Every material Form 8-K Yeti filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
YETI Holdings entered an accelerated share repurchase agreement with Goldman Sachs & Co. LLC on November 12, 2024, to buy back $100 million of its common stock using existing cash on hand. The company expects to receive initial delivery of about 1.9 million shares on November 14, 2024, with the final share count set by the stock's volume-weighted average price over the agreement's term, less a discount.
Company pays $100 million to Goldman Sachs on November 14, 2024
Initial delivery of approximately 1.9 million shares expected the same day
Final settlement scheduled for the first quarter of 2025, subject to adjustments and early termination limits
YETI reported fiscal third-quarter 2024 results for the period ended September 28, 2024. Net sales rose 10% to $478.4 million, GAAP diluted EPS rose 35% to $0.66, and adjusted EPS rose 18% to $0.71. The company narrowed its fiscal 2024 adjusted EPS outlook to approximately $2.65, the high end of its prior $2.61 to $2.65 range.
Q3 net sales rose 10% to $478.4 million; Direct-to-consumer sales rose 8% to $280.8 million and wholesale rose 14% to $197.6 million.
Diluted EPS rose 35% to $0.66 (GAAP) and adjusted EPS rose 18% to $0.71 for the quarter.
Fiscal 2024 adjusted EPS outlook is approximately $2.65, versus a previous range of $2.61 to $2.65; adjusted sales growth outlook is approximately 9%.
Capital expenditures outlook was set at approximately $50 million, versus a previous range of $50 million to $60 million.
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.
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.
At its May 7, 2024 annual meeting, YETI stockholders approved the 2024 Equity and Incentive Compensation Plan, which allows up to 3,500,000 shares of common stock to be granted, and elected Alison Dean and Robert Katz as Class III directors for terms ending at the 2027 annual meeting. Stockholders also approved the company's named executive officer pay in an advisory vote and ratified PricewaterhouseCoopers LLP as the independent auditor for fiscal 2024.
Equity plan: up to 3,500,000 shares authorized; 74,702,470 votes for and 2,129,640 against
Directors: Alison Dean received 40,906,504 votes for and 35,974,600 withheld; Robert Katz received 59,759,631 for and 17,121,473 withheld
Advisory say-on-pay vote: 73,168,944 for and 3,662,784 against
Auditor: PricewaterhouseCoopers LLP ratified for fiscal year ending December 28, 2024 (78,323,649 for and 2,018,722 against)
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.
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.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Yeti filing is on SEC EDGAR ↗. 8-K briefs of other companies →