Yeti Lifts EPS Outlook on Strong Margins and Drinkware Strength
November 9, 2023
Yeti Holdings, Inc. raised its EPS guidance for the year after seeing margins in the second quarter top expectations, expanding over 600 basis points. Q2 Sales were flat as a 6 percent gain in drinkware sales offset a recall-related decline in cooler sales.
Adjusted EPS was 60 cents a share, topping analyst’s consensus expectations of 54 cents. Revenue of $433.6 million exceeded expectations of $425.17 million. SGB Media