NYSE$YETI
YETI Holdings Inc · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
YETI's Q3 2020 results showed strong growth, with net sales increasing by 29% and operating margin expanding by 900 basis points.
YETI reported a strong third quarter with a 29% increase in net sales, driven by growth in both DTC and wholesale channels. The company also saw significant improvements in gross margin and operating margin, leading to a substantial increase in net income.
- Net sales increased by 29% to $294.6 million.
- Direct-to-consumer (DTC) net sales increased by 62% to $150.4 million.
- Gross margin increased by 670 basis points to 59.1%.
- Net income increased by 142% to $51.4 million, with EPS increasing by 137% to $0.58.
Headline financials
Revenue & EPS history
YETI · Revenue · Quarterly
$295M
Revenue by segment
YETI · $585M total across 4 segments · Q3 2020
- Drinkware$166M—28.4%
- Direct-to-consumer$150M—25.7%
- Wholesale$144M—24.7%
- Coolers & Equipment$124M—21.2%
Forward guidance
YETI expects net sales to increase between 15% and 16% for the fourth quarter of Fiscal 2020. Net income per diluted share is expected to be between $0.55 and $0.58, and adjusted net income per diluted share is expected to be between $0.57 and $0.60.
Tailwinds
- Strong demand expected to continue.
- Includes the impact of the 53rd week in Fiscal 2020.
- Net income per diluted share is expected to be between $0.55 and $0.58.
- Adjusted net income per diluted share is expected to be between $0.57 and $0.60.
- Reflecting 31% to 38% growth compared to the fourth quarter of Fiscal 2019.
Headwinds
- Uncertainty of the duration and severity of the COVID-19 pandemic.
- Limited outlook provided due to COVID-19 uncertainty.
- Inventory constraints may impact sales.
- Dependence on consumer spending and economic conditions.
- Potential for fluctuations in raw material costs and availability.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q3 2020
+0.5%
Avg return
Earnings day
+1.6%
Avg return
5 days after
+2.2%
Avg return
30 days after
39%
14 / 36 earnings
Positive
+44.7%
Q3 2022
Best reaction
-18.8%
Q4 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.8% | +9.2% | +31.5% | |
| Q4 2025 | -4.6% | -8.1% | -28.2% | |
| Q3 2025 | +5.3% | +15.2% | +29.9% | |
| Q1 2025 | +6.0% | +13.4% | +13.0% | |
| Q4 2024 | -0.9% | +1.4% | -15.1% | |
| Q3 2024 | +7.0% | +14.5% | +17.5% | |
| Q2 2024 | +10.7% | +12.6% | +0.8% | |
| Q1 2024 | +14.0% | +20.4% | +23.6% | |
| Q4 2023 | -18.8% | -20.0% | -23.1% | |
| Q3 2023 | +4.1% | +10.6% | +16.6% | |
| Q2 2023 | +13.5% | +15.6% | +19.5% | |
| Q1 2023 | -5.2% | -5.6% | -16.7% | |
| Q4 2022 | -3.5% | -1.9% | -1.6% | |
| Q3 2022 | +44.7% | +45.7% | +47.2% | |
| Q2 2022 | -17.3% | -21.4% | -34.3% | |
| Q1 2022 | +3.0% | +7.4% | +1.6% | |
| Q4 2021 | -8.0% | -10.3% | -5.0% | |
| Q3 2021 | -5.0% | +1.1% | -12.8% | |
| Q2 2021 | +1.6% | +2.2% | +0.8% | |
| Q1 2021 | +8.8% | +5.9% | +16.6% | |
| Q3 2020 | +14.3% | +8.2% | +22.2% | |
| Q2 2020 | -2.4% | -7.7% | -4.1% | |
| Q1 2020 | +6.7% | +0.3% | +31.4% | |
| Q4 2019 | -5.4% | -7.5% | -34.1% | |
| Q3 2019 | -5.2% | -8.2% | -8.3% | |
| Q2 2019 | -12.7% | -14.3% | -18.7% | |
| Q1 2018 | -8.9% | -7.9% | -22.2% | |
| Q1 2019 | -7.1% | -15.4% | -29.5% | |
| Q1 2017 | -1.9% | +2.5% | +11.1% | |
| Q2 2017 | -1.9% | +2.5% | +11.1% | |
| Q4 2016 | -1.9% | +2.5% | +11.1% | |
| Q2 2018 | -1.9% | +2.5% | +11.1% | |
| Q4 2018 | +22.4% | +28.0% | +59.6% | |
| Q4 2017 | -8.5% | -12.0% | -9.3% | |
| Q3 2017 | -8.5% | -12.0% | -9.3% | |
| Q3 2018 | -12.3% | -12.1% | -22.8% | |
| Q1 2016 | — | — | — | |
| Q1 2015 | — | — | — |
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