YETI HOLDINGS Releases FY2023 Q1 Earnings Results for March 31, 2023
June 3, 2023
🌥️Earnings Overview
YETI HOLDINGS ($BER:1YN) reported total revenue of USD 302.8 million for their first quarter of fiscal 2023, which ended on March 31 2023. This was 3.1% higher than the same period in the previous year. However, net income decreased by 58.8%, amounting to USD 10.6 million on May 11 2023.
Share Price
YETI HOLDINGS released its first quarter financial results for the fiscal year 2023 on Thursday, revealing a promising start to the year. The company’s stock opened at €39.4 and closed at €39.8, up 1.0% from the previous day’s closing price of €39.4. This marked a positive movement for YETI HOLDINGS in the markets following the release of the financial results. The results showed that YETI HOLDINGS had begun to see improvements in revenue, net income, and operating cash flows. YETI HOLDINGS noted that it was able to reduce expenses compared to last year, which was a contributing factor to the improved financial results.
The company was able to control operating costs and capital expenditures to remain profitable despite declining sales due to the ongoing pandemic. Overall, YETI HOLDINGS had a successful first quarter in FY2023 and is optimistic about what the rest of the year will bring. Investors were pleased with the performance and the company’s stock price has continued to trend upwards since its release of the financial results. 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 conducted an analysis of the fundamentals for YETI HOLDINGS. Based on our Risk Rating, YETI HOLDINGS is considered to be a medium risk investment in terms of both financial and business aspects. When looking at the income sheet and balance sheet, we discovered two risk warnings that investors should be aware of. To access this information, users must become registered with GoodWhale. Our detailed report provides a comprehensive view of the company’s financials and underlying risks, allowing users to make informed decisions about their investments. More…
Summary
YETI HOLDINGS reported their financial results for the first quarter of FY2023, which ended March 31 2023. Total revenue for the quarter was USD 302.8 million, an increase of 3.1%. Although net income decreased 58.8% year over year to USD 10.6 million, the company maintained positive growth in revenue due to their investment in marketing and product innovation.
Analysts have highlighted YETI’s focus on the leisure and outdoor recreation market as a key driver of their growth. As the company expands into new product categories, investors have remained optimistic about YETI’s future prospects.
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