Overview

* Yeti Q3 net sales grew 2%, driven by Coolers & Equipment, beating analyst expectations

* Adjusted EPS for Q3 beats analyst expectations despite a 14% decrease

* Company raises 2025 share repurchase target to $300 mln, indicating growth confidence

Outlook

* Yeti expects 2025 adjusted sales to increase 1% to 2%

* Yeti raises 2025 share repurchase target to $300 mln

* Yeti sees 2025 adjusted EPS between $2.38 and $2.49

Result Drivers

* INTERNATIONAL SALES - Co reports 14% increase in international sales, driven by growth in Europe, Australia, and new market entry in Japan

* COOLERS & EQUIPMENT - Segment sales rose 12%, driven by strong performance in soft coolers and bags

* TARIFF IMPACT - Higher tariff costs negatively impacted gross margin by 320 basis points

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Sales Beat $487.80 $480.27

mln mln (15

Analysts

)

Q3 Beat $0.61 $0.58

Adjusted (16

EPS Analysts

)

Q3 Beat $49.60 $47.79

Adjusted mln mln (14

Net Analysts

Income )

Q3 Beat $66.60 $64.68

Adjusted mln mln (14

Operatin Analysts

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 $35.00, about 4.6% above its November 5 closing price of $33.39

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

Press Release:

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(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.)