Overview

* Yeti Q2 sales fell 4%, missing analyst expectations, per LSEG data

* Adjusted EPS rose 6%, beating analyst expectations, per LSEG data

* Co targets $200 mln in share repurchases for 2025

Outlook

* YETI raises 2025 EPS outlook to $2.34-$2.48

* Company expects flat to 2% adjusted sales growth for 2025

* YETI plans $200 mln in share repurchases for 2025

* Company forecasts 2025 free cash flow between $150 mln and $200 mln

Result Drivers

* PROMOTIONAL MARKET - Net sales decreased 4% due to a more promotional drinkware market environment and cautious consumer behavior

* SUPPLY CHAIN TRANSITION - Inventory constraints driven by supply chain transition impacted sales

* INTERNATIONAL GROWTH - Strong international sales growth in Europe and Japan contrasted with U.S. sales decline

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Sales Miss $445.90 $461.70

mln mln (15

Analysts

)

Q2 Beat $0.66 $0.55

Adjusted (16

EPS Analysts

)

Q2 Beat $55.20 $47.30

Adjusted mln mln (14

Net Analysts

Income )

Q2 Net $51.20

Income mln

Q2 Beat $73.20 $62.90

Adjusted mln mln (13

Operatin Analysts

g Income )

Q2 $62 mln

Operatin

g Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 11 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the recreational products peer group is "buy"

* Wall Street's median 12-month price target for Yeti Holdings Inc ( YETI ) is $34.00, about 7.1% below its August 6 closing price of $36.43

* The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)