Yeti raises FY23 adjusted EPS view to $2.23-$2.32 from $2.12-$2.23

FY23 consensus $2.19. FY23 adjusted sales to increase between 4% and 5% (versus the previous outlook of between 3% and 5%) with adjusted sales growth weighted to the second half of the year. Expected adjusted sales are inclusive of an approximate 500 basis points unfavorable impact on our growth rate from the stop sale of the products affected by the recalls. Expected adjusted sales also include $12.5 million of sales from recall-related gift card redemptions in the second quarter of 2023. FY23 revenue consensus $1.69B.