- Yeti press release ( NYSE: YETI ): Q3 Non-GAAP EPS of $0.63 beats by $0.04 .
- Revenue of $433.6M (+19.6% Y/Y) beats by $19.49M .
- FY Outlook:
- Sales are expected to increase approximately 16%;
- Operating income as a percentage of sales is expected to be approximately 16% and operating income is expected to decrease approximately 6%;
- Adjusted operating income as a percentage of sales is expected to be approximately 17% and adjusted operating income is expected to decrease approximately 6%;
- The effective tax rate is expected to be approximately 24.6% (compared to 20.8% in the prior year period);
- Adjusted net income per diluted share is expected to be approximately $2.36 vs consensus of $2.37, reflecting a 9% decrease;
- Diluted weighted average shares outstanding is expected to be 87.3 million; and
- Capital expenditures are now expected to be approximately $50 million (versus the previous outlook of approximately $60 million) primarily to support investments in technology and new product innovation and launches.
- Shares -3.49% PM.
For further details see:
Yeti Non-GAAP EPS of $0.63 beats by $0.04, revenue of $433.6M beats by $19.49M