(Adds Outlook)
For the full year, YETI Holdings, Inc. (YETI) has increased its earnings outlook.
It now expects adjusted earnings per share in the range of $2.49- $2.62, compared with its previous outlook of $2.45 - $2.50.
Sales for the quarter are still expected increase between 7 percent and 9 percent.
On average, 17 analysts polled by Thomson-Reuters expect the company to report earnings of $2.49 per share on revenue growth of 8.9%.
Q1 Results:
YETI Holdings released a profit for its first quarter that increased from the same period last year and beat the Street estimates.
The company's earnings totaled $15.86 million, or $0.18 per share. This compares with $10.56 million, or $0.12 per share, in last year's first quarter.
Excluding items, YETI Holdings, Inc. reported adjusted earnings of $29.32 million or $0.34 per share for the period.
Analysts on average had expected the company to earn $0.25 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 12.7% to $341.39 million from $302.80 million last year.
YETI Holdings, Inc. earnings at a glance (GAAP) :
-Earnings (Q1): $15.86 Mln. vs. $10.56 Mln. last year.-EPS (Q1): $0.18 vs. $0.12 last year.-Revenue (Q1): $341.39 Mln vs. $302.80 Mln last year.
For comments and feedback contact: editorial@rttnews.com
Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.