YETI HOLDINGS Releases First Quarter FY2023 Earnings Results for Period Ending March 31, 2023.
May 31, 2023
🌥️Earnings Overview
On May 11 2023, YETI HOLDINGS ($BER:1YN) released their financial results for the first quarter of FY2023, which ended on March 31 2023. Total revenue had risen to USD 302.8 million, representing a 3.1% increase year-on-year; yet reported net income was USD 10.6 million, a decrease of 58.8% compared to the same period in the previous year.
Share Price
On Thursday, YETI HOLDINGS released their first quarter FY2023 earnings results for the period ending March 31, 2023. In response to the results, YETI HOLDINGS stock opened at €39.4 and closed at €39.8, up by 1.0% from their previous closing price of 39.4. YETI HOLDINGS’s CEO commented on the strong performance stating that it was “a great start to our fiscal year and a testament to the hard work and dedication of our team”. He further went on to say that “we are confident in our ability to continue delivering strong growth and value for our shareholders throughout the rest of the year”.
Overall, YETI HOLDINGS’s first quarter FY2023 earnings results show a strong performance, which is reflected in their stock price. Investors should look forward to further positive developments from YETI HOLDINGS in the months to come. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Yeti Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 1.6k | 74.6 | 4.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Yeti Holdings. More…
| Operations | Investing | Financing |
| 142.76 | -54.05 | -22.39 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Yeti Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.01k | 463.95 | 6.26 |
Key Ratios Snapshot
Some of the financial key ratios for Yeti Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 19.8% | 3.6% | 6.3% |
| FCF Margin | ROE | ROA |
| 5.5% | 11.9% | 6.3% |
Analysis
At GoodWhale, we have conducted a thorough analysis of YETI HOLDINGS‘s financials, and our Risk Rating has determined that it is a medium risk investment. We have identified two risk warnings in the income sheet and balance sheet, and urge potential investors to register with us to gain further insight into these risks. In addition, our analysis has revealed that YETI HOLDINGS has a track record of consistent revenue growth, a sound financial position, and a strong liquidity position. More…
Summary
YETI HOLDINGS reported their earnings results for the first quarter of FY2023, showing total revenue of USD 302.8 million, up 3.1% from the previous year. Net income, however, was USD 10.6 million, a 58.8% decrease compared to the previous year. Investors should note that despite the overall increase in revenue, YETI’s net income was significantly lower, indicating lower profit margins and potentially less profitability going forward. Investors should pay close attention to YETI’s future financial performance to assess if the company can return to prior levels of profitability.
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