Sales of high-priced coolers and equipment fall short of expectations

  • Yeti stock tumbles 12% after disappointing earnings report
  • Sales of high-priced coolers and equipment fell short of expectations
  • Fourth-quarter adjusted per-share earnings of 90 cents, missing Wall Street’s call for 96 cents
  • Sales of $519.8 million fell short of Wall Street expectations of $536 million
  • Yeti expects adjusted sales to rise between 7% and 9% for fiscal 2024
  • Board approves repurchase program of up to $300 million of common stock

Shares of Yeti were trading sharply lower on the heels of a discouraging earnings report. Yeti stock was down 12% to $42.35 on Thursday, putting it on track for its largest decrease since Aug. 4, 2022. The maker of high-end coolers, steel tumblers, and other outdoor gear posted fourth-quarter adjusted per-share earnings of 90 cents, missing Wall Street’s call for 96 cents. Sales of $519.8 million fell short of Wall Street expectations of $536 million. Yeti expects adjusted sales to rise between 7% and 9% for fiscal 2024 and its board approved a repurchase program of up to $300 million of common stock.

Companies Public: Yeti (N/A)
Key People: Matt Reintjes (Chief Executive Officer)

Factuality Level: 7
Factuality Just: The article provides specific information about Yeti’s stock performance, earnings report, and sales figures. It includes quotes from the CEO and mentions analysts’ expectations. However, it lacks additional context or analysis to fully understand the reasons behind the stock decrease and the company’s future prospects.
Noise Level: 3
Noise Just: The article provides relevant information about Yeti’s discouraging earnings report and the decrease in stock price. It includes details about the missed earnings and sales expectations, as well as the CEO’s statement. However, the article lacks in-depth analysis, scientific rigor, and actionable insights. It also does not explore the consequences of the earnings report on those who bear the risks.
Financial Relevance: No
Financial Markets Impacted: No
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Just: The article pertains to the financial performance of Yeti, a company that makes high-end coolers and outdoor gear. The discouraging earnings report has led to a sharp decrease in Yeti’s stock price. However, there is no mention of any extreme event or its impact.

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