YETI Holdings, Inc. - YETI STOCK NEWS

YETI Holdings, Inc. reported a 23% increase in net sales for Q3 2021, reaching $362.6 million, driven by robust demand across its product lines. Direct-to-consumer sales surged 31%, while wholesale sales grew 15%. Despite inflationary pressures, net income rose 3% to $53.0 million and adjusted EPS improved to $0.64. The company raised its fiscal 2021 outlook, projecting net sales growth between 28% and 29%. However, SG&A expenses saw a 33% increase due to higher marketing costs.

YETI Holdings, Inc. (NYSE: YETI) announced it will report its third quarter fiscal year 2021 financial results on Thursday, November 11, 2021, before the market opens. A conference call will be held at 8:00 a.m. ET to discuss the results, with participation details provided for investors and analysts. The call will be accessible via a live webcast on YETI's investor relations website. A recorded replay will also be available post-call until November 25, 2021.

YETI reported a strong financial performance for Q2 2021, with net sales up 45% to $357.7 million, driven by robust direct-to-consumer (DTC) sales, which accounted for 55% of total net sales. Earnings per share increased by 66% to $0.63. Gross profit rose 52% to $209.1 million, with a gross margin increase of 280 basis points. The company raised its full-year outlook, anticipating net sales growth of 26% to 28%. Cash and cash equivalents reached $233.8 million, outpacing total debt of $123.8 million.

YETI Holdings, Inc. (NYSE: YETI) announced it will report its Q2 fiscal year 2021 financial results on August 5, 2021, prior to market opening. A conference call will follow at 8:00 a.m. ET, where investors and analysts can dial in to discuss the results. Interested participants should join approximately 10 minutes early and reference Conference ID 10015594. A live webcast of the call will also be available on YETI's investor relations website.

YETI Holdings reported strong Q1 2021 results, with net sales increasing by 42% year-over-year to $247.6 million. The direct-to-consumer channel saw a 59% growth, now comprising 51% of net sales. Gross profit rose 57% to $145.2 million, driven by favorable product mix and lower costs. Operating income surged 148% to $40.0 million. YETI raised its full-year net sales outlook to 20%-22% growth. Cash increased to $190.3 million while total debt reduced to $129.4 million. Adjusted net income per diluted share is projected between $2.28 and $2.32.

YETI Holdings, Inc. (NYSE: YETI) will report its first quarter fiscal year 2021 financial results on May 13, 2021, before the market opens. A conference call will be hosted at 8:00 a.m. ET to discuss these results. Interested investors can join by dialing 877-451-6152 or through a live webcast on YETI's investor relations page. A replay of the call will be available shortly after it concludes until May 27, 2021. YETI is known for its innovative outdoor products, appealing to outdoor enthusiasts and casual users alike.

On March 18, 2021, YETI announced a multiyear partnership with Perfect Game, becoming the Official National Cooler and Drinkware partner. This collaboration aims to enhance youth baseball and softball experiences, particularly through the East Cobb Baseball and Softball Complex in Marietta, GA. YETI will introduce co-branded drinkware, starting with Rambler® Bottles. Both companies share a commitment to serving their communities, and this partnership is designed to keep youth hydrated while participating in sports.

YETI Holdings, Inc. (NYSE: YETI) will have its executive management team present at the BofA Securities 2021 Consumer & Retail Technology Conference on March 9, 2021, at 9:30 AM ET. A live webcast of this presentation will be accessible for interested stakeholders. Based in Austin, Texas, YETI specializes in the design, retail, and distribution of high-quality outdoor products, including coolers, drinkware, and bags, catering to outdoor enthusiasts and consumers who appreciate exceptional product performance.

YETI Coolers has launched its new Crossroads Collection, featuring durable bags made from Tuffskin™ Nylon. This collection includes three backpacks, two duffels, and two soft-sided luggage options, available exclusively on yeti.com. Additionally, the Panga® 22 Carry On, YETI's first hard-sided luggage, is set to be released this spring. Each product emphasizes durability and organization, designed to meet the needs of active consumers.