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

YETI raises 2024 outlook after second-quarter sales rise 15% to $463.5 million

Positive Impact 4 of 5 guidance Written later

YETI reported second-quarter 2024 net sales up 15% to $463.5 million, or 9% on an adjusted basis that excludes a 2023 recall reserve adjustment, and GAAP diluted EPS of $0.59, up from $0.44. The company raised its fiscal 2024 adjusted sales growth outlook to 8% to 10% and its adjusted EPS outlook to $2.61 to $2.65, which matters to shareholders because it signals higher expected profit for the year.

Key points

  • Net sales rose 15% to $463.5 million; adjusted net sales rose 9% after excluding the $24.5 million unfavorable recall reserve impact in the prior-year quarter.
  • GAAP diluted EPS was $0.59 versus $0.44; adjusted EPS was $0.70 versus $0.57.
  • Fiscal 2024 adjusted EPS outlook raised to $2.61 to $2.65, from $2.49 to $2.62 previously.
  • Cash was $212.9 million at June 29, 2024, and $200 million remained under the share repurchase program.

The filing

CompanyYeti (YETI)
Form8-K, current report
Filed with the SECAug 8, 2024, 6:08 AM ET
Accession number0001670592-24-000033

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 August 08, 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.