YETI Expects 2024 Adjusted Sales To Increase 7%-9%, Adjusted EPS Of $2.45-$2.50 (Est $2.68)
Portfolio Pulse from Benzinga Newsdesk
YETI Holdings, Inc. forecasts a 7%-9% increase in adjusted sales for 2024, with an adjusted EPS range of $2.45-$2.50, which is below the estimated $2.68.
February 15, 2024 | 11:07 am
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YETI Holdings, Inc. anticipates a 7%-9% increase in adjusted sales for 2024, with an adjusted EPS of $2.45-$2.50, below the expected $2.68.
YETI's forecasted adjusted EPS for 2024 is below the market estimate, which could lead to negative investor sentiment and potentially decrease the stock price in the short term. The projected sales growth, although positive, may not be sufficient to offset the lower-than-expected earnings per share.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100