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Yeti Stock Plunges Amid Mixed Earnings Report and Consumer Caution
Yeti Stock Plunges Amid Mixed Earnings Report and Consumer Caution
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BTCCSquare news:
Yeti Holdings saw its shares tumble 10.4% after reporting mixed second-quarter results. While the company surpassed earnings expectations with an adjusted profit of $0.66 per share, revenue fell short at $445.9 million against a forecast of $462.8 million. Year-over-year sales declined 4%, attributed to consumer hesitancy and retail partner caution, which triggered competitive discounting.
GAAP earnings edged up 3% to $0.61 per share, but adjusted profits dropped 6%. Management emphasized "robust" free cash FLOW prospects despite a $39 million outflow in the first half—a marked improvement from 2024's $69.3 million burn. Guidance projects a rebound to $150-$200 million in positive free cash flow by year-end.
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