Fubotv earnings beat by $0.10, revenue topped estimates
NEW YORK - YETI Holdings , Inc. (NYSE:YETI) reported second quarter adjusted earnings that exceeded analyst expectations, despite falling short on revenue targets as the outdoor products maker navigates supply chain challenges.
YETI shares were unchanged in pre-market trading following the announcement.
The company posted adjusted earnings per share of $0.66, surpassing the analyst estimate of $0.54 by $0.12. However, revenue came in at $445.89 million, below the consensus estimate of $462.82 million.
Looking ahead, YETI raised its full-year 2025 earnings guidance to between $2.34 and $2.48 per share, well above the analyst consensus of $2.13. The company revised its sales outlook downward, now expecting adjusted sales to be flat to up 2%, compared to its previous forecast of 1% to 4% growth. This adjustment includes an approximately 300 basis point unfavorable impact from ongoing supply chain disruptions.
YETI also raised its adjusted operating income forecast as a percentage of sales to between 14.0% and 14.5%, up from its previous outlook of 12.0%. The company noted this outlook incorporates an approximate 220 basis point net impact from higher tariff costs compared to the prior year.
Additionally, YETI lowered its expected effective tax rate to approximately 25.5%, down from its previous guidance of 26.0% and higher than the 24.5% rate in the prior year period.
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