Company adjusts outlook ahead of holiday season

  • Yeti targets full-year adjusted sales growth of about 4%
  • Previous outlook was 4% to 5%
  • Includes a 500-basis-point hit from a recall
  • Excludes the unfavorable impact of recall-reserve adjustments
  • Forecasting full-year adjusted earnings of $2.32 a share
  • Previous guidance was $2.23 a share to $2.32 a share
  • CEO expects consumers to be discerning with their spending during the holiday season

Yeti Holdings has revised its full-year adjusted sales guidance, targeting growth of about 4%, at the low end of its previous range of 4% to 5%. This includes a 500-basis-point impact from a recall and stop sale of affected products. The adjusted figure does not account for the unfavorable impact of recall-reserve adjustments. Yeti is also forecasting full-year adjusted earnings of $2.32 a share, compared to its previous guidance of $2.23 a share to $2.32 a share. CEO Matt Reintjes anticipates consumers to be cautious with their spending during the critical holiday season.

Factuality Level: 8
Factuality Justification: The article provides specific information about Yeti Holdings adjusting its guidance for full-year adjusted sales and earnings. It includes details about the impact of a recall and stop sale of affected products. The information is specific and does not contain any obvious bias or opinion.
Noise Level: 3
Noise Justification: The article provides relevant information about Yeti Holdings adjusting its guidance for full-year sales and earnings. It mentions the impact of a recall and stop sale of affected products. However, it lacks in-depth analysis, evidence, and actionable insights.
Financial Relevance: Yes
Financial Markets Impacted: Yeti Holdings
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to financial topics as it provides information about Yeti Holdings adjusting its full-year sales and earnings guidance. However, there is no mention of any extreme event or its impact.
Public Companies: Yeti Holdings (N/A)
Key People: Matt Reintjes (Chief Executive)

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