Yeti reports Q3 adjusted EPS 61c, consensus 58c

Reports Q3 revenue $487.8M, consensus $480.27M. CEO Matt Reintjes commented, “Our Q3 results continue to show the strength of YETI (YETI) and the positive momentum of our long-term growth strategy…As we look beyond 2025, continued execution against these three pillars sets YETI on the path to a long-term topline growth range of high-single-digits to low-double-digits. A core component of our forward growth is the compounding effect of our innovation engine, which will deliver more new products in 2025 than ever before even amid significant supply chain disruption. This innovation is the result of continued investment in direct product development, plus the incremental capabilities and designs from our recent product-focused acquisitions in bags, cookware, and the soon-to-be-released shaker bottle…In Q3, even as we navigated a highly disruptive macroeconomic backdrop and a material transformation in our supply chain, we saw outstanding momentum domestically, highlighted by strong end-consumer demand overall and very robust US wholesale sell-through in our tracked channels in both Drinkware and Coolers & Equipment…Complementing our brand strength and innovation momentum, our global footprint continues to strengthen in the UK and Europe, and across our expanding partnerships in the rest of the world.”