NYSE$YETI
YETI Holdings Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
YETI's third quarter results reflected robust demand, delivering net sales growth and strong profitability amidst inflationary pressures.
YETI reported a 23% increase in net sales to $362.6 million, driven by strong performance in both DTC and wholesale channels. EPS increased to $0.60, with adjusted EPS rising to $0.64. The company raised its 2021 outlook, reflecting confidence in continued momentum.
- Net sales increased by 23% to $362.6 million compared to the same period last year.
- Direct-to-consumer (DTC) channel net sales increased 31% to $197.1 million.
- Drinkware net sales increased 24% to $205.0 million, driven by product expansion and customization demand.
- Coolers & Equipment net sales increased 20% to $149.0 million, driven by strong performance in bags and outdoor living products.
Headline financials
Revenue & EPS history
YETI · Revenue · Quarterly
$363M
Revenue by segment
YETI · $717M total across 4 segments · Q3 2021
- Drinkware$205M+23.6%28.6%
- Direct-to-consumer$197M+31.1%27.5%
- Wholesale$166M+14.8%23.1%
- Coolers & Equipment$149M+20.0%20.8%
Forward guidance
YETI updated its 2021 outlook, expecting net sales to increase between 28% and 29%. Operating income as a percentage of net sales is expected to be approximately 19.5%, and adjusted operating income as a percentage of net sales is expected to be approximately 20.8%. Net income per diluted share is now expected to be between $2.35 and $2.37, and adjusted net income per diluted share is expected to be between $2.51 and $2.53.
Tailwinds
- Net sales are now expected to increase between 28% and 29%.
- Operating income as a percentage of net sales is expected to be approximately 19.5%.
- Adjusted operating income as a percentage of net sales is expected to be approximately 20.8%.
- The effective tax rate is now expected to be approximately 22%.
- Adjusted net income per diluted share is now expected to be between $2.51 and $2.53.
Headwinds
- Uncertainty regarding global economic conditions.
- Impact of the COVID-19 pandemic on global economic conditions.
- Fluctuations in the cost and availability of raw materials.
- Potential manufacturing delays or increased costs.
- Impact of indebtedness on the ability to invest in the ongoing needs of the business.
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 2021
+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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