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AI brief of an SEC Form 8-K · Yeti (YETI)

YETI sales rise 13% to $341.4 million in Q1; full-year EPS outlook raised

Positive Impact 4 of 5 earnings Written later

YETI reported first-quarter 2024 net sales up 13% to $341.4 million, with GAAP diluted EPS up 50% to $0.18 and adjusted EPS up 89% to $0.34. The company kept its full-year sales outlook and raised its adjusted EPS outlook to $2.49 to $2.62 from $2.45 to $2.50, citing gross margin gains and a $100 million accelerated share repurchase.

Key points

  • Net sales rose 13% to $341.4 million; International sales rose 32% and U.S. sales rose 9%.
  • GAAP net income rose 50% to $15.9 million; adjusted net income rose 89% to $29.3 million.
  • Fiscal 2024 adjusted net income per diluted share outlook raised to $2.49 to $2.62 from $2.45 to $2.50; adjusted sales outlook of 7% to 9% growth unchanged.
  • Completed a $100 million accelerated share repurchase with Goldman Sachs; $200 million remained under the program as of March 30, 2024.

The filing

CompanyYeti (YETI)
Form8-K, current report
Filed with the SECMay 9, 2024, 6:08 AM ET
Accession number0001670592-24-000019

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 09, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.