YETI Holdings Shares Surge 7% Following Strong Q2 Report
<p><a href='https://financialmodelingprep.com/financial-summary/YETI'>YETI Holdings (NYSE:YETI)</a> saw its shares rise by over 7% in pre-market today following its Q2 report that exceeded expectations, driven by stronger margins and improved guidance.</p>
<p>The company reported a 10% drop in adjusted EPS to $0.57, surpassing the expected $0.46. While quarterly revenue fell by 4% to $402.6 million, adjusted sales, excluding the impact of the recall reserve adjustment, climbed 2% to $427.1 million, beating the anticipated $411.81 million.</p>
<p>Looking ahead, the company revised its full-year guidance, now anticipating a 4% to 5% growth in adjusted sales, up from the earlier 3% to 5%. Adjusted EPS is expected to range between $2.23 and $2.32, an increase from the prior $2.12 to $2.23, beating the Street estimate of $2.19.</p>

NYSE:YETI