YETI Holdings Sees FY24 Adjusted Sales To Increase Between 8% And 10% (Versus Previous Outlook Of Between 7% And 9%); Projects Adjusted EPS Of $2.61-$2.65 Vs. $2.59 Estimate (Prior View: $2.49-$2.62)
Portfolio Pulse from Benzinga Newsdesk
YETI Holdings has updated its FY24 outlook, projecting adjusted sales to increase between 8% and 10%, up from the previous outlook of 7% to 9%. The company also projects adjusted EPS of $2.61-$2.65, compared to the prior view of $2.49-$2.62 and the $2.59 estimate.
August 08, 2024 | 10:10 am
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POSITIVE IMPACT
YETI Holdings has raised its FY24 adjusted sales growth outlook to 8%-10% and adjusted EPS to $2.61-$2.65, surpassing the previous estimates. This positive revision indicates strong performance and could boost investor confidence.
The upward revision in both sales growth and EPS indicates better-than-expected performance, which is likely to positively impact YETI's stock price in the short term. Investors typically respond favorably to improved financial outlooks.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100