Yeti Holdings, Inc. ($YETI) Earnings (Q1 FY22)

 Yeti Holdings, inc. ($YETI) Earnings and Opinion:


Yeti is a company in the Consumer Cyclical sector and operates in the Leisure industry. The company creates and distributes products for the outdoor and recreation market. Yeti was founded in 2006 and is currently headquartered in Austin, Texas. The company was first traded on the stock market in 2018.

Yeti EPS and Revenue (Q1 FY22):

  • EPS of $0.33 beating expectations of $0.32
  • Revenue of $293.63M beating expectations of $290.47M
Yeti Q1 Highlights:
  • Revenue increased by 19% Y/Y
  • Gross Profit increased by 7% Y/Y
  • Net income decreased by 16% Y/Y
  • Operating income decreased by 17% Y/Y
Opinion:
Yeti reported earnings yesterday after the market closed. The stock showed little to no movement and is up a little bit today. The company showed an earnings beat in both categories which was a huge win for the company and hopefully a start for the stock to start heading in the right direction again. Yeti has become a popular name brand in the outdoor sector and is known for their coolers and other accessories. They have been able to fondly grow their brand and become such more valuable because of the "Yeti" name. Heavy competition has come into the cooler market though and Yeti is probably on the more expensive side of it. That is one thing I am currently worried about, but they seem to have a strong brand and reputation on that item that it will still reach attainable sales goals. They have diversified their business and now distribute so many other items and that has led to revenues growing at solid rates. The outlook shows a growth of 18-20% for the fiscal year, which if they can attain, will be a huge win. The company has faced some tough supply chain issues, which is the main reason the stock is down 54% in the past 6 months. Yeti soared in their first couple of years, but is facing their first major economical issues, but it seems they are handling it well and that leadership is putting the company in the right direction. I personally haven't looked a bunch into this stock, but I think I may buy in here. The stock has plenty of upside here and once the supply chain issues resolve, this stock has endless potential. I like the growth and the current valuations the company sits at. The uncertainty in the market keeps moving it lower, but I wouldn't try to time this one. Buy in as soon as you can and let it ride. This is a good long-term play that will return you some gains.

*Information from Yeti, Google, Yahoo Finance, CMLVIZ

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