Yeti Holdings ( (YETI) ) has released its Q4 earnings. Here is a breakdown of the information Yeti Holdings presented to its investors.
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YETI Holdings, headquartered in Austin, Texas, is a global designer and retailer specializing in innovative outdoor products, including coolers, drinkware, bags, and apparel. The company is renowned for its high-performance, durable products catering to both outdoor enthusiasts and everyday consumers.
In its latest earnings report, YETI announced a 5% increase in fourth-quarter net sales and a 10% increase for the full fiscal year 2024. The company also noted an increase in adjusted net sales by 7% for the quarter and 9% for the year. Despite a 30% decrease in fourth-quarter EPS, the adjusted EPS saw an 11% increase. Furthermore, YETI has expanded its share repurchase program by $350 million.
Key financial highlights include a 7% growth in direct-to-consumer channel sales and a significant increase of 27% in international net sales during the fourth quarter. The company also reported a 9% rise in Coolers & Equipment sales and a 3% increase in Drinkware sales. YETI’s adjusted operating income grew by 8% for the quarter and 18% for the full year, reflecting strong operational performance and strategic capital allocation.
Looking ahead, YETI’s management remains optimistic about future growth, expecting adjusted sales to increase between 5% and 7% in fiscal year 2025. The company plans to focus on expanding its brand globally, continuing product innovation, and enhancing shareholder value through strategic investments and share repurchases.
