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NEW YORK - YETI Holdings , Inc. (NYSE:YETI) reported fourth quarter earnings that beat analyst expectations, sending shares up 0.74% in pre-market trading on Thursday.
The outdoor products company posted adjusted earnings per share of $1.00, surpassing the consensus estimate of $0.93. Revenue came in at $546.5 million, slightly below expectations of $552.31 million.
YETI’s adjusted net sales increased 7% year-over-year to $555.4 million in Q4, excluding impacts from product recall adjustments. The company saw strong performance in its Coolers & Equipment category, with adjusted sales rising 17% to $189 million.
"YETI’s full year 2024 was capped off by a strong fourth quarter that showcased the expanding YETI brand, growing product innovation, and impactful global expansion," said Matt Reintjes, President and CEO.
For fiscal year 2025, YETI forecasts adjusted earnings per share between $2.90 and $2.95, above the $2.89 analyst consensus. The company expects adjusted sales to grow 5-7%, factoring in a 1% foreign exchange headwind.
YETI also announced a $350 million increase to its share repurchase program authorization.
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