YETI (YETI) reported earnings on Thur 1 Aug 2019 (b/o)

** charts after earnings **

 

YETI Holdings beats by $0.03, beats on revs; raises FY19 EPS above consensus, revs above consensus

Reports Q2 (Jun) earnings of $0.33 per share, $0.03 better than the S&P Capital IQ Consensus of $0.30; revenues rose 12.3% year/year to $231.7 mln vs the $226.22 mln S&P Capital IQ Consensus.

Direct-to-consumer channel net sales increased 36% to $144.2 mln, compared to $105.8 mln in the prior year period, led by strong performance in both primary product categories.

Wholesale channel net sales increased 3% to $242.8 mln, compared to $235.8 mln in the same period last year, primarily driven by Coolers & Equipment.

Drinkware net sales increased 18% to $207.9 mln, compared to $176.7 mln in the prior year period, primarily driven by the continued expansion of the company's Drinkware product offerings, including the introduction of new colorways, sizes, and accessories and strong demand for customization.

Co issues raises guidance for FY19, sees EPS of $1.07-$1.09 vs. prior outlook of $1.02-$1.06 and above the $1.05 S&P Capital IQ Consensus; sees FY19 rev growth of 13.5-14% equating to $883.9-$887.8 mln vs. prior outlook for growth of 11.5-13% and vs. the $880.95 mln S&P Capital IQ Consensus.

IPOs this week : April 22 - 26, 19

Expected IPO pricings: No new pricings are on the calendar for next week after a sizzling week for new offerings. In case you missed it, Pinterest (NYSE:PINS) jumped 28% on its first day of trading, while Zoom Video Communications (NASDAQ:ZM) topped that performance with a 72% rip.

IPO lockup expirations:

• Yeti (NYSE:YETI), StoneCo (NASDAQ:STNE) and Pintec Technology (NASDAQ:PT) see lockups expire on April 23. Yeti is the one that might see some insider selling with shares up 119% YTD.

IPO quiet period expirations:

• Genfit (NASDAQ:GNFT) and Precision BioSciences (NASDAQ:DTIL) on April 22; 
• Lyft (NASDAQ:LYFT) on April 23.

YETI Holding (YETI) reported earnings on Thur 29 Nov 2018 (b/o)

** chart before earnings **

** chart after earnings **

YETI Holdings beats by $0.03, reports revs in-line; guides FY18 EPS above consensus

• Reports Q3 (Sep) earnings of $0.24 per share, $0.03 better than the S&P Capital IQ Consensus of $0.21; revenues rose 7.2% year/year to $196.1 mln vs the $195.16 mln S&P Capital IQ Consensus.
• Co issues upside guidance for FY18, sees EPS of $0.79-0.82 vs. $0.76 S&P Capital IQ Consensus.
  • Net sales to increase between 19% and 20% compared to Fiscal 2017 with higher sales growth in the DTC channel relative to the wholesale channel

YETI Holdings (YETI) began trading on the NYSE on Thur 25 October 2018

YETI Holdings (NYSE) priced downsized 16 mln share IPO (from 20 mln shares) at $18.00, below the expected $19.00-21.00 range