This sleek, high-performance air purifier combines cutting-edge technology with contemporary design, aiming to elevate the rapidly-growing air purifier category. Alongside this product launch, Windmill has secured $5 million in Series A financing from investors including YETI Capital, Pentland Ventures, and others.
The Windmill Air Purifier features advanced capabilities such as a laser-based air quality sensor, automatic Eco Mode, dual Sleep Modes, and an intuitive app for remote control. Available in White, Navy, and Bamboo, the purifier is Energy Star rated and priced starting at $299. This launch aligns with Windmill's mission to revolutionize home air care, following the success of their window AC units which have sold over 100,000 units nationwide.
Looma, a leading in-store digital media provider, has secured $10 million in fresh funding from family offices, YETI Capital, and current investors. The company plans to use the funds to expand its platform and extend its product offering. Looma aims to grow its install base from 800 screens in 2023 to over 5,000 screens by the end of 2024.
The expanded platform will feature three screen types: high-value space screens, in-aisle interactives, and atmospheric screens. Looma is currently deployed in 675 stores across the East Coast, Midwest, and Texas, including retailers such as H-E-B, Harris Teeter, and Lowes Foods. In connection with the funding round, Margot Fooshee, former marketing executive from J.Crew and Beautycounter, has joined Looma's board of directors.
YETI Holdings reported strong Q2 2024 results, with net sales increasing 15% to $463.5 million and adjusted net sales up 9%. The company saw growth across all segments, with notable performance in Coolers & Equipment (31% increase) and international sales (35% increase). Gross margin expanded 360 basis points to 57.0%, while EPS increased 34% to $0.59. YETI raised its full-year 2024 outlook, now expecting adjusted sales growth between 8% and 10%, and adjusted EPS between $2.61 and $2.65. The company's strong performance was attributed to product innovation, brand engagement, and expansion in both domestic and international markets.
YETI Holdings, Inc. (NYSE: YETI) has announced its plans to report second quarter fiscal year 2024 financial results on Thursday, August 8, 2024, before the market opens. The company will host a conference call at 8:00 a.m. ET to discuss the results. Investors and analysts can participate by dialing 800-717-1738 (international: 646-307-1865) about 10 minutes before the call starts.
A live webcast will be available on YETI's investor relations website. A recorded replay of the call will be accessible until August 22, 2024, by dialing 844-512-2921 (international: 412-317-6671) with access code 1160266. The webcast replay will remain on the website for 90 days.
YETI Holdings, Inc. reported strong first-quarter 2024 results, with a 13% increase in net sales and a 50% increase in EPS. Gross margin expanded by 360 basis points, and operating margin expanded by 260 basis points. The company entered into a $100 million accelerated share repurchase agreement, showing confidence in future growth. YETI continues to see growth in both wholesale and direct-to-consumer channels, with international sales reaching a record high. The company maintains its full-year 2024 sales outlook and raises EPS outlook, expecting adjusted sales to increase between 7% and 9%.
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