- Yeti press release (NYSE:YETI): Q2 Non-GAAP EPS of $0.63 misses by $0.05.
- Revenue of $420.04M (+17.4% Y/Y) misses by $2.88M.
- 2022 Outlook: Sales are now expected to increase between 15% and 17% (versus the previous outlook of between 18% and 20%);
- Operating income as a percentage of sales is now expected to be approximately 16% (versus the previous outlook of approximately 18.5%) and operating income is now expected to decrease between 3% to 7% (versus the previous outlook of an increase between 13% to 15%);
- Adjusted operating income as a percentage of sales is now expected to be between 17% and 17.5% (versus the previous outlook of approximately 20%) and adjusted operating income is now expected to decrease between 2% to 7% (versus the previous outlook of an increase between 13% to 15%);
- The effective tax rate is now expected to be approximately 24.6% (versus the previous outlook of 24%; and compared to 21.8% in the prior year period);
- Adjusted net income per diluted share is now expected to be between $2.34 and $2.46 (versus the previous outlook of between $2.86 and $2.91), reflecting a 5% to 10% decrease
- Shares +2.28% PM.